Budget Deficit

California Running Ponzi Scheme with Unclaimed Property Program

Opinion<p>Posted: Apr 22, 2018 12:01 AM<p><i>The opinions expressed by columnists are their own and do not represent the views of Townhall.com.</i><p>Bernie Madoff …

Finance

America's budget deficit is a ticking time bomb

The Chairman of the Senate Banking Committee, Sen. Mike EnziMichael (Mike) Bradley EnziAbolishing Budget Committee hits a symptom, not the disease …

Deficits

South Dakota district downsizes staff amid $1.5M deficit

LEAD, S.D. (AP) - A school district in western South Dakota is downsizing its staff as it prepares to face a $1.5 million budget deficit.The Black …

South Dakota

Tax cuts to low-paid would help us all

The question is not whether wages should rise, but what is the best mechanism. The government says the best way is to cut company tax.

Economics

I don’t just miss Obama. I even miss Ronald Reagan.

The Trump administration serves as a daily reminder of how much the United States lost when President Barack Obama vacated the White House.<p>More than ever, I miss our 44th president’s grace, coolness, sense of humor, intelligence and empathy. I miss Obama’s crew of competent advisers and his …

Opinion

Lawmakers propose bill allowing county lodging tax

Democratic lawmakers have introduced a bill allowing Delaware's most populous county to impose a new lodging tax on hotel and motel rooms.<p>The bill …

Deficits

Average salary: $50,481. Doctorates: 21. First year educators: 241. We have the numbers on Indianapolis Public Schools teachers.

Teachers in the state’s largest district are facing significant upheaval, as Indianapolis Public Schools consolidates high schools and grapples with …

Indiana

Philippine Budget Chief Shrugs Off Peso and Inflation Concerns

Quickening inflation in the Philippines will likely prove temporary and the weak peso isn’t something to fret over, Budget Secretary Benjamin Diokno …

Economy

Fox in the Hen House: Why Interest Rates Are Rising

On March 31 the Federal Reserve raised its benchmark interest rate for the sixth time in three years and signaled its intention to raise rates twice …

Liberal View

Trump Slams OPEC: "Oil Prices Are Artificially High, Will Not Be Accepted"

It was supposed to be OPEC's day, as a joint technical panel of OPEC and non-OPEC nations (also known as OPEC+) met in Jeddah, Saudi Arabia and …

Oil

Alarm bells ringing at the IMF

Protectionism is a logical response to national insecurity, but it doesn’t have to be left to the right, suggests Colin Hines, while David Murray considers rising world debt<p>There is a link between your warning that the International Monetary Fund needs to change policy to ensure that the benefits …

Business

Goldman charts uncertainty around US midterm elections

For those puzzling over the recent decline in Vix levels Goldman Sachs cautions that the US midterm elections in November present another source of …

Markets

If world economy is so great, why are policymakers so gloomy? | The Star

<b>Trade War Worries</b><p>U.S. President Donald Trump tweeted last month that trade wars are “good, and easy to win,” but it is safe to say that leading …

Economy

Joseph Stiglitz: 2018 Sydney Peace prize winner on tax cuts and Trump

Nobel prize-winning economist says the argument in favour of cutting company tax to increase wages is a spurious one<p>• Sign up to receive the top stories in Australia every day at noon<p>Ask Nobel prize-winning economist Joseph Stiglitz for his thoughts on the Turnbull government’s arguments that …

Economics

Judge, state question quick renewal for Chester charter school

The Pennsylvania Department of Education is questioning the Chester-Upland School District’s decision to renew its operating agreement with the …

Education

Peter Schiff: Tariffs, Deficits, Fed Form 'Perfect Storm' Against Investors

Investment guru Peter Schiff is warning investors that a perfect storm is brewing as the nation’s central bank officials are clueless about how to …

Economy

Big Banks Saved $3.6B in Q1 Under Trump Tax Cuts | Investopedia

The Republican tax overhaul, passed in December, has saved some of America's largest corporations billions in taxes. The legislation, which reduced …

Deficits

More than 100 protest Eastern Michigan athletic cuts; legal action possible

YPSILANTI -- One month after Eastern Michigan University eliminated four sports to save $2.4 million, Eagles swimming alumnus Kevin Doak said the …

College & University

A U.S. recession ahead? Fed policymakers say not to worry

<i>Updated at 5:44 p.m. Friday</i><p><b>CHICAGO</b> • As the gap between short- and long-term borrowing costs hovers near its lowest in more than 10 years, …

Markets

Ray Mosby: So, how did we get to here?

<i>“You load 16 tons, what do you get?</i><p><i>Another day older and deeper in debt.”</i>—Tennessee Ernie Ford<p>ROLLING FORK—Of all the famous characters produced by …

Mississippi

One troubling theme is permeating the IMF's spring meeting

WASHINGTON—Leaders from the International Monetary Fund have taken the organization’s spring 2018 meeting as an opportunity to express their …

Economy

Trump is drowning out both the GOP and Democratic tax messages

<b>(CNN) —</b> When Republicans passed their tax overhaul bill late last year, Senate Majority Leader Mitch McConnell all but guaranteed the controversial cuts would be a political winner in 2018.<p>"If we can't sell this to the American people," McConnell said, "we ought to go into another line of …

Politics

It's Time To Upgrade Your Traditional 60-40 Balanced Fund To A Modern Version

The "traditional" 60/40 balanced fund underperformed both stocks and bonds during Q1 2018, a phenomenon rarely seen in over 35 years.<p>Core bonds, a …

Investing

Are You Ready To Work Until You Die?

In the last 150 years, a previously unknown social concept has taken hold in the US and other wealthy countries: retirement. And just as we’re …

Retirement

DataPoint: CBO Projects Trillion-Dollar Deficit by 2020

The Congressional Budget Office recently released its Budget and Economic Outlook for 2018 through 2028. The Outlook projects the budget deficit will surpass $1 trillion by 2020 — the first time since 2012.POLITICO Pro’s DataPoint reporting team recently released an infographic that explains what …

Deficits

15 Best Things to Do in L.A. This Week

<b>Ziggy Stardust Puts on His Red Shoes</b><p>Today he's a celebrated choreographer and artistic director of the respected contemporary dance troupe …

Los Angeles

Average US 30-year mortgage rate rose to 4.47 percent

WASHINGTON (AP) — Long-term U.S. mortgage rates climbed upward this week, slightly worsening affordability for homebuyers.<p>Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages rose to 4.47 percent from 4.42 percent last week. This benchmark rate averaged …

Business

Dollar Must Keep Depreciating To Balance Payments

Although the US Treasury refrained from naming any major trading partners as currency manipulators, President Donald Trump on April 16 tweeted that …

Research Papers

This is how the government will spend your taxes in 2018

Many taxpayers frantically completing their 1040s before this week’s tax deadline are surely wondering: Where does it all go?<p>This year, Washington …

Retirement

The argument for a U.S. trade deficit with China

<b>Judy Woodruff:</b><p>Now, America’s growing trade deficit.<p>It’s one of President Trump’s main arguments for imposing tariffs on China. But what about the …

Economics