More Budgets and Deficits Articles

  • Virginia college savings plan tops $50B

    RICHMOND, Va. (AP) — Virginia's prepaid college tuition program has reached a milestone with more than $50 billion in assets under management. The Virginia529 College Savings Plan said Wednesday that the figure represents the college savings of 1.4 million account owners. According to the...

  • Road projects delayed because of federal shortfall

    FRANKFORT, Ky. (AP) — Kentucky transportation officials have delayed $185 million worth of road construction projects - including a project to widen a dangerous stretch of I-65 -because of a looming shortfall in the federal Highway Trust Fund. The trust fund is the main way states pay for...

  • US govt get $946M from Puerto Rico's Popular bank

    SAN JUAN, Puerto Rico (AP) — The U.S. Treasury Department says the government has received a total of $946 million in repayment from the Puerto Rican bank Popular Inc. as part of a federal bailout program. The treasury said Wednesday that Popular was the largest bank that remained in the...

  • Missouri city opts not to pay for flood protection

    CLARKSVILLE, Mo. (AP) — For years, tiny Clarksville has paid for temporary sandbag walls to protect its quaint business district and historic waterfront homes from Mississippi River flooding. But unwilling to raid its coffers again despite rising water levels, the city has left it to...

  • Maryland board cuts $77 million from state budget

    ANNAPOLIS, Md. (AP) — The Maryland Board of Public Works approved an $84 million plan on the second day of the fiscal year Wednesday to address state revenues that are underperforming. The board includes Gov. Martin O'Malley, Comptroller Peter Franchot and Treasurer Nancy Kopp. It voted 3-0...

  • Mike Pence submits request for Medicaid alternative

    Gov. Mike Pence on Tuesday asked that the federal government expand health care coverage for Indiana's low-income residents using a state-run alternative to traditional Medicaid.

  • 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...

From the Weekly Standard