The Spending Will Continue Until the Deficit Improves
Remember when deficits were a problem? The (more or less) bipartisan Congressional Budget Office (CBO) This year’s federal budget deficit The budget was increased by $400 billion on Tuesday, bringing the projected deficit this year to $1.92 trillion, a 27 percent increase from the CBO’s original estimate at the beginning of the year. According to […]
US deficit projected to reach $1.9 trillion this year
The Congressional Budget Office (CBO) said Tuesday that it projects the federal budget deficit to reach $1.9 trillion this fiscal year as government spending continues to rise. The estimated gap between annual revenues and spending is about $400 billion higher than the Treasury Department’s February projection, contained in the nonpartisan budget management agency’s latest budget […]
Gavin Newsom’s Budget Slashes Public Safety Funding, Expands Climate Programs Amid Massive Budget Deficit
Democratic Gov. Gavin Newsom of California proposed cutting from the state’s public safety budget to address a $27.6 billion fiscal deficit while also expanding climate-related programs. Newsom proposed revisions to the 2024-25 fiscal budget in May which cut $80 million from the Department of Corrections and Rehabilitation (CDCR) and $15 million from Department of Justice […]
Newsom proposes defunding police, prisons, public safety as California faces massive deficit
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Timberwolves overcome largest halftime deficit to beat Nuggets in Game 7 | NBA | FIRST THINGS FIRST
Nick Wright, Chris Broussard and Kevin Wildes react to the Minnesota Timberwolves win over the Denver Nuggets in Game 7 of … source
Minnesota Timberwolves overcome deficit to stun Denver Nuggets in Game 7
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California Legislature Rejects ‘Medicare for All’ — Again — Over Costs, Deficit
California’s Democratic-controlled Legislature has proposed creating a single-payer health care system, or socialized medicine, called “Medicare for All,” citing high costs amid a budget deficit. was rejected again. The idea of a government-run, publicly funded health care system has seduced left-wing Democrats for decades. In 2016 and 2020, it became a focal point of socialist […]
JPMorgan Chase CEO Jamie Dimon warns of fiscal deficit
JPMorgan Chase & Co. CEO Jamie Dimon said Wednesday that the U.S. needs to pay down its budget deficit sooner rather than later, before the issue escalates into a “much more unpleasant” crisis in the future. I warned you. “America has spent a lot of money,” Dimon told Sky News on Wednesday. The bank’s chief […]
Blue-state GOP blasts Dem gov over surprise $7B budget deficit increase
Democratic Gov. Gavin Newsom faced criticism from his Republican colleagues after announcing that the budget deficit was actually $7 billion worse than originally expected, bringing the total shortfall to nearly $74 billion. facing. “The Legislative Analysis Office (LAO) estimate was significantly higher,” Republican State Budget Committee Vice Chairman Roger Niero said in an interview on […]
Newsom budget promises ‘no new taxes’ but $15.2B in cuts against $80B deficit
(The Center Square) – California Gov. Gavin Newsom promised “no new taxes” in his 2024-2025 budget as he announced the state’s shortfall is $7 billion worse than was expected in January, and proposed $15.2 billion in budget cuts against an up to $80 billion deficit. Newsom’s cuts include reducing water storage and reducing the state’s […]