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More Budgets and Deficits Articles

  • Goldman in deal worth $1.2B over US bond claims

    WASHINGTON (AP) — Goldman Sachs has agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007. The Federal Housing Finance Agency, which...

  • Janet Yellen's calculation of when to end the Federal Reserve's stimulus is changing

    The Fed chairwoman, speaking Friday at a conference of top central bankers in Jackson Hole, Wyo., acknowledged that the Fed is nearing a tipping point in its calculation between tightening monetary policy at the risk of creating more unemployment and keeping money too loose for too long.

  • Ascension council agrees to new tax plan

    GONZALES, La. (AP) — The Ascension council has agreed to amend the way it collects sales tax revenues in portions of taxing districts annexed by municipalities, creating a small tax break for some shoppers. The Advocate reports (http://bit.ly/1ohJMuE ) the matter came to light after the recent...

  • NY judge scolds Argentina, but no contempt order

    NEW YORK (AP) — A federal judge in Manhattan on Thursday said Argentina's plans to evade his orders by failing to make required payments to U.S. bondholders is illegal and cannot be carried out, but he stopped short of finding the South American nation in contempt of court. U.S. District Judge...

  • Obamacare rates are rising once again

    Obama didn't promise that he would overhaul the health care system so that premiums would continue to increase each year, just as they did in the system that existed before he was elected, which he argued was unacceptable.

  • Gov. Scott promises to raise school funding again

    MIAMI (AP) — Hammered by his chief rival over cuts to school budgets, Florida Gov. Rick Scott on Thursday made an election-year promise to boost money for public schools if he's re-elected. Scott vowed to recommend a roughly $700 million increase to public schools for 2015 — which would push...

  • Treasury looks to stop 'corporate deserters' on its own

    President Obama may not be able to stop "corporate deserters" from taking up legal residency in low-tax countries. But it appears that his Treasury Department will try to make the prospect of leaving the U.S. as unattractive as possible.

  • Bank of America settles for record $17 billion in mortgage inquiry

    The Department of Justice said that it would be the single largest settlement with a U.S. business in history. The agreement includes $9.65 billion in cash paid out to federal and state agencies, and nearly $7 billion in consumer relief to borrowers hurt by the mortgage crisis.

  • Arkansas lottery scales back budget projections

    LITTLE ROCK, Ark. (AP) — The Arkansas Lottery Commission has lowered its budget projections for money raised for scholarships by $3 million. The commission unanimously approved a revised budget Wednesday, reducing that projection to $78.2 million, the Arkansas Democrat-Gazette reported...

  • Argentina defends plan to pay creditors outside US

    BUENOS AIRES, Argentina (AP) — Argentina will make its next round of scheduled debt payments, the economy minister said Wednesday as he defended a new plan to pay creditors locally and avoid the jurisdiction of a U.S. court that forced the country into default last month. Under legislation that...

  • Judge adjusts Detroit bankruptcy trial schedule

    DETROIT (AP) — The Detroit bankruptcy trial will start Sept. 2 after the judge decided to move some testimony to later in the case. Federal Judge Steven Rhodes must decide whether Detroit's plan to get out of bankruptcy is fair and feasible. Rhodes had planned to first hear testimony on Aug....

  • US government sells 400,000 acres offshore Texas

    The federal government has sold more than 400,000 acres in the Gulf of Mexico off the Texas coast for oil and gas exploration and development, an official with the U.S. Bureau of Ocean Energy Management said Wednesday. The acreage represents a fraction of the 21.6 million acres the agency had...

  • You're not crazy, parents: Textbook prices have soared since you were in college, and here's why

    How on Earth have textbooks become so wildly expensive?

  • Bloomberg offers grants to help cities innovate

    American cities looking to be more innovative in how they address local issues can now get a helping hand from former New York City Mayor Michael Bloomberg's charitable foundation.

  • California committee approves higher pension calculations

    A state pension fund committee on Tuesday approved retirement calculations for new government hires despite concerns about so-called "pension spiking" raised by Gov. Jerry Brown and local governments.



From the Weekly Standard

  • McConnell Aide Resigns As Ron Paul Scandal Develops

    Just before the start of the Labor Day holiday weekend, the reelection campaign for Mitch McConnell of Kentucky announced its campaign manager, Jesse Benton, was resigning. Benton was leaving the...

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  • On the Origin of ISIS

    The Islamic State in Iraq and Syria, the terrorist army many thousand strong now rampaging through the Levant, embraces such an extreme, violent ideology that it makes even al Qaeda squeamish,...

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  • Repeal Obamacare, Don’t ‘Reform’ It

    Slowly but surely, the anti-repeal wing of the Republican party is starting to reassert itself.  The latest effort comes from Lanhee Chen, who was the top policy advisor on the Mitt Romney...

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