Study: Cities slash services amid economic slump

The economic downturn has taken a toll on U.S. cities, forcing them to slash jobs, raise taxes and fees and limit hours of operation at libraries, zoos, parks and other popular facilities, according to a survey.

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States expect spending drop next year

In response to the economic downturn, the nation's governors expect to trim their state budgets by about 2.5 percent through cuts in education, Medicaid and state employee salaries and benefits.

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Results show retailers still struggling

The recession is continuing to punish the nation’s retailers, with many finding it difficult to get nervous customers to buy anything but necessities amid persistent worries about job losses and other economic woes.

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Obama stresses need to tackle tough fiscal issues

President Barack Obama says after eight years of a "continued deterioration in the government's balance speech" Republicans and Democrats are concerned about the legacy they're leaving the next generation.

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Colombian Finances Show Signs of Fatigue

When President Bush arrives in Colombia on Sunday he's likely to praise the economic model of President Alvaro Uribe, his staunchest ally in a region increasingly dominated by anti-American leaders.

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Sony reported a smaller-than-expected 26.3 billion yen ($289 million) quarterly loss as cost cuts combined with healthy sales of PlayStation 3 game consoles and Michael Jackson hits helped it inch toward recovery.

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These reflections from the Center for Fiscal Accountability come after last night's important U.S. Senate vote to strip funds from ACORN.

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The Board of Directors of the NEW General Motors ordered the rollout of new production models sooner than predicted. The Federally controlled G.M. will return to profitability soon, but is not there yet. Ain't federal welfare grand?

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Taxes and the future of America

Who should pay less taxes and why? Who should pay more taxes and why? How should these taxes be levied? What kind of tax plan brings the most benefit for the most citizens for a long time into the distant future? What plan would have the broadest appeal and still be successful?  …

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If we really want to get a grip on our long term health care cost Single Payer is the only way to go.

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The January to May 2009 fiscal deficit of the national government (NG) of an alarming P123.2 billion signifies that the country is on the verge of a renewed fiscal crisis.

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California Governor Arnold Schwarzenegger has declared a fiscal emergency in his state, as officials prepare to issue billions of dollars of IOUs to the state's creditors.

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4th of July Flag Protest

Earlier this year I wrote an article about a planned protest on the Fourth of July which received mixed reviews. The plan is to fly the American flag upside down at half-mast to signal the sad state of distress this country is in.

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Following the legislature's inability to pass a comprehensive solution to solve California's entire $24.3 billion deficit, Governor Arnold Schwarzenegger today proclaimed a fiscal emergency and called a Proposition 58 legislative special session to address this emergency.

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It's no secret that the Obama administration is deeply troubled by the continuing rise in unemployment. The national unemployment rate has risen to 9.4% from 7.2% in December and 5.5% in May 2008.

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Despite receiving funds from the American Recovery and Reinvestment Act of 2009, state fiscal conditions deteriorated for nearly every state during fiscal 2009, according to the National Governors Association (NGA) and the National Association of State Budget Officers (NASBO).

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In response to the economic downturn, the nation's governors expect to trim their state budgets by about 2.5 percent through cuts in education, Medicaid and state employee salaries and benefits.

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State tax revenues are collapsing around the country in 2009, giving Michigan plenty of company in the budget misery department, according to a report released today from the nation's governors and budget officers. Advertisement

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This is what the link on CNN's homepage for this article read: "Filing for bankruptcy may not be so bad for GM." As I read that link, I couldn't help but wonder why we dumped so much money (billions, awarded more than once) into GM from the bailout funds? If I'm not mistaken, w …

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California Gov. Arnold Schwarzenegger is threatening to make deep education cuts and auction off some of state's most iconic properties -- from the San Quentin state prison to the Los Angeles Memorial Coliseum -- in order to close current and future budget shortfalls.

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State Auditor Elaine Howle says California's system of handling billions of dollars of federal stimulus money is at a "high risk," in part because so much money is coming in so quickly.

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Rep. Frank M. Kratovil Jr., a first-term Democrat representing Republican-leaning eastern Maryland, is eager for word to spread about millions in stimulus money that is going to roads, sewer upgrades, health clinics, schools, police and rural development in his district.

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America: Talking Green but Leaving a Trail of Red

Even if every word about global warming were the immutable gospel truth and even if we never cut down another tree the trail America is leaving behind is conspicuously a brilliant red.

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Congressional Republicans have taken the art of political hypocrisy to new highs this past week. During debate over President Obama's stimulus proposal, Republican after Republican expressed outrage at the additional $800 billion being added to our government deficit.

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According to bible prophecy the single reason that the worlds last and most vicious world leader succeeds where all others before him have failed is that he doesn't attempt to conquer the world with warfare. How does he do it?

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George W. Bush's gift to Americans, "Wrapped with a bow".

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Seeking political traction, Republicans are using the economic stimulus package to try to restore an image tarnished by a free-spending GOP Congress under former President George W. Bush.

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Unhappiness is growing at the scale of cuts needed. Philadelphians love their libraries. Benjamin Franklin opened the first successful lending library in America there in 1731. The first free library was chartered in 1891.

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The mayor will introduce his executive budget today; it also calls for cuts in big-ticket construction projects and for city employees to cough up cash for health care, according to those briefed on the plan..The doomsday budget comes as Controller William Thompson released a rep …

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There are currently 46 states with high budget deficits, Arizona being one of them. In fact, Jan Brewer, the newly appointed Governor of Arizona has a major crisis on her hands, one that Arizona and national media isn't covering.

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