City operated at $881K deficit in FY 2018
The city of Columbus operated at a nearly $881,000 deficit in Fiscal Year 2018 — a fact that apparently caught city councilmen completely by surprise.
Deficit included in approved CL&W budget
The Columbus Light and Water board unanimously approved an electric department budget for fiscal year 2017 that includes a $186,000 deficit.
Columbus city council narrows budget deficit
The Columbus city council on Wednesday unanimously approved cuts that will nearly eliminate the deficit from the city’s projected fiscal year 2016 budget.
US budget deficit swells in July due to calendar quirk
The U.S. government ran a much higher budget deficit in July than a year ago, but it’s still on track for the lowest full-year deficit in eight years.
What red ink? As deficits dip, all sides seek more spending
The deficit is dead. Long live the deficit.
Lowndes budget hearing set for Monday
New debt service payments and employee raises will likely result in Lowndes County dipping into its reserve fund next fiscal year to make up for an estimated $550,000 deficit.
U.S. on track for narrowest budget gap since 2008
The U.S. government ran a big surplus in April, thanks to a flood of tax payments that helped keep the budget on track for the lowest annual deficit in six years.
Bedrock GOP principle dropped in debt ceiling vote
It was once the backbone of the House Republican majority — the hard-line stand that brought President Barack Obama to the negotiating table and yielded more than $2 trillion in deficit reduction.
CBO: Deficit to be cut $1.1T by 2023
WASHINGTON — President Barack Obama’s budget would trim projected federal deficits by $1.1 trillion over the coming decade, using nearly $6 in higher revenues for
Dozens of air shows cancel without military jets
Dozens of air shows that draw tens of thousands of people and generate millions of dollars for local economies have been cancelled this year after the military grounded its jet and demonstration teams because of automatic federal budget cuts.
Obama sends Congress $3.77 trillion spending plan
President Barack Obama is sending Congress a $3.77 trillion spending blueprint that seeks to achieve an elusive “grand bargain” to tame runaway deficits by raising taxes further on the wealthy and trimming popular benefit programs such as Social Security.
Senate Democrats on track to pass budget
Democrats controlling the Senate appear on track to pass their first budget in four years, promising a second, almost $1 trillion round of tax increases on top of more than $600 billion in higher taxes on the wealthy enacted in January.
Big cuts in House budget plan
A familiar budget plan to sharply cut safety-net programs for the poor and clamp down on domestic agencies performing the nuts-and-bolts programs of the government is cruising to passage in the tea party-flavored House.
GOP sends mixed signals on Obama’s outreach effort
House Republicans are sending mixed signals in agreeing to meet with President Barack Obama for talks over the budget impasse.
Efforts to avoid gov’t shutdown move to Senate
Efforts to stave off a late March government shutdown shifted to the Senate after House Republicans swiftly passed legislation to keep federal agencies running, while also easing some of the effects of $85 billion in budget cuts.
Pentagon to furlough teachers, cut commissary time
The Pentagon will furlough about 15,000 military school teachers and staff around the world because of the automatic budget cuts that took effect last Friday, but spokesman George Little said Monday the department will manage the process so the schools don’t lose their accreditation.
Odds against him, Obama still betting on big deal
A fiscal deadline all but blown, President Barack Obama says he once again wants to seek a big fiscal deal that would raise taxes and trim billions from expensive and ever growing entitlement programs.
Budget cut warnings may prove harsher than reality
Get ready for two weeks of intensifying warnings about how crucial, popular government services are about to wither. Many of the threats could come true.
Congress charts new course for deficit
The nation’s sharp disagreements over taxes and spending are on a re-routed collision course, as Senate Democrats launch a plan that includes new taxes and House Republicans vow to speed up their plan to balance the federal budget with spending cuts alone.
Obama urges action on debt ceiling
President Barack Obama is hailing a last-minute deal that avoids the so-called fiscal cliff but says it’s just one step in a broader effort to boost the economy and shrink federal deficits.
