Deficit Forecast Nears $1.5 Trillion, Fueling Partisan Battle on Federal...
(New York Times) — The government’s budget deficit will soar to nearly $1.5 trillion this year, the nonpartisan Congressional Budget Officesaid Wednesday, an anticipated but politically galvanizing...
View ArticleCongressional Black Caucus Confronts GOP on Budget
(NNPA) — In sync with what football fanatics expect will be a bruising Super Bowl Sunday, political tensions on Capitol Hill are as hot as an Egyptian street fight with Democrats and Republicans poised...
View ArticleNo Relief In Sight From Rising Oil Prices
By Charing Ball I almost passed out yesterday when I opened my home heating bill. January was a particularly brutal month here in Philadelphia with a string of snowstorms and below freezing...
View ArticleObama Ready to Compromise on Budget
With the first draft out of the way the president focuses on the art of the deal.
View ArticleA Government Shutdown Would Hurt Everyone But The Government
By J. Smith Under current law, if the government were to be shutdown, every government employee would suffer financially except for the President and Congress. Lawmakers recently approved a stop-gap...
View ArticleEmanuel Names Team to Tackle Chicago Deficit
(AP) — Chicago Mayor-elect Rahm Emanuel named a new city finance team Wednesday to tackle a massive budget deficit that he said is a threat to the city’s economic future. Emanuel broadly estimated the...
View ArticleWho is Thinking About the People in Budget Negotiations?
By Charing Ball For all intents and purposes the current budget negotiations have been a dialogue among the wealthy while the rest of us pretty much sit mute on the sidelines. In one corner you have...
View ArticleBudget Cuts Imperil Black Middle Class
(New York Times) — What will the shrinking of the public sector mean for the black middle class? The black unemployment rate nationwide is 16.2 percent, far higher than the 8.7 percent rate for...
View ArticleDespite Cuts and Blame, Illinois Still Broke
(Chicago News Cooperative) – Gov. Pat Quinn set a chain of political finger-pointing in motion Thursday when he announced the closing of seven state facilities and the layoffs of 1,900 employees...
View ArticleObama's 'Rich' Plan for Deficit Reduction
He's looking to raise $3 trillion by making the wealthy pay up.
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