Standard & Poor's takes California off credit watch, easing the way for state to sell bondsAugust 19th, 2009 S&P takes California off negative credit watchSACRAMENTO, Calif. — A major bond-rating agency has taken California off its negative credit watch but says the state's financial situation remains precarious.
AP investigation: As California budget deficit grew, state lawmakers boosted staff payAugust 17th, 2009 AP investigation: Calif. lawmakers boost staff paySACRAMENTO, Calif.
Putin: Russia to run 7.5 percent budget deficit next year _ the most it can affordJuly 30th, 2009 Russia to run 7.5 pct budget deficit next yearMOSCOW — Russia will next year run a budget deficit equivalent to 7.5 percent of annual economic output, the highest deficit the country can afford, Prime Minister Vladimir Putin said Thursday. Russia is facing its biggest economic test in a decade and is this year running a budget deficit of 9.4 percent of gross domestic product — its first deficit in a decade.
Desperate for cash, Arizona lawmakers look at selling Capitol buildings to help balance budgetJuly 29th, 2009 Arizona lawmakers look at selling Capitol for cashPHOENIX — For sale: historic buildings with reliable tenants. Arizona lawmakers, desperate for cash, are considering selling the House and Senate buildings, then leasing them back over several years before assuming ownership again.
Obama's budget director says progress is being made as lawmakers work on health care overhaulJuly 19th, 2009 Budget chief sees progress in health care overhaulWASHINGTON — President Barack Obama's budget director is playing down reports that lawmakers are bogged down over the health care overhaul. Peter Orszag says good progress is being made toward Obama's goal of a bill in August.
Legislative leaders, Gov. Schwarzenegger set to discuss final details on California's budgetJuly 19th, 2009 Calif. lawmakers, Schwarzenegger to discuss budgetSACRAMENTO, Calif. — California officials are set for talks they hope will iron out the final details to closing the state's $26.3 billion budget deficit.
Lawmakers, governor hope to seal deal Sunday on how to erase California deficitJuly 18th, 2009 Deal possible Sunday on California budgetSACRAMENTO, Calif. — California officials hope to reach a deal Sunday on how to erase a $26.3 billion budget deficit that has forced the state to issue IOUs for the first time in nearly 20 years.
Schwarzenegger declares fiscal emergency in California, orders offices closed 3 days a monthJuly 1st, 2009 Schwarzenegger declares Calif. fiscal emergencySACRAMENTO — Gov.
Compromise over California budget deficit remains elusive with IOUs just days awayJune 29th, 2009 Calif. Senate OKs budget headed for certain vetoSACRAMENTO, Calif. — The California Senate has approved a Democratic budget that faces a certain veto from Republican Gov.
Calif. lawmakers remain deadlocked over solving budget crisis; IOUs expected next weekJune 26th, 2009 Calif. IOUs loom as lawmakers remain at impasseSACRAMENTO, Calif. — California lawmakers remain at an impasse over solving the state's $24.3 billion deficit as the state controller prepares to hand out roughly $3 billion in IOUs.
Calif. lawmakers debate budget fix as state controller warns of IOUs as early as next weekJune 24th, 2009 Calif. Legislature begins debate over budget fixSACRAMENTO, Calif. — Lawmakers have begun a sharp debate about a Democratic plan to close California's projected $24 billion deficit but a quick resolution seems unlikely.
Governor Schwarzenegger appeals to save 'California dream'June 2nd, 2009 SAN FRANCISCO - California Governor Arnold Schwarzenegger appealed to lawmakers Tuesday to pass a raft of unprecedented budget cuts, saying the tough decisions were the only way to save the California dream. Schwarzenegger made his comments in a meeting of the California legislature convened to decide on his proposals to close the state's projected $24-billion shortfall.
Schwarzenegger to address lawmakers, will ask them for quick deal to solve $24B shortfallJune 2nd, 2009 Schwarzenegger to appeal for quick budget dealSACRAMENTO, Calif. — California Gov.
Schwarzenegger says next year's budget deficit is $15B; will climb if voters reject measuresMay 12th, 2009 Schwarzenegger: Next year's deficit climbs to $15BSACRAMENTO, Calif. — Gov. Arnold Schwarzenegger is warning that California faces a $15.4 billion budget deficit in the coming fiscal year, nearly double the previous estimate.
Highlights of interim budget presented in Lok SabhaFebruary 15th, 2009 NEW DELHI - Following are the highlights of the interim budget presented by Minister for External Affairs Pranab Mukherjee in the Lok Sabha Monday:
* In past three years, India grew by average of over 9 percent
* Per capita income expanded by 4.7 percent per annum
* Fiscal deficit was brought down from 4.5 percent to 2.7 percent
* Revenue deficit was cut from 3.6 percent to 1.1 percent
* Exports increased 26.4 percent per annum
* Foreign trade increased from 27.3 percent to 35.5 percent
* Tax to gross domestic product ratio expanded by 9.2 to 12.5 percent
* Agriculture grew by 3.7 percent per annum
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