Financial Crises - Page 3

September 27, 2017

How states can buck Washington gridlock and take the lead on transformative, bipartisan reform

As Washington stumbles over ObamaCare repeal and delays tax reform—and while seemingly endless scandals monopolize headlines—it’s all too easy to lose hope that transformative policy change is possible.

July 4, 2017

Illinois Senate overrides governor's tax hike veto

The Illinois Senate voted to override Gov. Bruce Rauner's vetoes of a $36 billion budget package Tuesday, including a $5 billion tax increase designed to start digging out of the nation's longest budget crisis since at least the Great Depression.

July 4, 2017

Illinois Senate OKs tax increase; Gov. Rauner has vowed veto

The Illinois Senate approved an income tax increase Tuesday to raise $5 billion a year aimed at ending the nation's longest state budget crisis since at least the Great Depression.

July 3, 2017

Christie pic furor is just the beginning: States enter summer of budget pain

A photograph of New Jersey Gov. Chris Christie sunbathing Sunday on a state beach he closed amid a budget standoff drew national attention to the state’s financial woes, but it was a mere snapshot of the budget battles being waged across the country.

July 3, 2017

Chris Christie: Cameras catch NJ gov lounging on closed beach during budget impasse

Chris Christie enjoyed his own private beach on Sunday by soaking up the sun on a waterfront Jersey Shore park that was closed to the public because of a budget standoff between the governor and legislators in Trenton.

June 30, 2017

Illinois budget passes test run, but deadline will be missed

A $36.5 billion foundation for rebuilding Illinois' crumbling finances passed a critical test on Friday, but a powerful legislative leader said no deal would be reached before a critical midnight deadline -- meaning Illinois will enter its third consecutive fiscal year without a budget.

January 12, 2017

Fixing Detroit: America's comeback city?

America loves a good comeback story. Just maybe, Detroit could be one for the ages.

January 12, 2017

Riding the rails: Millions at stake for Detroit's taxpayer-backed transit experiment

There's a lot riding on Detroit’s new transit system. After seven years of planning, work on the ambitious $140 million light rail project started this week amid charges that it already is an antiquated and ‘expensive boondoggle’ that fails to benefit the city’s low-income residents.

January 12, 2017

States ration birth, marriage, death certificates after paper company suddenly closes

Someone call Dunder Mifflin: Several states are reporting a paper crisis, after an Ohio company that produces highly specialized paper for vital records closed without warning.

January 12, 2017

Dems push for minimum wage increase for tipped workers -- but will it backfire?

Hourly workers who rely on tips for a living are turning to the states in a bid to boost their base pay, as the minimum wage debate stalls in Congress -- though business groups warn the move could backfire.