Economy / Tags / Budget

ECONOMY Wed Aug 20, 2008 @ 3:01pm neoform

biz.yahoo.com -- ALBANY, N.Y. (AP) -- New York's Legislature and Gov. David Paterson have approved cutting state spending by more than $1 billion this year and next to trim looming deficits. While the governor and legislative leaders said it was a remarkable event in an.. Read More

ECONOMY Mon Jul 28, 2008 @ 6:01pm neoform

biz.yahoo.com -- WASHINGTON (AP) -- Uncle Sam's bloated budget deficits -- should they persist -- could over time lead to higher interest rates on mortgages, car loans, student loans, business loans and other types of borrowing. The White House's budget office on Monday.. Read More

ECONOMY Mon Jul 28, 2008 @ 3:03pm neoform

biz.yahoo.com -- WASHINGTON (Reuters) - The Bush administration on Monday cut its budget deficit forecast for the current year but expanded it to a record $482 billion for 2009 as the weakening U.S. economy slows revenues and spending remains high. The White House said.. Read More

ECONOMY Mon Jul 28, 2008 @ 12:01pm neoform

biz.yahoo.com -- WASHINGTON (Reuters) - The Bush administration on Monday plans to project the U.S. budget deficit will soar to a new record of nearly half a trillion dollars in fiscal 2009 as the economic outlook darkens and Americans elect a new president. The forecas.. Read More

ECONOMY Thu Jul 17, 2008 @ 3:04pm neoform

biz.yahoo.com -- RICHMOND, Va. (AP) -- Staggered by a slumping economy, Gov. Tim Kaine's administration on Thursday ordered state agencies to curb hiring, travel and purchases, and warned that budget cuts are on the way. In a letter to legislative budget writers, the adm.. Read More

ECONOMY Thu Jul 17, 2008 @ 12:01pm neoform

biz.yahoo.com -- PIERRE, S.D. (AP) -- State sales and use tax collections grew by nearly 6.9 percent in the budget year that ended June 30, indicating that South Dakota's economy continues to outperform the sluggish national economy, officials announced. The growth in sa.. Read More

ECONOMY Tue Jul 15, 2008 @ 6:01pm neoform

biz.yahoo.com -- JEFFERSON CITY, Mo. (AP) -- Although the economy remains shaky, Missouri is beginning its new budget year with its largest surplus in at least two decades. The surplus is due largely to savings that have built up over recent years, as tax revenues came i.. Read More

ECONOMY Tue Jul 8, 2008 @ 6:00pm neoform

biz.yahoo.com -- DUBLIN, Ireland (AP) -- Ireland is cutting back its spending plans to cope with growing fears of recession and a sharp drop in tax revenues, the government announced Tuesday. Finance Minister Brian Lenihan said the government hoped its budget cuts would.. Read More

ECONOMY Mon Jul 7, 2008 @ 12:01pm neoform

biz.yahoo.com -- HARRISBURG, Pa. (AP) -- When Gov. Ed Rendell floated his budget proposal in February, Pennsylvania's economic forecasting consultant said the slack economy would rebound in the second half of 2008. Then the firm, Global Insight, grew more pessimistic as.. Read More

ECONOMY Thu Jul 3, 2008 @ 6:01pm neoform

biz.yahoo.com -- HARRISBURG, Pa. (AP) -- Even as the Legislature prepares to vote on a $28.2 billion budget that draws heavily on one-time dollars, Senate officials say a $1 billion deficit could pile up in the next 12 months and force additional cuts or tax increases. T.. Read More

ECONOMY Tue Jul 1, 2008 @ 3:00pm neoform

biz.yahoo.com -- RALEIGH, N.C. (AP) -- North Carolina House and Senate leaders are hammering out a budget for the new fiscal year that begins Tuesday, with negotiators still skeptical about Gov. Mike Easley's call to roll back proposed tax breaks and state employee raises.. Read More

ECONOMY Fri Jun 27, 2008 @ 6:01pm neoform

biz.yahoo.com -- ALBANY, N.Y. (AP) -- Gov. David Paterson is appointing three people to the board of directors of the New York City Off-Track Betting Corp. -- including his budget director and the former director of state operations. Joining the board are New York Budget.. Read More

ECONOMY Wed Jun 25, 2008 @ 12:01pm neoform

biz.yahoo.com -- HARTFORD, Conn. (AP) -- Gov. M. Jodi Rell announced $125 million in budget cuts to help cover a $150 million state deficit projected for the new fiscal year that begins on July 1. The cuts, which were announced Tuesday, will affect everything from welfar.. Read More

ECONOMY Mon Jun 23, 2008 @ 6:00pm neoform

biz.yahoo.com -- PROVIDENCE, R.I. (AP) -- A $6.9 billion budget approved by Rhode Island lawmakers could soon head to the governor's desk for his signature. The budget was approved last week by the House and Senate. Senate President Joseph Montalbano says he plans to for.. Read More

ECONOMY Mon Jun 23, 2008 @ 3:01pm neoform

biz.yahoo.com -- TRENTON, N.J. (AP) -- The Assembly on Monday began debating a cost-slashing $32.8 billion budget in the first of several key votes that will also decide whether to borrow $3.9 billion for school construction and to cut taxpayer-paid benefits for governmen.. Read More

ECONOMY Mon Jun 23, 2008 @ 9:00am neoform

biz.yahoo.com -- The latest hit to the economy could come from state houses and city halls across the nation, which are in their worst budget crisis in years. With falling revenue from sales and income taxes, and property-tax declines looming, states, cities and towns ha.. Read More

ECONOMY Fri Jun 20, 2008 @ 12:01pm neoform

biz.yahoo.com -- JACKSON, Miss. (AP) -- The new budget year starts July 1, Medicaid is $90 million in the hole and Gov. Haley Barbour and key lawmakers appear deadlocked over how to pay for the program. Barbour criticized House leaders Thursday for not approving a deal t.. Read More

ECONOMY Thu Jun 19, 2008 @ 6:00pm neoform

biz.yahoo.com -- TRENTON, N.J. (AP) -- An Assembly committee Thursday advanced New Jersey's $32.8 billion budget amid criticism the cost-cutting proposal would cut property tax rebates and hospital aid. The Assembly Budget Committee cleared the proposal for a Monday vote.. Read More

ECONOMY Wed Jun 18, 2008 @ 6:00pm neoform

biz.yahoo.com -- PROVIDENCE, R.I. (AP) -- House lawmakers struggling to balance the state budget started debating Wednesday a $6.9 billion spending plan that eliminates programs intended to help the needy pay for soaring energy costs and cuts welfare benefits. Republican.. Read More

ECONOMY Mon Jun 16, 2008 @ 12:01pm neoform

biz.yahoo.com -- WASHINGTON (Reuters) - Rising spending on U.S. Social Security and Medicare programs, if unchecked, will inflate national debt and the budget defect, ultimately affecting interest rates and economic growth, Federal Reserve Chairman Ben Bernanke said on M.. Read More