Budget Crisis

Source: news.yahoo.com --- 6 days ago
Two attorneys who say there are few distinct policy differences between them seek the seat of one of the chief law enforcement officers in the county, the state attorney, who leads more than 100 lawyers in prosecuting crimes. ...

Source: au.rd.yahoo.com --- 5 days ago
The New South Wales Opposition says secret Treasury figures show that the State Government has misled the public by claiming it only found out recently about the state's Budget Crisis. ...

Source: news.yahoo.com --- 1 day ago
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Source: www.iht.com --- 7 days ago
The leaders of Europe's four major powers called Saturday for flexibility on applying EU economy rules as they tackle a global financial Crisis, and took a "solemn vow" to support their banks, French President Nicolas Sarkozy said. ...

Source: www.moreover.com --- 9 days ago
As Dallas ISD teachers and administrators brace for a possible layoff announcement today, another group is anxiously awaiting the outcome: students. ...

Source: www.reuters.com --- 2 days ago
WAUKEGAN, Illinois (Reuters) - The bleak outlook for the U.S. economy and the worst credit crunch in decades are pushing many stressed-out consumers to learn some new skills -- budgeting and saving. ...

Source: www.moreover.com --- 2 days ago
State officials refused to sign off Tuesday on a key component of the Dallas school district's plan to slash its $84 million Budget deficit, leaving the fate of 300 employees in limbo. ...

Source: www.cbsnews.com --- 7 days ago
With California expecting to run out of cash by late October, Gov. Schwarzenegger says his state may need a federal bailout of its own. Ben Tracy reports. ...

Source: www.huffingtonpost.com --- 10 days ago
Congress is currently debating the Bush administration's proposal for a $700 billion to $1 trillion bailout of Wall Street. It is a bad bill and would waste an enormous amount of money, but it represents just the tip of the proverbial iceberg of fiscal irresponsibility in Washington. Indeed, the national debt already exceeds $9.5 trillion, and Congress recently raised the debt ceiling to $10.6 trillion (which the Bush administration is proposing to increase in the bailout to $11.3 trillion). Congress should reject the bailout, and then get busy cutting spending elsewhere throughout the Budget. For instance, the 2009 federal Budget will exceed $3 trillion. Next year's deficit will run a half trillion dollars. Additionally, this assumes no more federal bailouts. We need a president willing to reconsider every spending program and challenge every special interest that comes in the door. The U.S. already has spent about $600 billion on the war in Iraq. That's almost as much as the Wall Street bailout package. But total costs for the war may exceed $2 trillion. There are many reasons to pull our forces out of Iraq, leaving Iraq for the Iraqis. Ending this enormous waste of taxpayer money is one of the most important reasons. The defense Budget next year will be at least $515 billion. Toss in outlays for Afghanistan and Iraq, and the total will run nearly $700 billion. Yet most of this money, the equivalent of the Wall Street bailout, ...

Source: www.dallasnews.com --- 9 days ago
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Source: www.freep.com --- 2 days ago
Detroit Mayor Kenneth Cockrel Jr. appears focused, dutiful -- and remarkably positive, considering all the trouble that's in front of him. That's a good thing, as is his grasp of issues, his developing plans to resolve them, and his even-keel style, quite a contrast to the superlatives-laden Kwame Kilpatrick. ...

Source: www.freep.com --- 3 days ago
Detroit Mayor Kenneth Cockrel Jr. appears focused, dutiful and remarkably positive, considering all the trouble that's in front of him. ...

Source: www.moreover.com --- 6 days ago
FXStreet.com Oct 5 2008 12:46PM GMT ...

Source: www.sacbee.com --- 10 days ago
The national financial Crisis is threatening Caifornia's money reserves, making it uncertain whether the state will be able to pay its bills for critical needs next month. ...

Source: www.ocregister.com --- 2 days ago
Falling tax revenue puts state back in the red, so it's the right time to cut spending ...

Source: insider.pressdemocrat.com --- 4 days ago
Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} The state Legislature adopted a Budget less than a month ago, and it's already may have turned upside down. If it hasn't, there's little doubt that it will soon. The Budget was intended to push the mess into next year and onto the next Legislature. In that sense, it only may succeed because the election is coming up fast. Gov. Arnold Schwarzenegger meets Wednesday with the party leaders from the state Senate and Assembly. The Big Five didn't make much progress on the Budget this summer, and there are plenty of lawmakers angry that their bills were vetoed. Schwarzenegger set a record by vetoing about 35 percent of the legislation passed this year, in many cases saying the late Budget didn't give him time to review bills in detail. The next food fight may start sooner than we think. We will editorialize on the Budget in Wednesday's paper. But the best description I've seen yet was in a column today by Dan Walters of the Sacramento Bee. He included this quote from an ...

Source: www.thebostonchannel.com --- 5 days ago
Massachusetts is almost $250,000,000 in the red when it comes to the Budget. ...

Source: www.wickedlocal.com --- 3 days ago
When Governor Patrick announced last week that he would invoke his executive 9C powers to cut state spending, he cited the “significant stress” placed on the U.S. economy and its financial markets, which he warned “has now spread to the state Budget.” Listening to the governor, one might think the state’s current fiscal Crisis was brought about by the recent stock market turmoil. In reality, what’s happening on Wall Street has merely exacerbated an already precarious financial situation in Massachusetts and magnified the need for Budget cuts that should have been made months ago. The Commonwealth’s financial woes can be traced directly to the $28.22 billion Budget passed in July, a Budget I voted against because it was clearly unsustainable. The final conference committee Budget had a bottom line that exceeded what the House, the Senate and even the governor had recommended. With revenues projected to grow by 3.8 percent – at a time when most other states and the federal government were using a 1 percent growth figure – the Budget actually increased by 5.2 percent, or $1.5 billion, as funding in more than 140 accounts rose more than 9 percent and some agencies saw spending increases of double and even triple digits. When fiscal restraint was called for, the Legislature failed to tighten its belt. The Budget relied on overly optimistic revenue projections and excessive borrowing, including $400 million drawn from reserves, and was ...

Source: www.blogher.com --- 2 days ago
Lately, I've taken out a sheet of paper to list objects, circumstances, and people for which I'm grateful, not necessarily in that order. I have to do that because sometimes my moments as a single mother of two (one teen and one adult who still lives at home), a caregiver to elderly parents who live with me, and as a person who expects more of herself and life, I get edgy and properly pissed. So, when I read a post like "Frustration Nation " at Oh, And Another Thing, I don't judge, I empathize. Here are a few lines of her frustration with this economy. I'm really just bummed out today. I'm better off than so many people, but right now, i just feel defeated. I want Claire to grow up in a house with a yard, and I'm giving her a box apartment with no grass and loud, obnoxious neighbors. I want Claire to be in the best daycare, so I put her there and can't afford it from week to week. I want to give my mom and dad gifts and money so they can enjoy life for once, yet I bleed them dry because I can't manage my own expenses. I park between a Lexus SUV and a Mercedes C-class at daycare, and my own humble Honda is still not paid off---a 6-year car loan to afford a Honda. (Kara at Oh, And Another Thing ) She and I are one of many Americans struggling to make ends meet for our families. I suspect many of my readers could join in these laments. We're hearing that we're facing the worst economic Crisis since The Great Depression, and we're ho ...