Content Tagged As budget_deficit

3 years 6 months ago

Coffman proposes $100 billion in defense cuts

Colorado Congressman Mike Coffman has submitted a plan to trim $103 billion dollars in defense spending over the next decade to the Joint Select Committee on Deficit Reduction. The plan achieves most of the cost savings, around $90 billion, by reducing 100,000 active duty positions and increasing the number of...

4 years 5 months ago

Government to report on $1 trillion-plus deficit

Another $1 trillion budget deficit could give administration critics more to talk about just ahead of the November midterm election. The Obama administration is set to report Friday that the federal budget deficit exceeded $1 trillion for the second straight year. The Congressional Budget Office is projecting that...

4 years 7 months ago

2010 budget red ink: $1.3 trillion

Congress' budget analysts are estimating that this year's federal deficit will exceed $1.3 trillion, slightly below last year's total but still a huge ocean of red ink. The nonpartisan Congressional Budget Office said the enormous shortfall is a result of the still struggling economy, which has meant lower federal...

4 years 9 months ago

Colorado faces more red ink

Colorado Gov. Bill Ritter is going to be getting out the budget ax. State budget forecasters told lawmakers on Monday that there are insufficient funds to pay the bills for this fiscal year and the new fiscal year beginning July 1. According to the governor's budget office, Colorado will...

4 years 9 months ago

US budget deficit this year: $1 trillion

The budget deficit through the first eight months of the government's budget year is running slightly below last year's record-setting pace. Still, the country on track to record another $1 trillion-plus deficit. In its monthly budget report, the Treasury Department said that the deficit in May totaled $135.9 billion,...

5 years 1 month ago

Plan ahead--state furlough day coming

Another state employee furlough day is coming up this Friday, meaning everything from Driver's License Offices to county health departments will be closed for four days--Friday through Monday. The Monday closure is due to President's Day. The furlough day was ordered by Gov. Bill Ritter to help close a...

5 years 2 months ago

Colorado tax hikes coming

You'll soon be paying higher taxes for things like computer software, candy and soda. Right now, those things are exempted from taxes in Colorado--but that's about to end. Gov. Bill Ritter previously announced plans to suspend or eliminate 13 tax exemptions and credits starting in July to help next...

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