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America has an $800 billion hole in its budget

Getty Images / Spencer PlattThe cost of health care runs well over $1.1 trillion. Social Security is almost $1 trillion. Defense spending is $620 billion. Entitlement programs for our nation’s seniors and low-income individuals and fami.....»»

Category: topSource: businessinsiderMar 20th, 2017

Connecticut, Nation"s Wealthiest State, May be Tapped Out on Taxing the Rich

Connecticut, with the highest per capita income in the country, is staring down a projected $5.1 billion two-year budget hole and looking for options other than raising taxes on its wealthy residents......»»

Category: smallbizSource: wsjMay 19th, 2017

Kansas budget: Good news is gap closes; bad news is it’s still huge

Kansas officials anticipate an uptick in revenue in the next two years that could shave about $100 million off a $1 billion budget hole. The Lawrence Journal-World reports that forecasts call for revenue bumps of $43 million and $62 million in th.....»»

Category: topSource: bizjournalsApr 21st, 2017

Immigration cannot plug the hole in America’s budget

ON APRIL 12th almost 1,500 economists of varied political hues wrote to Donald Trump, urging him to consider the advantages of immigration. The benefits to America “far outweigh” the costs, they explained. Not only .....»»

Category: useconomySource: economistApr 20th, 2017

Trump wants to slash $4.7 billion from the Agriculture Department — and rural America could suffer the most

Reuters President Donald Trump has proposed halting funding for rural clean water initiatives and reducing county-level staff, for a 21% drop in discretionary spending at the Department of Agriculture (USDA), according to a White House budget docume.....»»

Category: topSource: businessinsiderMar 16th, 2017

Obamacare repeal would cost New York $3.7 billion

An Affordable Care Act repeal would result in 2.7 million New Yorkers losing health care coverage and would punch a $3.7 billion hole in the state budget, according to figures released Wednesday by... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 4th, 2017

Brexit to spark UK slowdown, blow hole in public purse

Brexit will spark an economic slowdown and ravage public finances, forcing a multi-billion-pound spike in state borrowing over the next five years, a gloomy mini-budget revealed Wednesday. Britain is predicted to borrow an extra £122 billion ($152 billio.....»»

Category: topSource: yahooNov 23rd, 2016

Brexit blows $31B hole in British budget

The U.K. government is facing a £25 billion hole in its finances because growth will slow as a result of Brexit, the Institute for Fiscal Studies said......»»

Category: europeSource: cnnNov 8th, 2016

Brexit blows $31 billion hole in British budget

The U.K. government is facing a £25 billion ($31 billion) hole in its finances because of Brexit, the Institute for Fiscal Studies said Tuesday......»»

Category: topSource: cnnNov 8th, 2016

Pakistan allocates $1.71 billion for CPEC in budget

CPEC projects would enter into their third year of implementation during 2017-2018.....»»

Category: topSource: business-standardMay 27th, 2017

There’s No Way Obamacare Can Last

The Congressional Budget Office score of the American Health Care Act [claims to shows] that the bill will reduce deficits by $119 billion over the next decade and result in 23 million more people being uninsured by 2026. This leaves […] The po.....»»

Category: blogSource: valuewalkMay 26th, 2017

Trump"s budget chops federal retirement benefits

President Trump’s fiscal 2018 budget seeks a major reduction of retirement benefits for the nation’s federal workforce. If the Republican president gets his way, federal retirement benefits will be cut by more than $4 billion in........»»

Category: topSource: moneycentralMay 25th, 2017

Why Trump’s proposal to slash Medicaid disproportionately impacts women

Trump’s budget includes more than $600 billion in cuts to Medicaid......»»

Category: topSource: marketwatchMay 24th, 2017

Why Trump’s proposals to slash Medicaid disproportionately impacts women

Trump’s budget includes more than $600 billion in cuts to Medicaid......»»

Category: topSource: marketwatchMay 24th, 2017

CBO: 23M fewer insured under House GOP bill

The House GOP bill to repeal Obamacare would leave 23 million fewer people with health insurance by 2026, compared to current law, according to the Congressional Budget Office. The bill would save $119 billion through 2026......»»

Category: topSource: cnnMay 24th, 2017

Trump budget proposes 40% cut to job training programs

America has millions of jobs openings but not as many applicants with the right skills. It's a big problem in the US job market......»»

Category: topSource: moneyMay 24th, 2017

Trump budget envisions $35-bn savings on Wall Street regulations rollback

Rolling back of Dodd-Frank financial reform bill would save $24 billion over a decade.....»»

Category: topSource: business-standardMay 24th, 2017

Retail: $5B of pizza dough; Lululemon"s moves

Forbes Richest Self-Made Women. Eighty-four-year-old Maria Ilitch, founder of Little Caesars Pizza, tops America's Richest Self-Made Women list as compiled by Forbes. Her net worth is $5.1 billion but while she's the richest woman on the list, she's.....»»

Category: topSource: bizjournalsMay 24th, 2017

Here Are The 66 Programs That Trump"s Budget Eliminates

President Trump's fiscal 2018 budget proposal would completely eliminate 66 federal programs, for a savings of $26.7 billion.  As The Hill reports, some.....»»

Category: blogSource: zerohedgeMay 24th, 2017

The Trump administration thinks it can save $35 billion by rolling back Dodd-Frank regulations

Thomson ReutersMay 23 (Reuters) - U.S. President Donald Trump's proposed budget estimates that the federal govern.....»»

Category: topSource: businessinsiderMay 23rd, 2017

$639B defense budget proposes Air Force growth, 2021 BRAC

The $639.1 billion Department of Defense budget proposed Tuesday calls for a slight increase in the size of the U.S. Air Force, more money for research and construction, and a 2021 BRAC. President Donald Trump sent the proposal to Congress for a .....»»

Category: topSource: bizjournalsMay 23rd, 2017