Tags: Fiscal

Homeland Security funding drama darkens U.S. fiscal outlook

By Richard Cowan and David Lawder WASHINGTON (Reuters) – Congress narrowly averted a partial shutdown of the U.S. domestic security agency late on Friday night, but the forces behind the chaotic episode remain – fractious Republicans and House Speaker John Boehner's lack of control over them. In five to seven months, the federal debt ceiling…

Obama signs nearly $578 billion defense bill for fiscal 2015

WASHINGTON (Reuters) – President Barack Obama signed an annual defense policy bill on Friday that authorizes U.S. training for Iraqi and Syrian forces fighting Islamic State rebels and sets overall defense spending at nearly $ 578 billion, including about $ 64 billion for wars abroad. The legislation, approved by Congress earlier this month, sets defense…

Danny Vinik, New RepublicOn Wednesday in the New York Times, Jonathan Weisman offered a gloomy forecast for the year ahead in Washington and its potential effects on the economy. “[A] dark cloud is threatening to return to otherwise clearing economic skies: fiscal and policy uncertainty,” he writes. Weisman cites a number of legislative deadlines that…

New taxes or not, Pennsylvania’s next governor faces fiscal morass

By Hilary Russ NEW YORK (Reuters) – The Democrat who could oust Pennsylvania's Republican governor in November wants to reshape the state's personal income tax system to make it more progressive. But if he wins, Tom Wolf, who was Revenue Secretary under former Democratic Governor Ed Rendell, probably could not get the plan past the…

U.S. governor races could determine swing states’ fiscal health

By Megan Davies NEW YORK (Reuters) – U.S. voters' readiness to face tough issues such as pension reform rather than simply kick the can further down the road will be put to the test next week as two-thirds of state governor posts go up for election. A handful of the Nov. 4 races such as…

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