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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

Cuomo proposes plugging budget gap with more than $1 billion in taxes and fees

Gov. Andrew Cuomo called for an array of new revenues to close the state’s $4 billion budget hole on Tuesday while sketching his spending plan for the coming fiscal year. The governor asserted... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 17th, 2018

The cost of America"s war on drugs

The annual budget has ballooned to more than $51 billion annually......»»

Category: topSource: moneycentralDec 14th, 2017

Severance tax included as state budget compromise heads for vote

A severance tax is included in Pennsylvania's budget compromise bill, the Associated Press reported last night. The Republican-controlled state senate agreed to close a $2 billion hole in the budget by implementing a new tax on natural gas productio.....»»

Category: topSource: bizjournalsJul 27th, 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

Budget 2018: Budgetary support for Indian Railways to be cut by 27% in FY18

The revised support for 2017-18 will be 13% less than the Revised Estimates (RE) of Rs 463.5 billion in 2016-17.....»»

Category: topSource: business-standard1 hr. 4 min. ago

News digest: Q3 earnings, Budget 2018, cryptocurrency, and others

The Union government has cut budgetary support to the Indian Railways by Rs 150 billion for the financial year 2017-18.....»»

Category: topSource: business-standard10 hr. 34 min. ago

Corporate America"s Venezuela nightmare gets worse

Schlumberger takes a writedown of almost $1 billion as the crisis in Venezuela gets worse......»»

Category: topSource: cnnJan 19th, 2018

Apple"s huge investments: A boon for the economy or just good PR?

Is Apple's plan for bringing back some of its $252 billion in overseas cash and assets really a plum deal for America or just great spin?.....»»

Category: topSource: msnbcJan 18th, 2018

Amazon has announced the top contenders in its $5 billion bidding war for HQ2 — here are their craziest proposals

Shop/West 8 After Amazon announced late last year that it plans to build a second headquarters in an undetermined location, it received 238 bids from cities, states, and regions across North America. Each proposal detailed why t.....»»

Category: topSource: businessinsiderJan 18th, 2018

Amazon names Austin, 19 other cities as HQ2 finalists

Austin is one of 20 finalists for the second headquarters that Amazon.com Inc. wants to build somewhere in North America. The Texas capital has long been considered a front-runner for the $5 billion project, which the retail giant said comes with 5.....»»

Category: topSource: bizjournalsJan 18th, 2018

Budget 2018: Govt may raise health spending by 11%, less than requested

Nadda sought a 'bare minimum' budget of nearly $10 billion for 2018-19, which is 33% higher than last year.....»»

Category: topSource: business-standardJan 18th, 2018

Budget 2018: Govt cuts extra loans to Rs 200 bn, FY18 fiscal deficit could reach 3.4%

In December last year, the Centre had stated that it would raise an additional Rs 500 billion from the market in this financial year.....»»

Category: topSource: business-standardJan 18th, 2018

Budget 2018: Modi govt targets disinvestment receipts of Rs 900 billion

The ONGC-HPCL deal is likely to fetch the government Rs 300 billion, the report said quoting sources.....»»

Category: topSource: business-standardJan 18th, 2018