Latest Government budgets News

Yellen announces efforts to boost the housing supply as high prices create a crunch

Jun. 24, 2024 09:32 AM EDT

WASHINGTON (AP) — The Biden administration is announcing new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years. Treasury Secretary...

Costly election pledges in France stoke fears of splurges that risk pushing country deeper into debt

Jun. 24, 2024 02:32 AM EDT

PARIS (AP) — The promises are appealing -– and expensive. Vying to oust the centrist government of President Emmanuel Macron in an upcoming two-round parliamentary election June 30 and July 7, French political parties of both the far right and far left are vowing to cut gasoline...

California Democrats agree to delay health care worker minimum wage increase to help balance budget

Jun. 22, 2024 18:42 PM EDT

SACRAMENTO, Calif. (AP) — Democrats in California have agreed to delay a minimum wage increase for about 426,000 health care workers to help balance the state's budget. The agreement between Gov. Gavin Newsom and legislative leaders is part of a larger plan to close an estimated...

Tax cuts, teacher raises and a few social issues in South Carolina budget compromise

Jun. 21, 2024 17:36 PM EDT

COLUMBIA, S.C. (AP) — A budget compromise reached by a small group of lawmakers Friday means South Carolina will accelerate a planned income tax cut, raise the salaries of all teachers and state employees and send more money to adult and juvenile prisons. A conference committee...

Delaware lawmakers sign off on $6.1 billion operating budget for the fiscal year

Jun. 20, 2024 18:57 PM EDT

DOVER, Del. (AP) — Delaware lawmakers approved on Thursday a $6.13 billion general fund operating budget for the fiscal year starting July 1, an increase of more than 9% from this year’s operating budget. House and Senate lawmakers also approved a separate “supplemental...

North Carolina legislature likely heading home soon for a 'little cooling off' over budget

Jun. 20, 2024 17:42 PM EDT

RALEIGH, N.C. (AP) — With each legislative chamber uninterested in hearing the other's spending proposal, North Carolina lawmakers look ready to go on hiatus after next week while a stalemate simmers between Republicans over how to adjust the current two-year state budget. ...

Editorial Roundup: South Carolina

Jun. 20, 2024 14:25 PM EDT

Post and Courier. June 18, 2024. Editorial: We can’t debate value of SC pork projects, because they’re still too obscured If you want to find out how the S.C. House plans to spend $275 million on local projects undertaken by public and private organizations,...

Germany and Dutch-owned operator end talks on grid sale because of budget constraints

Jun. 20, 2024 06:00 AM EDT

BERLIN (AP) — A state-owned Dutch company that is the biggest electricity grid operator in Germany said Thursday that talks on selling its German business to the government in Berlin have been terminated due to the administration's budget constraints. TenneT, one of four...

North Carolina House budget gets initial OK as Senate unveils stripped-down plan

Jun. 19, 2024 20:09 PM EDT

RALEIGH, N.C. (AP) — A North Carolina budget-adjustment measure penned by House Republicans received initial approval Wednesday in the chamber, legislation that covers a massive increase in private-school voucher demand, locates money for child care centers and raises worker and teacher pay...

Editorial Roundup: Mississippi

Jun. 19, 2024 13:14 PM EDT

Greenwood Commonwealth. June 15, 2024. Editorial: Keep Talking On Felon Voting Rights Republican majorities in the state House and Senate have different opinions on whether Mississippi should change the way it decides whether people convicted of any of 22 felonies...