State budget forecast to be released Monday
State officials will release the state’s budget forecast Monday, which is something state law requires twice a year.
State officials will release the state’s budget forecast Monday, which is something state law requires twice a year.
But is China really that fragile?
Gov. Kristi Noem approved the $7.4 billion state budget after having spent weeks threatening to veto the bill.
After announcing a plan to slash nearly 7,000 jobs, Disney is reportedly instructing managers to propose budget cuts and put together lists of employees to be laid off in the coming weeks.
The White House on Monday launched what it says will be a week-long offensive slamming Republicans over what it calls a “draconian” budget plan proposed by the right-wing House Freedom Caucus. House Republicans led by Speaker Kevin McCarthy have yet to roll out their official budget plan. Their blueprint has been delayed as the party reportedly struggles to find consensus on proposals to cut spending. But the White House is honing in on budget demands released this month by the House Freedom Cau
Job postings on hiring website Indeed have been declining since early in 2022, but the slide has steepened over the past few months.
"It's too late to find a solution that prevents a hard landing and prevents severe financial stresses," "Dr. Doom" economist Nouriel Roubini said.
The White House on Monday called the House Freedom Caucus’s budget proposal a ‘five-alarm fire,’ arguing that its spending cuts would endanger Americans’ safety. The White House referred to the conservative GOP group as the “extreme MAGA Republican House Freedom Caucus” in a statement and said the proposal would be “a disaster for families in at…
U.S. House Speaker Kevin McCarthy said on Sunday that he confronted President Joe Biden about a lack of negotiations on the $31.4 trillion U.S. debt ceiling last week and told the president he is putting the economy at risk. McCarthy, the top Republican in the House of Representatives, first met with Biden on Feb. 1.
While GOP leaders are confident the state can cover the cost of the program now and in the future, Gov. Katie Hobbs sees a train wreck coming.
The deal is a lifeline for the country which is facing its worst economic crisis in over 70 years.
The budget fight is heating up after the Biden administration earlier this month released its $1.7 trillion budget plan for fiscal 2024, including $842 billion for the Pentagon.
There are several funding options, including increasing property, sales, private utility or municipal utility tax rates.
The International Monetary Fund said Tuesday it is assessing Sri Lanka’s governance in the first case of an Asian country facing scrutiny for corruption as part of a bailout program. The IMF executive board approved a nearly $3 billion bailout plan for the bankrupt nation Monday and about $333 million was to be disbursed immediately to help alleviate the country's humanitarian crisis. Sri Lanka suspended repayment of its debt last year as it ran short of foreign currency needed to pay for imports of fuel and other essentials.
European Union ministers agreed Monday on a two-billion-euro plan to raid their own arsenals and jointly purchase desperately needed ammunition for Ukraine.EU foreign policy chief Josep Borrell said the plan was to purchase from European manufacturers and sign contracts for the ammunition for Ukraine by the end of May.
For a growing part of America's population, taxing social security can be a nasty surprise.
German arms manufacturer Rheinmetall joined Frankfurt's blue-chip DAX index Monday, highlighting the improving fortunes of the country's weapons industry as the Ukraine war spurs demand. Rheinmetall and other weapons manufacturers approached by AFP are in negotiations with the government and the German military to fill gaps in stocks, worsened by huge deliveries of armaments to Ukraine.
A proposed constitutional amendment for the 2024 ballot would lower the cap on annual increases in assessed home value to 2%.
Justin Wolfers, professor of public policy and economics at the University of Michigan, joins the Investopedia Express this week. Justin says the economy is in much better shape than most people think, and believes the Fed can actually hike interest rates while putting out the contagion around banks. Plus, big tech is back in the driver's seat as investors return to their old favorites in search of safety and the prospect for a pause in rate hikes.
Montgomery County's budget proposal this week revealed a plan to raise property taxes. The proposed changes cause backlash among some county residents. Montgomery County Executive Marc Elrich joins the show to talk about the proposal and its impact.
The Biden administration is portraying plans from Republicans to gut the federal budget as jeopardizing national security.