Latest Government budgets News
Wisconsin lawmakers vote to spend $2 million to stage 2025 NFL draft in Green Bay
MADISON, Wis. (AP) — Wisconsin lawmakers voted Thursday to approve spending $2 million to help stage the 2025 NFL draft in Green Bay. The Republican-controlled Joint Finance Committee voted along party lines to include the funding in the two-year state budget it is drafting. The...
Editorial Roundup: South Carolina
Post and Courier. May 30, 2023. Editorial: What’s behind SC budget impasse? We shouldn’t have to wonder. S.C. Senate Finance Chairman Harvey Peeler didn’t give senators any explanation last week for why he suddenly thought it was wise to adopt a continuing...
Committee cuts proposal to exempt overtime pay from income tax
MONTGOMERY, Ala. (AP) — A legislative committee on Wednesday gutted a proposal to exempt Alabama workers' overtime pay from state income taxes after concerns arose about the potential loss to the education budget. The state House of Representatives had unanimously approved the...
Here's what's in, what's out of the debt limit bill to avert US default
WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy have been working the phones in an intense push to sell Congress on the 99-page bill that would suspend the nation's debt limit through 2025 to avoid a federal default while limiting government spending. The...
Debt limit deal is in place, but budget deficit is still a multi-decade challenge for US government
WASHINGTON (AP) — Even with the new spending restraints in the debt limit deal that cut borrowing by $1.5 trillion, the U.S. government's deficits are still on course to keep climbing to record levels over the next few decades. The projections are a sign that the two-year truce...
Illinois lawmakers approve $50.5 billion budget and await Gov. Pritzker's signature
SPRINGFIELD, Ill. (AP) — Illinois lawmakers finally approved a new state budget early Saturday, sending it to Democratic Gov. JB Pritzker for his signature with just over a month to spare before it takes effect with the new state fiscal year July 1. The Illinois House approved the...
Vermont's governor vetoes largest budget in state history
MONTPELIER, Vt. (AP) — Vermont's governor has vetoed a state budget that would have been the largest in the state history. Republican Gov. Phil Scott said the proposed budget, which is well over $8 billion, would unfairly raise taxes and fees on state residents. He said in his...
X marks the spot: Yellen tells Congress US could run out of money to pay all its bills by June 5
WASHINGTON (AP) — Treasury Secretary Janet Yellen told Congress on Friday that the U.S. could default on its debt obligations by June 5 — four days later than previously estimated — if lawmakers do not act in time to raise the federal debt ceiling. Yellen’s letter comes as...
Massachusetts Senate approves $55.9 billion budget proposal
BOSTON (AP) — The Massachusetts Senate approved a $55.9 billion state budget proposal for the new fiscal year on Thursday, setting up negotiations with the House on a final spending plan to ship to Democratic Gov. Maura Healey by July. One focus of the budget is higher education. ...
Partisan split over Nevada budget threatens sports stadium, film tax credit
CARSON CITY, Nev. (AP) — Nevada’s Republican governor and Democratic-majority Legislature drew battle lines Thursday for a fight over policy priorities with less than two weeks until the session ends. Gov. Joe Lombardo issued a terse five-point ultimatum and declared he “will...
