California Gov Jerry Brown revealed his revised plan Monday to close the state’s $16 billion budget deficit by slashing $8.3 billion in government spending and imposing temporary tax increases. His new proposal increases cuts $4.1 billion from the January proposal. Brown also proposed a 16 percent increase in funding for education, subject to voter approval, [...]
Bank of Spain looks to rescue Bankia - TheDCNF
The Bank of Spain announced that it is looking rescue Bankia SA by taking a controlling share, according to the Wall Street Journal. The move would convert the 4.5 billion euros of bailout funds from the Spanish government to common shares, giving Spanish authorities control of Bankia’s parent company, Banco Financiero y de Ahorros SA [...]
According to a new study, obesity costs the country $190 billion a year.
We can balance the budget without cutting defense or raising taxes.
Why the greatest threat facing America isn’t the national debt or Iran’s nuclear program, but the lack of moderate members of Congress.
Tom Coburn’s new book combines shocking information about the federal budget with an accessible writing style.
I’m worried the GOP is going to try to gut the bedrock social welfare program.
President Barack Obama has done something no other president has ever done.
The state-level numbers back up the GOP’s claims of fiscal prudence.
NEIL PATEL: Chicago politics: Wonk edition - TheDC Opinion
The White House is attacking Chuck Blahous, a prominent policy analyst who thinks Obamacare will increase the debt.
It is believed his actions were the result of a debt
Paul Ryan’s GOP House budget plan offers too little too late.
House GOP should either offer a balanced budget or retire - TheDC Opinion
We’re about to discover whether House Republicans are serious about getting America back on track.
‘This is really about leadership, and it’s about recognizing that we are in a very difficult financial situation’
‘You cannot be strong if you are broke. Debt is a national security issue’
The president’s budget doubles down on Obamacare while offering no solutions to Medicare’s problems.
The budget wouldn’t solve our long-term budget imbalance.
If we continue down the path proposed by the president, we will soon find ourselves where Greece is today.
It fails to address America’s most pressing challenges at a critical moment in the nation’s history.
S&P downgraded US for first time in August