Posts Tagged ‘ budget ’

California is in talks with Wall Street banks to secure up to $5 billion in short-term loans following an exceptionally long budget impasse. Amazon.Com America Movil Amkor Technology Amphenol Anixter International
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Reuters – California’s leaders failed to reach a final budget agreement to close a $19.1 billion deficit on Monday, the 89th day of their stalemate over a spending plan, top lawmakers said.
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China’s economy has grown so fast, that even as it today towers over most developed nations, and in fact finances their budget deficits… it’s still receiving foreign aid from them: AP: China spent tens of billions of dollars on a dazzling 2008 Olympics. It has sent astronauts into space. It recently became the world’s...
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Senate Democrats on Wednesday overcame Republican opposition and cleared the way for a $26 billion measure to help states ease their severe budget … Rackable Systems Quest Software Quantum Qlogic . Progress Software
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Reuters – Democratic leaders of California’s legislature have agreed on a state budget plan to counter Republican Governor Arnold Schwarzenegger’s proposal, an aide to one of the legislators said on Monday.
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Here’s a question you’ve probably had: Why are the Bush tax cuts expiring in the first place? Clive Crook at the FT has the answer: What a commentary on the US approach to tax policy. The tax cuts are due to expire in the first place only because the Bush administration was cooking the...
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State and local governments are facing a vicious cycle thanks to our financial crisis. Since home prices haven’t really recovered, tax revenues are down. Since tax revenues are down, governments are cutting jobs, which means cutting services to homeowners. That means governments are spending less money in their communities, and employing less people, perpetuating...
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Cash-strapped cities and counties have been cutting jobs to cope with massive budget shortfalls — and that tally could edge up to nearly 500,000 if Congress doesn’t step up to help.Directv Group Elpida Memory Emc Fidelity National Information Svcs. Fiserv
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In a desperate attempt to fill a $70 million budget hole, Newark’s mayor is taking a chainsaw to the town’s budget — even going so far as to cut toilet paper from the 2010 budget.International Business Machines Inventec Kddi Kla-tencor Koninklijke Kpn
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In a desperate attempt to fill a $70 million budget hole, Newark’s mayor is taking a chainsaw to the town’s budget — even going so far as to cut toilet paper from the 2010 budget.Red Hat Radisys Rackable Systems Quest Software Quantum
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How to get the federal budget back on the right track? Here are just two ideas from the co-chair of the president’s bipartisan debt commission: Rein in tax breaks. Set hard caps on federal revenue and spending.Formfactor Fiserv First Solar Finisar Fei Company
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