More Budgets and Deficits Articles

  • Arkansas lawmakers OK insurance, lotto, prisons bills

    Arkansas lawmakers gave final approval early Wednesday to bills addressing teacher health insurance premiums, prison overcrowding and new limits on the lottery, wrapping up a special legislative session that left unresolved until next year the long-term questions surrounding the three issues.

  • CFPB's renovation costs skyrocket to $216 million; IG sees 'no sound basis' for it

    Renovation costs for the Consumer Financial Protection Bureau's Washington headquarters have gone up another $65 million in the past six months, and there's no "sound basis" for the renovations, an internal government watchdog says.  

  • Dead ahead: A pothole in highway construction aid?

    WASHINGTON (AP) — As the summer driving season swings into full gear, states can expect a large pothole in their construction budgets if Congress doesn't reach an agreement quickly on how to pay for federal highway and transit programs, President Barack Obama and his top officials are warning....

  • VIDEO --- President Obama: 'Just fix some bridges and roads'

    President Obama has turned his sights to the looming deadline to replenish the Highway Trust Fund. He's laying out the issues that lie ahead should congress not act to stabilize a fund that is projected to run dry by the end of August.

  • Highway crisis looms as soon as August, US warns

    WASHINGTON (AP) — Gridlock in Washington will lead to gridlock across the country if lawmakers can't quickly agree on how to pay for highway and transit programs, President Barack Obama and his top officials warned Tuesday. States will begin to feel the pain of cutbacks in federal aid as soon...

  • Obama vows to act alone, taunts Republicans

    WASHINGTON (AP) — President Barack Obama defiantly dared congressional Republicans on Tuesday to try to block his efforts to act on his own and bypass a divided Congress that has thwarted his policy initiatives. "So sue me," he taunted on a sweltering day, as he pushed lawmakers to pay for...

  • Happy birthday, IRS?

    On July 9, the Internal Revenue Service will turn 61, a few years short of the average retirement age. Many Americans, when they get ready to retire, reflect on their career. I'd like to think the IRS, were it personified, might take a long look at its professional life leading up to its birthday.

  • John Boehner warns Harry Reid ready to reinstate earmark spending

    House Speaker John Boehner warns that Senate Democrats, led by Majority Leader Harry Reid, are 'plotting' to bring back banned congressional earmarks.

  • $5M state grant for U of Rochester computer center

    ROCHESTER, N.Y. (AP) — A University of Rochester project on the use of computers for health research has won $5 million in state economic development funds. The grant was one of 11 state investments totaling $22 million announced by Gov. Andrew Cuomo on Monday. The university is partnering...

  • Davis proposes postponing future Kansas tax cuts

    TOPEKA, Kan. (AP) — The presumed Democratic nominee for Kansas governor said Monday that if elected, he will pursue a big increase in education spending and a postponement of scheduled income tax cuts in an effort to improve the state economy. Kansas House Minority Leader Paul Davis said he...

  • Pension agency says plans for 1.5 million at risk

    WASHINGTON (AP) — Despite an improving U.S. economy, retirement plans covering roughly 1.5 million workers are severely underfunded, threatening benefit cuts for current and future retirees, a federal watchdog agency warned Monday. The Pension Benefit Guaranty Corporation (PBGC) said...

  • Quinn makes minor cuts to $35.7B Illinois budget

    CHICAGO (AP) — Gov. Pat Quinn on Monday largely approved a 2015 state budget he has criticized as "incomplete" for not extending a temporary income tax increase, setting off another back-and-forth with his Republican rival over how best to fix Illinois' huge financial problems. The Chicago...

  • Casino revenue included in Massachusetts budget

    BOSTON (AP) — Anti-casino activists are calling on lawmakers to exclude about $73 million in casino licensing and slot parlor revenue from the state budget they are set to finalize this week. Repeal the Casino Deal chairman John Ribeiro said in a statement on Monday the "phantom" revenue...

  • Lump sum repayments approved in Detroit bankruptcy

    DETROIT (AP) — Detroit retirees will be allowed to repay generous annuity returns with a lump sum in the city's bankruptcy case. A single payment could be cheaper than stretching it over time. The city is proposing to recover as much as 20 percent of the money paid between 2003 and 2013....

  • Illinois releases 5-year economic blueprint

    CHAMPAIGN, Ill. (AP) — The state agency in charge of helping improve Illinois' economy released a five-year plan on Monday that it hopes will create a good environment for business growth and prosperity. The plan is required under a state law passed last year, part of an effort to build up a...



From the Weekly Standard

  • No Sword, No Justice

    On Tuesday, President Obama visited the Dutch embassy in Washington to pay his respects to the victims of Malaysia Airlines Flight 17, shot down over Ukraine by forces armed and backed by Vladimir...

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  • A New Disorder

    Moments of clarity often come when you least expect them. In a speech to contributors last week in Seattle, Barack Obama made the case that his presidency has made America better. In most...

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  • Frozen in the Cold War

    In 1983, Barack Obama was a senior at Columbia University. He was not well known. He lived off-campus, had a few close friends, and spent a lot of time reading. He went to some meetings of the...

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