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Nevada public schools and the higher education system receive the bulk of state general fund money and should share in any new rounds of budget cut pain, Gov. Jim Gibbons said.
A Minnesota judge ruled Wednesday that Gov. Tim Pawlenty "crossed the line" when he cut billions from the state budget on his own, ordering his administration to restore money to a food program for the poor.
Kentucky could be facing a budget shortfall of more than $1.5 billion over the next two years because of the economic recession, Gov. Steve Beshear said Tuesday.
Pennsylvania's highest court ruled that the state constitution does not prohibit the governor from continuing to employ and pay state employees during a budget impasse.
Midyear budget cuts are in store for all three branches of West Virginia state government to avoid a potential budget deficit now estimated at $120 million.
Greece's Socialist-led parliament approved a 2010 budget aimed at reducing the country's high deficit by boosting tax revenues while slashing spending and restricting salaries and new appointments in the public sector.
The University of Hawaii has decided to unilaterally slash faculty salaries by 6.7 percent beginning this week to cope with state budget cuts, the school announced.
New Jersey Gov. Jon Corzine has whacked more than $800 million from the current state budget less than a month before leaving office, he said Tuesday as his successor announced preparations for steep reductions for the fiscal year ahead.
Faced with a $1.2 billion budget gap, Gov. Linda Lingle on Monday proposed the state take about $100 million in hotel taxes from Hawaii's four counties next year and delay the payment of some personal and corporate income tax refunds.
Most Connecticut state employees have Christmas Eve off, but not by choice and not with pay.
A panel of Kentucky economists will meet Monday afternoon to forecast tax revenues for the coming year.
Congressional budget scorekeepers say the latest Democratic health care bill would cover 94 percent of eligible Americans while reducing the federal deficit.
How a budget-balancing bill would affect certain elected officials is a point of contention among legislators.
Arizona Gov. Jan Brewer on Wednesday signed a budget-reduction bill containing $193 million of funding cuts and other changes that set the stage for agencies to reduce services and cut employees' pay.
Citing economic hardships amid "unprecedented times," Maine Gov. John Baldacci on Friday outlined his plan to close a $438 million state budget gap that includes deep cuts to education and human services programs but no new taxes or fees.
Major provisions of Gov. Timothy M. Kaine's two-year budget proposed Friday:
Virginia's hated local car tax would be replaced with a $2 billion-a-year income tax increase under the new budget Gov. Timothy M. Kaine presented Friday.
Kansas' governor doesn't plan to propose deep budget cuts again to avoid a deficit and said Thursday that he opposes further reductions in education spending.
A judge on Thursday ruled against Gov. Arnold Schwarzenegger's furlough order for thousands of California prison guards in a decision that could cost the state millions.
The gap in South Dakota's current state budget can be fixed by taking $15.8 million from several funds that hold excess money, the governor's budget director said.
Arizona Gov. Jan Brewer plans to convene an emergency meeting of her cabinet on Monday to address the state's still-huge budget deficit.
Oil and gas company Comstock Resources Inc. on Wednesday said it plans to spend 8 percent more on its drilling program in 2010 and boost its number of wells from 2009 levels.
Nevada Gov. Jim Gibbons told agency heads to prepare plans for possible budget cuts of up to 10 percent to meet an ever increasing revenue shortfall.
Mariner Energy Inc. said Wednesday it plans to boost capital spending in 2010 and raise production from 2009 levels.
The Federal Deposit Insurance Corp. said Tuesday its 2010 budget will jump to $4 billion from $2.6 billion this year, and announced plans to hire more than 1,600 mostly temporary employees as it continues to grapple with a rising number of bank failures.
I was going to write something clever and rhyming.. But my buddy Mandelman beat me to it a week or so ago. So I'm going to back up a few days to the White house X.Mas special. Staring Mr. and Mrs President and their dog Bo.
New York State Has First Deficit in General FundNew York is about to achieve a dubious milestone: For the first time in history, the state's main bank account is poised to end the year in the red.
Schwarzenegger Seeks Obama's Help for Deficit Relief Dec. 24 (Bloomberg) -- California Governor Arnold Schwarzenegger, anticipating a $21 billion state budget deficit, plans to ask President Barack Obama to ease mandates and minimums on social programs to save as much as $8 billion.
Cabinet approves record Yen92 trillion budget the Cabinet will have to issue ¥44.30 trillion in new government bonds — an alarming increase of 33.1 percent on the previous initial budget.
