Posts Tagged ‘budget’

Bloomberg Offers $65.7 Billion NYC Budget With Teacher Cuts

New York City Mayor Michael Bloomberg proposed a $65.7 billion fiscal 2012 budget to the City Council that contains no new taxes and would cut more than 6,000 teaching positions. View full post on All Stories

Congress seeks low budget plans to protect mass transit from terrorism

Tom Ramstack – AHN News Legal Correspondent Washington, D.C., United States (AHN) – Congress discussed Wednesday how to protect mass transit on a dwindling budget as new threats arise after the death of Osama bin Laden. Al-Qaeda attacks against public transportation targets not only destroyed airliners on Sept. 11, 2001 but also killed hundreds of [...]

Extra budget for rebuilding sent to the Diet

The government has submitted the first extra budget for fiscal 2011 to the Diet aimed at rebuilding areas devastated by the March 11 quake and … View full post on All Stories

Lawmakers Get Credit – for Bad Credit Ratings

COMMENTARY: Those of us calling for a return to fiscal sanity in the halls of government by following private-sector practices frequently hear: “Government is not a business.” Maybe not. But when government operates like a successful company, it works a whole lot better – and costs a whole lot less. Then there’s Frankfort. Political generosity [...]

ODA cut by 50.1 billion yen to raise recovery funds in extra budget

The Cabinet agreed to cut Japan’s foreign aid allocation for fiscal 2011 by 50.1 billion yen from the initially set 572.7 billion yen Friday as it approved a draft first extra budget for the year to secure funds for reconstruction work after the March 11 quake and tsunami. Foreign Minister Takeaki Matsumoto told reporters that [...]

Republican legislator joins Gov. Brown’s road trip

Brown addressed the state’s fiscal woes before educators and law-enforcement leaders at Hart High School in Newhall and called for a renewal of sales, vehicle and income taxes. GOP Assemblyman Cameron Smyth said he couldn’t see how tax increases could solve the budget crisis. Republican critics called on Gov. Jerry Brown on Thursday to stand [...]

Emanuel Putting Together Financial Team To Bring Fiscal Stability

Faced with a worsening budget picture, Mayor-elect Rahm Emanuel is putting a financial team together to make the tough decisions to bring fiscal stability. View full post on All Stories

Japan vows fiscal reform, easy monetary policy

WASHINGTON: Japan will lay out a medium-term plan for fiscal reform when it crafts a second extra budget for reconstruction around mid-year, the finance minister said, aiming to dispel market … View full post on All Stories

Experts: Emergency preparedness cuts in budget deal threaten U.S. security

ProPublica Staff Washington, DC, United States (ProPublica) – by Sasha Chavkin The budget agreement being finalized this week by Congress includes cuts that could place the country at increased risk in an emergency such as the one that’s unfolding in Japan, disaster preparedness experts say. They’re particularly troubled by a $786 million cutback in grants [...]

Partisan tensions rise as House tackles budget bill

WASHINGTON (CNN) — The struggle to control America’s skyrocketing debt will take center stage in the House of Representatives Thursday as members vote on the fiscal year 2011 budget deal reached last week by President Barack Obama, Senate Majority Leader Harry Reid, D-Nevada, and Speaker John Boehner, R-Ohio. View full post on All Stories

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