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Budget Gaps

10 States With Enormous Debt Problems

Reuters | Posted 10.28.2012 | Business

Aug 28 (Reuters) - America's 50 state governments owe $4.19 trillion, including outstanding bonds, unfunded pension commitments and budget gaps, acc...

Marcus Baram

Filling The Gap: As Government Shrinks, Community Groups Seek Local Solutions

HuffingtonPost.com | Marcus Baram | Posted 05.02.2012 | Impact

It's been a long road back for Christina Fitzgerald. After nearly two years spent looking for work in several cities, Fitzgerald arrived in Charlot...

City May Soon Charge Fee To Sit In Park

The Huffington Post | Harry Bradford | Posted 04.05.2012 | Business

Imagine having to pay to sit on the grass. That could be happening soon in North Las Vegas, where the city council is considering charging residen...

U.S. States Race To Build Casinos As They Scramble For Revenue

AP | By DAVID B. CARUSO | Posted 01.15.2012 | Business

NEW YORK -- A Malaysian company's plan to build a $4 billion convention center and big-time casino on the outskirts of New York City could be the bigg...

The 10 States That Can't Pay Their Bills

24/7 Wall St. | Michael B. Sauter, Charles B. Stockdale, Ashley C. Allen | Posted 01.12.2012 | Business

Balancing the budget is not just a federal problem, but a state one as well. The Great Recession resulted in some of the worst state revenues and budg...

In Over Half Of U.S. States, Spending To Exceed Revenues

Reuters | Posted 03.10.2012 | Business

By Lisa Lambert Jan 9 (Reuters) - More than half the U.S. states will not have enough revenues to cover spending demands in the fiscal...

Pennsylvania Capital's Bankruptcy Filing Rejected By Federal Judge

AP | MARC LEVY | Posted 01.23.2012 | Business

HARRISBURG, Pa. — A federal bankruptcy judge on Wednesday threw out a petition by the City Council of Pennsylvania's debt-choked capital of Harr...

Why Are Many U.S. Mayors Saying They Feel Like 'Bad Guys'?

Posted 11.22.2011 | Business

Mayors of U.S. cities and towns feel they are being cast as the "bad guys" as they attempt to address budget crises, often through tax hikes and s...

U.S. Postal Service Defers Federal Payment, Easing Heavy Losses

AP | HOPE YEN | Posted 01.15.2012 | Business

WASHINGTON — The U.S. Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibil...

Federal Employees Paid Less Than Private Sector

The Huffington Post | Harry Bradford | Posted 01.07.2012 | Business

Federal workers make more than a quarter less than private sector employees doing similar jobs, according to a recent study. Federal employees mak...

California Budget Gap Could Be More Than Governor's Projections

Posted 01.04.2012 | Business

California's government could face a budget gap of up to $8 billion in its next fiscal year, substantially more than the $3.1 billion shortfall pr...

Police May Ignore '911' Calls If They Don't Get More Gas Money

Posted 01.01.2012 | Business

In one North Carolina town, some residents may not get an answer to their 911 calls because the police are running out of gas money. In a town cou...

10 Years Later, How Bush-Era Tax Cuts Changed America [CHARTS]

The Huffington Post | Harry Bradford | Posted 08.08.2011 | Business

A decade has now passed since the Bush-era tax cuts were signed into law, and the topic remains as divisive as ever. To mark the ten-year annivers...