Who Gets 81% Of Funding From Private Corporations: Cfr Website Reveals Member States Did Not Want To Declare A Pandemic Emergency The WHO's annual budget for 2010 will be almost $5 billion with 81 % of the funding -- or $4 billion --coming from voluntary contributions from pharmaceutical companies, foundations and other donors, according to a WHO draft budget, available on the website of the Rockefeller …
CNN Political Ticker: All politics, all the time Blog Archive - CNN Poll: More Americans think Democratic policies better than Republican « - Blogs from CNN.comBy contrast, 53 percent of people questioned in the poll say that the GOP's polices would move the nation in the wrong direction, with 42 percent saying Republican policies are good for the country.
War surtax talks heat upReporting from Washington - As President Obama is preparing to announce a troop increase and new strategy for the war in Afghanistan, several powerful House committee chairmen have proposed a surtax on Americans to pay the future military costs.
Health Reform's CLASS ActThe CBO already estimates that the costs for this new program will eventually, just like Medicare, Medicaid and Social Security, outstrip its revenues.
Poll The strategy of borrow and spend which is the preferred method of financing our government by the Republican Party? or The strategy of tax and spend which is the preferred method of financing our government by the Democratic Party.
Couple Forgoes Furnace For WinterFALMOUTH, Maine -- With the temperatures dropping most of us are turning up the heat. But believe it or not, there are some people who haven't even fired up their furnace.
[CBO] Director's Blog: Manager's [i.e. Sen. Reid's] Amendment to the Patient Protection and Affordable Care ActOver the 2010–2019 period, the net cost of the coverage expansions would be more than offset by the combination of other spending changes that CBO estimates would save $483 billion and other provisions that JCT and CBO estimate would increase federal revenues by $264 billion.
GOP Hail Mary On Troop Funding FailsOh, look who hates the US military now. The GOP so hates democracy that they filibuster the troops currently fighting in two wars that they started. Nice. Shoe's on the other foot now.
Are you going to be spending more, less or the same on Christmas gifts this year? The average family of four spends $1500 on Christmas presents. I guess I am pretty close to average but there are still 8 more shopping days till Christmas.
Deval Patrick's sneak attack on Herald falls flatGov. Deval Patrick's punchy campaign staff sent out an e-mail blast to supporters Monday night hoping to blunt yesterday's Herald expose on the administration's year-long hiring frenzy, flinching even before the brutal news hit the street.
House budget splits defense, jobsA year-end budget bill taking shape in the House on Monday night would meld $626 billion in new defense spending with a set of pared-back tax- and unemployment related provisions designed to get through the Senate without a prolonged fight.
Cities Turn Off Street Lights To Save CashBudget cuts and property tax caps are leaving many residents across Indiana in the dark. Merrillville has turned off every other streetlight on its main roads. Valparaiso is turning off every other light in some areas and has set others to turn off at midnight.
Tony Soprano, Atlantic City and ConservationWith 1,174 residents per square mile, it is the most densely populated state in the country. Its "Meadowlands" is not known for wildlife diversity, but rather football diversity (the only stadium home to two NFL teams).
UK Budget - Stephanomics: Walking the lineIt was never going to be easy. In his pre-Budget report the chancellor had to boost his government's standing with the electorate - without lowering it with international investors.
Science and education budgets face 'bleak' £600m cuts The UK government is looking to make savings of £600m in higher education, and science and research budgets. Even though schools are not identified as an area of potential savings, how will cuts in other sectors filter down to the delivery and promotion of science in schools?
Mecklenburg wolves allowed to devour € 150,000 in livestock The five wild wolves in the German state of Mecklenburg-Western Pomerania can gorge themselves on up to €150,000 worth of sheep and other livestock, Agricultural Minister Till Backhaus said on Wednesday.
Congress Considers $1.1 Trillion Spending Bill to Fund Federal GovernmentCongressional negotiators have come to an agreement on a $1.1 trillion spending bill to fund the federal government after the middle of this month. This spending bill would fund nine Cabinet agencies and all the programs within them for the fiscal year that began in October.
'Broad agreement' on public option compromise, Senate leaders say"Tonight we've overcome a real problem that we had," Senate Majority Leader Harry M. Reid (D-Nev.) told reporters, adding that the Senate was approaching the end of "a long journey."
An Open Letter to Microsoft CEO Steve Ballmer: Quit Dodging Washington TaxesThough based in Redmond, Microsoft reports all its software-licensing sales in Nevada where there is no tax on those transactions. A dodge which, based on Reifman's calculations, has cost Washington state something in the neighborhood of $1.24 billion over a dozen years.
An Empire at RiskWe won the cold war and weathered 9/11. But now economic weakness is endangering our global power. An excellent article - Very interesting take on economics and the deficit. Must read for both sides.
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