A new paper from the National Bureau of Economic Research (NBER) makes the case that the budget surpluses of the Clinton era were to blame for creating the US housing bubble that caused the biggest economic crisis since the Great Recession. Show More Summary
President Obama “will attempt to draw a new battle line with congressional Republicans over automatic spending cuts that remain baked into the nation’s budget,” CNN reports. “The forced budget cuts, known as sequestration, which were passed by Congress and signed [...] The post Obama to Fight Against Automatic Spending Cuts appeared first on Political Wire.
“Republican governors across the nation are proposing tax increases — and backing off pledges to cut taxes — as they strike a decidedly un-Republican pose in the face of budget shortfalls and pent-up demands from constituents after years of budget [...] The post Republican Governors Move to Hike Taxes appeared first on Political Wire.
The IRS is unable to do right by taxpayers, says the National Taxpayer Advocate. In its annual report to Congress, the in-house IRS watchdog finds that the agency’s budget cuts have eroded taxpayer service, especially for low-income taxpayers. Show More Summary
One million of the nation’s poorest people will be cut from the federal Supplemental Nutrition Assistance (SNAP) program by the end of 2016 even if they’re actively pursuing work, according to Center of Budget Policy and Priorities. Better known by its former name, the Food Stamp program, in...
Along with dynamic scoring, aka fantasy budgeting, another issue to be pushed by congressional Republicans is approval of the Keystone XL Pipeline. There’s a nice op ed in The Hill explaining why Keystone XL is not in our national interest. The main points. It’s not much of a jobs-creator. “The pipeline company, TransCanada, told the […]
The economy boomed through most of last year, a time when the nation's capital was devoid of major budget fights and threats of government shutdown.
``Earlier in the week, after the unprecedented 10--hour session the Ukrainian parliament adopted the 2015 budget that sees a number of drastic cuts and import duty raised to 10 percent, which should give way to new IMF funds. The last IMF estimate showed that Ukraine needs another $15 billion, on top of the $17 billion the Fund had already agreed to allocate.''
Big budgets and a point of view to peddle, Russia Today and CCTV News are expanding the influence of their national masters into the world's living rooms.
Russia is in the midst of an intense military buildup, and the country's deteriorating economy is magnifying the cost. During 2015 alone, Russia's national defense budget is expected to be 3.3 trillion rubles. At the time of the announcement...Show More Summary
Pakistan temporarily escapes Android One launch Three new emerging nations have been added to the list of places getting Google's budget phone version of Android.…
So as we go paddling towards some form of resolution to our budget crisis, the FT has some, er, good news for thwarted Scottish Nationalists, on foot of a simulation of oil revenues by the Office for Budget Responsibility… Had Scotland voted Yes to independence, it would now be looking at oil revenues of £1.25bn instead of more...
While there has been ample discussion the impact of falling oil prices on the national budgets of major oil producing nations, there's been less media focus on how some of the countries that face budget squeezes are likely to react. Consider what a difference nine days makes. Show More Summary
Over the last week we have seen played out in the national political spotlight the fundamental reason why Democrats have the high political ground in 2016. Senator Ted Cruz used every procedural move available to block Senate consideration...Show More Summary
Agricultural Economy An update yesterday from the Food and Agriculture Organization of the United Nations stated that, “Latest indications confirm that world cereal production will reach an all-time record of more than 2.5 billion tonnes in 2014. “Buoyed by bumper crops in Europe and a record maize output in the United States of America, this year’s […]
On his personal blog Hbt, Olivera Herbert writes about a new district distribution (starting on October 2014) and the popular referendum about participatory budgeting 2015 (November 2014), that allowed us to assess and ellaborate a new Catalog of Colonies and Native Nations 2013 in Mexico City. Herbert has prepared a...
When Illinois lawmakers get back to work in January, they'll have a lot of decisions to make on the state budget and minimum wage laws. They'll also be faced with the question of whether or not and how to restructure school funding in Illinois. Show More Summary
Laura Ingraham is blasting Republican House leadership over its support for a $1.01 trillion "Continuing Resolution-Omnibus" budget bill she calls "a 1,600 page bad joke." On her nationally syndicated radio program Thursday, I ngraham...Show More Summary
In an unusually blunt statement about a U.N. Security Council member – particularly one that accounts for a quarter of the U.N. budget, U.N. Special Rapporteur on Counter Terrorism and Human Rights Ben Emmerson, a British barrister by training, called on President Obama and Attorney General Holder to immediately file charges against ‘individuals responsible for [...]Show More Summary
Senate Majority Leader Harry Reid (D-Nev.) is vowing to block any effort by his GOP counterpart, Mitch McConnell, to loosen the nation's campaign finance limits as part of a bipartisan budget deal taking shape in Congress. Last week,...Show More Summary