Big Tax Increases And Spending Cuts Loom

On Tuesday, House Speaker John Boehner all but promised an ugly fight over the debt ceiling this year unless GOP demands for spending cuts are met.

BING NEWS:
  • Central Bank lays down a marker ahead of the Budget
    Central Bank Deputy Governor Vasileios Madouros (centre) alongside director of financial stability Mark Cassidy (left ( and Governor Gabriel Makhlouf (right). Mr Madouros warned the Government should ...
    04/24/2024 - 6:49 pm | View Link
  • Many large U.S. cities are in deep financial trouble. Here's why
    "We've got to be careful because you don't want to get into too much debt," said Lander, the city comptroller, while referencing the trade-offs between bond/debt-powered spending and other revenue ...
    04/24/2024 - 1:00 pm | View Link
  • State aid plunges, tax hikes capped: Big layoffs might be forced on Jersey Shore schools
    In Lacey, where 141 school jobs have already been cut, 57 more could soon go. Officials say the state's school funding formula puts them in a bind.
    04/22/2024 - 10:15 pm | View Link
  • 2017 Tax Cuts Continue to Lose Revenue
    The Congressional Budget Office (CBO) estimated the Tax Cuts and Jobs Act (TCJA) of 2017 would add $1.8 trillion to deficits (excluding interest) through Fiscal Year (FY) 2028 on a conventional basis ...
    04/15/2024 - 1:00 am | View Link
  • Edmontonians weigh in on how city should handle proposed tax increase
    The city said the increase is necessary to respond to several increasing cost pressures and continue to provide the services outlined in the 2023-2026 budget. City administration is also recommending ...
    04/12/2024 - 1:18 pm | View Link
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