Content Tagged As spending

1 year 1 week ago

US construction spending up 0.6 percent in July

WASHINGTON (AP) - Spending on U.S. construction projects rose in July, led by strong gains in housing and nonresidential projects. The Commerce Department says construction spending increased 0.6 percent in July compared with June when activity was unchanged. The June performance represented an upward revision from an initial estimate that...

2 years 1 month ago

Senate panel OKs $604 billion defense bill

WASHINGTON (AP) - A Senate panel has approved a $604 billion defense spending bill that reverses proposed Pentagon cuts in Air Force personnel and equipment. The Appropriations defense subcommittee approved the bill by voice vote Tuesday. The measure would provide $511 billion for the base budget and $93.3 billion for...

3 years 4 months ago

GOP calls for action on energy, spending

WASHINGTON (AP) - Republicans are calling for action on gasoline prices and spending. In the weekly GOP radio and internet address, Alabama Rep. Martha Roby says it's time for Washington to get serious about the challenges facing the country. She praised the House for passing three measures to...

3 years 7 months ago

Valentine's day price tag: $116

Many of us will be spending more on Valentine's Day this year. The National Retail Federation expect sales to be up roughly 11 percent over 2010 levels. They say consumers are spending more on luxury items like jewelry, and on traditional dinners, chocolates and flowers. The grand total per...

3 years 10 months ago

Holiday sales expect to rise

With Halloween now in the books the retail focus shifts to Christmas. With only 54 shopping days left, businesses are already getting into the holiday spirit. "We already have all of our Christmas wrap in and we're ready to go." says Chris Sondermann who owns Terra Verde, a shop in...

3 years 11 months ago

Complete text: GOP A Pledge to America

Want to know what Republicans would do if they win control of the House? No need to guess any longer. House Republicans were at a hardware store in suburban Virgina Wednesday to roll out a 21-page policy agenda. Their "Pledge to America" pulls together familiar proposals to slash...

4 years 2 days ago

White House sends spending wish list to Congress

The Obama administration is pushing a pre-election shopping list on its Democratic allies in Congress as they prepare must-pass legislation to prevent a government shutdown next month. Republicans are protesting the spending requests, which include $1.9 billion for school grants, financial help for the Postal Service and more than...

4 years 3 months ago

VP Biden says stimulus is working

Vice President Joe Biden says the economic recovery act deserves credit for creating or saving upward of 2.8 million jobs so far, with thousands more projects coming soon in a busy summer of construction. At the White House Thursday, the vice president told reporters: "Folks, the act is working."...

4 years 3 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,...

4 years 3 months ago

Massive education cuts around the country

Deep cuts may be looming for the nation's public school students as budget crises are forcing teacher pink-slips, shuttered classrooms and school program cuts. New York public schools are $500 million short. Illinois will cut 12,600 education jobs and in California 23-thousand teacher layoff notices have already been sent...

4 years 3 months ago

Economists more upbeat despite deficit woes

A survey of leading economic forecasters predicts the pace of U.S. growth will pick up in the year ahead as consumers and businesses accelerate spending. The assessment being released today by The National Association for Business Economics is more bullish than the last survey in February. The panel of...

4 years 4 months ago

April consumer spending falls from March

New figures show Americans pulled back from the malls in April after spending more rapidly in March. The lull comes on the heels of three straight month-to-month gains in retail spending, according to figures released by MasterCard Advisors' SpendingPulse. April's business was hurt by cool weather as well as...

4 years 4 months ago

Congress targets Pentagon waste, inefficiency

The House is demanding that the Pentagon improve how it acquires goods and services, saying that cutting down on waste and abuse can save taxpayers billions of dollars. Legislation passed by the House requires the Defense Department to adopt better business practices such as monitoring purchases to ensure that...

4 years 5 months ago

Incomes flat; consumer spending rises

Americans aren't making any more money--but they're spending more. Consumers spent modestly last month, a sign that the economic recovery is proceeding at a decent - but not spectacular - pace. The government says consumers boosted their spending 0.3 percent in February, a tad slower than the 0.4...

4 years 6 months ago

Spending rises, but income growth slows

Personal spending jumped by a larger amount than expected in January but Americans' incomes barely budged as millions of Social Security recipients did not get their usual cost of living boost. The weak income growth could depress spending in the months ahead, acting as a further drag on the fragile...

4 years 7 months ago

Personal incomes, consumer spending up in December

Personal incomes rose more than expected in December and consumer spending increased for the third straight month, helping the economy slowly recover from the worst recession in decades. The Commerce Department said Monday that incomes rose by 0.4 percent, the sixth increase in a row. That's slightly better than analysts'...

4 years 9 months ago

Government debt limits on ballot

DENVER (AP) - An initiative to limit borrowing by state and local governments in Colorado will appear on the November ballot. Colorado Secretary of State Bernie Buescher said Friday that supporters of the measure had gathered enough signatures to put it before voters November 2. It will appear on...

4 years 10 months ago

Americans may be settling into spending less

Americans may be settling into low-spending habits. They spent about the same amount in October as they did in August and September. That's according to SpendingPulse, a service of MasterCard Advisors. U.S. retail sales rose 1.5 percent in October compared to a year earlier. The sales include everything from toys...

5 years 2 days ago

Are consumers consuming?

Investors will get some insight Tuesday into how much consumers are spending when the Commerce Department reports on August retail sales. Jamie Cox, managing partner at Harris Financial Group, says Wall Street is intensely focused on whether people are "releasing some of those dollars they have been clinging so tightly...

5 years 1 week ago

Tourism down in western Colorado

Summer tourism is declining in western Colorado as the recession holds down travel and spending. The Grand Junction Visitor and Convention Bureau says the city lodging tax brought in 21 percent less money in July than it did a year ago. The bureau says year-to-date lodging tax revenue is...

5 years 1 week ago

Workers' comp insurer defends record to lawmakers

Executives from Colorado's state-chartered workers' compensation insurance company are defending themselves against accusations of lavish spending, excess profits and paying bonuses to employees for denying claims. Executives told lawmakers Friday that it would be counterproductive for them to mistreat injured workers to increase profits. Pinnacol CEO Ken Ross says the...

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