Congress, before summer break, acts to keep highway, unemployment, mortgage programs afloatWASHINGTON — Congress on Thursday came to the rescue of three recession-hit programs, including aid for unemployment benefits, that face serious disruptions in services while lawmakers are on vacation in August. NY economy still sinking; Paterson says $2.1B deficit means ‘difficult choices’ aheadALBANY, N.Y. — New York’s economic slump continues, with the state’s 100 wealthiest taxpayers so far reporting half the earnings of a year ago and sales tax revenues dropping by a historic amount, a state budget report released Thursday shows. Himachal facing drought-like conditionsSHIMLA - Himachal Pradesh Thursday decided to request the central government for help in the face of drought-like conditions following the lowest monsoon rainfall of the past 20 years. House acts to shore up funds for highway, unemployment, mortgage programsWASHINGTON — The House took emergency steps Wednesday to keep vital federal programs from going broke while Congress is absent next month, removing the threat that people would lose their unemployment checks or chances to get a low-interest housing loan while lawmakers are on vacation. US, China wrap up talks on economy, global warming (Lead))WASHINGTON - The US and China have agreed to work together to stabilise the world economy and explore ways to cooperate on climate change. US, China pledge closer cooperation to deal with economic crisis and political hot spotsWASHINGTON — The United States and China on Tuesday pledged closer cooperation to deal with global hot spots such as Iran and the worst financial crisis since the 1930s. Administration brings in top officials to reassure Chinese government on deficits, inflationWASHINGTON — President Barack Obama put forward his top economic officials on Monday to try to reassure China that the U.S. will not let huge budget deficits or runaway inflation jeopardize the value of Chinese investments here. Obama: US-China relations will shape 21st century, foster global change, economic progressWASHINGTON — President Barack Obama, opening two days of high-level talks with China, said the discussions could lay the groundwork for a new era of “sustained cooperation, not confrontation” in a relationship likely to shape the 21st century. Democratic senator says GOP needed for health care overhaul many Republicans opposeWASHINGTON — Senate Democrats alone cannot pass President Barack Obama’s ambitious overhaul of how Americans receive health care, a top lawmaker acknowledged on Sunday. Republicans said they will continue their opposition to a plan they say is simply a government takeover of private decisions. Calif. legislators approve budget deal after all-nighter but warn fix isn’t permanentSACRAMENTO, Calif. — Officials say there’s no guarantee that California’s budget troubles are over for now, even after state lawmakers approved a complex package of spending cuts, raids on local government funding and accounting maneuvers to fill a gigantic budget deficit. California Assembly passes most of $26B budget-balancing plan, sending it to SchwarzeneggerSACRAMENTO, Calif. — The state Assembly has approved a plan to close most of California’s $26 billion budget deficit, sending the package of financial fixes to Gov. Arnold Schwarzenegger. Tax-free, revenue surplus budget for Andhra PradeshHYDERABAD - Andhra Pradesh Finance Minister K. Rosaiah Friday presented a tax-free, revenue surplus budget for 2009-10 with an overall expenditure of over Rs.1 lakh crore (Rs.1,000 billion/$21 billion). AP answers your questions on the news, from survey sampling to returned bailout moneyIn the bank bailout merry-go-round, the government has spent billions helping out financial institutions — and a handful of them have turned around and paid the money back. 7 defense ministers to discuss future of troubled A400M military transport planePARIS — Defense ministers from the seven European nations which launched the troubled A400M military transport plane are meeting in France on Friday to discuss whether to continue with the delayed project and extend a moratorium that expires at the end of the month. California lawmakers face long debate before $26B in cuts and budget tricks is a done dealSACRAMENTO, Calif. — California lawmakers braced for a long, late-night debate Thursday on a complex budget plan struck by Gov. Arnold Schwarzenegger and legislative leaders that is designed to reverse the state’s slide toward insolvency. Conservative House Blue Dogs emerge as pivotal force