More Budgets and Deficits Articles

  • Voters to decide fate of Alaska oil production tax

    ANCHORAGE, Alaska (AP) — Amid a fog of conflicting claims, Alaskans head to the polls Tuesday to decide if the state's old system for taxing oil companies, passed in 2007 after some lawmakers were suspected of bribery, is better than the new system, a tax cut passed last year to try to attract...

  • Governor hopefuls target tax talk at middle class

    HARRISBURG, Pa. (AP) — Pennsylvania's middle class is getting a lot of attention from the gubernatorial candidates, especially on the subject of taxes, but the TV campaign messages are typically vague and sometimes just plain wrong. An attack ad for Republican incumbent Tom Corbett warns voters...

  • Va. facing larger budget shortfall than expected

    RICHMOND, Va. (AP) — Virginia is facing a larger shortfall in the current two-year state budget than officials had expected. But officials aren't ready to outline specific cuts. Gov. Terry McAuliffe told the General Assembly's finance committees Friday that officials are projecting a revenue...

  • Rail station bids exceed projected budget

    HONOLULU (AP) — Bids that came in for construction of the first nine stations of a Honolulu rail transit system indicate the project's cost may far exceed estimates. Each of the three bids exceeded the estimate by at least $100 million. The least expensive, a $294.5 million proposal from Nan...

  • NY pension fund estimate reaches $180.7 billion

    ALBANY, N.Y. (AP) — New York's pension fund for state and local government workers reported Friday reaching a record high of $180.7 billion following a 3.6 percent return on investment in the most recent quarter. That includes "solid performance" in domestic and global stocks, which account for...

  • Foreign holdings of Treasury debt top $6 trillion

    WASHINGTON (AP) — Foreign buyers of U.S. Treasury securities increased their holdings in June, topping $6 trillion for the first time. Total foreign holdings rose 0.6 percent to $6.01 trillion, up from $5.98 trillion in May, the Treasury Department said Friday in its monthly report. The...

  • NY settlement with debt collector on payday loans

    ALBANY, N.Y. (AP) — New York's attorney general has announced a settlement with Forster & Garbus, a Long island-based debt collection firm, to ensure it doesn't file court claims against New Yorkers to collect on so-called payday loans for small amounts at high interest rates. State officials...

  • Oklahoma Sen. Jim Inhofe says deal reached on surplus program's red tape

    By Rick M. Green, Capitol Bureau The U.S. Defense Department has cut red tape in a program that gives surplus military vehicles to rural fire departments, Sen. Read more on NewsOK.

  • VIDEO: What are corporate tax inversions?

    It's a hot-button issue bound to come up on the campaign trail this fall, but what exactly is a corporate tax inversion? Washington Examiner Economics Writer Joseph Lawler sheds some light on the controversial practice.

  • Americans are borrowing more for everything except the one thing Obama wants

    Americans are increasingly willing to take on credit card debt or to take out loans to buy cars or to go to college, but they're still shying away from the biggest category of consumer credit: home loans.

  • America's question: Cut or crash?

    On July 31, Congress and President Obama flew America past a dubious fiscal landmark toward what increasingly looks like a crash landing.

  • Californians to vote on $7.5 billion water plan

    SACRAMENTO, Calif. (AP) — Driven to action by the state's historic drought, California lawmakers on Wednesday voted to place a $7.5 billion water plan before voters in November. The measure marks the largest investment in decades in the state's water infrastructure and is designed to build...

  • Treasury takes step toward oil spill trust fund

    NEW ORLEANS (AP) — The U.S. Treasury has set out 97 pages of rules for investing and allocating money that BP PLC and other defendants will pay in Clean Water Act fines for the Gulf of Mexico oil spill of 2010. The rules released Wednesday formally set up a trust fund for money that state and...

  • Judge delays Detroit bankruptcy trial start 8 days

    DETROIT (AP) — A federal judge has ordered another postponement in the start of a trial on Detroit's bankruptcy plan. Judge Steven Rhodes says in his order Wednesday that Detroit officials intend to submit a revised debt restructuring plan. He says for that reason, he's postponing the schedule...

  • Correction: Postal Service-Losses story

    WASHINGTON (AP) — In a story Aug. 11 about U.S. Postal Service Revenues, The Associated Press reported erroneously that the agency blamed its $2 billion loss for the quarter ending June 30 on increases in compensation and benefit costs. Although those costs did increase slightly, the overall...



From the Weekly Standard

  • No Mo’ Cuomo?

    Queens, N.Y. Peter Tu is thrilled about meeting with Rob Astorino, the Republican candidate for governor of New York. Tu is the executive director of the Flushing Chinese Business Association...

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  • Hamas’s Media Strategy

    During the six weeks of Israel’s Operation Protective Edge, Hamas has used human shields—women and children—to protect its infrastructure in Gaza. This tactic is meant either to deter Israel from...

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  • Scotland the Brave

    If at first you don’t secede, try, try again. This might be the motto of Alex Salmond’s Scottish National party, which since 1934 has been advocating the proposition that Scotland should be an...

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