Advertisements


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

Revised repeal and replace bill would give Senate $287 billion to dole out

The Congressional Budget Office released Thursday yet another score of a Senate plan to repeal and replace Obamacare -- this one to learn how much more money the chamber's leaders would have to woo moderates if they keep Obamacare's taxes on the wealthy......»»

Category: topSource: cnnJul 20th, 2017

Mayor Buckhorn proposes first property tax hike in 29 years as part of nearly $1 billion budget

Tampa Mayor Bob Buckhorn is proposing a property tax increase for the first time in 29 years. He’s asking Tampa City Council to raise the city’s millage rate from 5.7326 nearly a point to 6.6326, he announced during a presentation to council .....»»

Category: topSource: bizjournalsJul 20th, 2017

CBO on GOP health bill: 32 million more uninsured over a decade

The Congressional Budget Office on July 19 estimated that a GOP health-care bill ending parts of Obamacare with no immediate replacement would reduce federal deficits by $473 billion over a decade......»»

Category: topSource: moneycentralJul 19th, 2017

Canadian homebuyers flock to America as market rolls over

Lyle Stafford/ReutersForeign buyers spent a record $153 billion on US housing in the year through March 2017, according to an annual report Tuesday from the National Association of Realtors. Although Chinese buyers were the biggest purchasers of........»»

Category: topSource: moneycentralJul 19th, 2017

Meet the Waltons: How America"s richest family spends its fortune

The Walmart heirs have a combined wealth of $130 billion, which is more than both Bill Gates and Warren Buffett. In fact, they are worth $48 billion more than the second richest family in the U.S. – the Kochs......»»

Category: topSource: moneycentralJul 19th, 2017

Canadian homebuyers flock to America as market rolls over

Lyle Stafford/ReutersForeign buyers spent a record $153 billion on US housing in the year through March 2017, according to an annual report Tuesday from the National Association of Realtors. Although Chinese buyers were the biggest purchasers of........»»

Category: topSource: moneycentralJul 19th, 2017

Meet the Waltons: How America"s richest family spends its fortune

The Walmart heirs have a combined wealth of $130 billion, which is more than both Bill Gates and Warren Buffett. In fact, they are worth $48 billion more than the second richest family in the U.S. – the Kochs......»»

Category: topSource: moneycentralJul 19th, 2017

Canada"s housing market is rolling over — and buyers are flocking to America

Lyle Stafford/ReutersForeign buyers spent a record $153 billion on US housing in the year throu.....»»

Category: topSource: businessinsiderJul 19th, 2017

Meet the Waltons: How America"s wealthiest family spends its Walmart fortune

REUTERS/Rick WilkingThe Waltons are the richest family in America, but they're pretty discreet about it. The Walmart heirs have a combined wealth of $130 billion, which is more than both Bill Gates and Warren Buffett. In........»»

Category: topSource: moneycentralJul 19th, 2017

MEET THE WALTONS: How America"s wealthiest family spends its Walmart fortune

REUTERS/Rick WilkingThe Waltons are the richest family in America, but they're pretty discreet about it.  The Walmart heirs have a combined wealth of $130 billion, which is more than both Bill.....»»

Category: topSource: businessinsiderJul 19th, 2017

Don’t Fall for Mick Mulvaney’s MAGAnomics Nonsense

The budget director is telling tall tales. Something changed in 2007, says Director of the Office of Management and Budget Mick Mulvaney in his introduction to "MAGAnomics," a play on "Make America Great Again,.....»»

Category: europeSource: fortuneJul 18th, 2017

A business that dogged Bank of America after the financial crisis just hit a $2 billion milestone (BAC, JPM, WFC, C, GS)

REUTERS/ Brendan McDermidBank of America Corp reported a high.....»»

Category: dealsSource: nytJul 18th, 2017