on Obama health care planWASHINGTON — Conservative-leaning Blue Dog Democrats are enjoying a power surge like no other in their 15 years, forcing President Barack Obama and their own party leaders to deal with their demands for cost cuts and tax restraints in overhauling health care. Obama seeks to rally support for health care bill, defends decision to set mid-summer deadlineWASHINGTON — Six months in office, President Barack Obama sought to rally support for sweeping health care legislation Wednesday night as Congress struggled to find agreement on a historic overhaul. He vowed to reject any measure “primarily funded through taxing middle-class families.” Obama ytries to rally support for health care overhal, says debate is ‘not a game’WASHINGTON — Six months in office, President Barack Obama sought to rally support for sweeping health care legislation Wednesday night as Congress struggled to find agreement on a historic overhaul. He vowed to reject any measure “primarily funded through taxing middle-class families.” FACT CHECK: Obama’s health care principles somewhat at odds with the details in front of himWASHINGTON — President Barack Obama’s assertion Wednesday that government will stay out of health care decisions in an overhauled system is hard to square with the proposals coming out of Congress and with his own rhetoric. Obama budget director defends $787B stimulus, says unemployment to stay ’stubbornly high’NEW YORK — The Obama administration’s budget director defended its $787 billion stimulus package, saying the heavy spending was necessary to rescue the economy and that the plan is “on schedule” to produce the intended results. Officials say Obama administration largely wins WTO dispute with China over CDs, DVDs, booksGENEVA — The U.S. has largely prevailed in a trade dispute with China over restrictions on the sale there of American CDs, DVDs, books and computer software, two officials familiar with the ruling have told The Associated Press. Serbia’s economy to shrink by at up to 5 percent, financial minister saysBELGRADE, Serbia — Serbia’s recession-hit economy will shrink by up to 5 percent this year, far exceeding estimates by the International Monetary Fund, the country’s finance minister said Wednesday. Recession hits Guthrie box office; theater finishes fiscal year with 1st deficit in 14 yearsMINNEAPOLIS — The Guthrie Theater in Minneapolis is reporting its first deficit in 14 years as the recession took its toll on the box office, fundraising and endowments. No overnight overhaul: Timeline for far-reaching House health care legislation spans 2010-2018WASHINGTON — President Lyndon Johnson signed the Medicare law on July 30, 1965, and 11 months later seniors were receiving coverage. But if President Barack Obama gets to sign a health care overhaul this fall, the uninsured won’t be covered until 2013 — after the next presidential election. White House must revise budget figures to reflect severity of recession, but takes its timeWASHINGTON — The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today’s bleak landscape. Legislative leaders, Gov. Schwarzenegger to discuss final details on California budget dealSACRAMENTO, Calif. — Gov. Arnold Schwarzenegger and California’s top lawmakers are scheduled to resume talks Monday with the hope of hammering out the final details on a deal to close the state’s $26.3 billion budget deficit. Legislative leaders, Gov. Schwarzenegger set to discuss final details on California’s budgetSACRAMENTO, Calif. — California officials are set for talks they hope will iron out the final details to closing the state’s $26.3 billion budget deficit. Obama’s budget director says progress is being made as lawmakers work on health care overhaulWASHINGTON — President Barack Obama’s budget director is playing down reports that lawmakers are bogged down over the health care overhaul. Lawmakers, governor hope to seal deal Sunday on how to erase California deficitSACRAMENTO, Calif. — California officials hope to reach a deal Sunday on how to erase a $26.3 billion budget deficit that has forced the state to issue IOUs for the first time in nearly 20 years. Obama to Congress: Don’t squander chance to make meaningful changes to health care system nowWASHINGTON — President Barack Obama told the nation Saturday his health care overhaul is financially sound, but a new analysis by congressional budget experts of emerging House legislation said it would increase deficits by $239 billion over a decade. |
Topics
Poll Loading ...Latest TweetsDeficit
Latest Friend FeedsDeficit
|
