Nation -
Finance
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John Gramlich and Melissa Maynard (Stateline)
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Tuesday, 02 August 2011 09:00 |
Washington, DC, USA. The U.S. House voted 269-to-161 last night for a compromise bill that would raise the federal debt ceiling and cut more than $2 trillion in federal spending.
Spending reductions will eventually scale back some federal aid to states, but almost all of the specifics remain to be decided. As state officials begin to decipher Washington’s spending reduction deal, it’s clear that federal aid to states for certain programs will take a hit over the next decade.
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Last Updated on Tuesday, 02 August 2011 11:11 |
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Nation -
Finance
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Melissa Maynard (Stateline)
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Tuesday, 02 August 2011 03:00 |
Santa Clarita, CA, USA. A growing number of cities and counties, desperate to save money, have been turning their libraries over to private management.
The citizens frequently don’t like it.
Last month, three public libraries in the Los Angeles suburb of Santa Clarita ditched the L.A. County public library system, the biggest in the nation.
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Last Updated on Tuesday, 02 August 2011 10:32 |
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Nation -
Finance
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Mary Mahling (Stateline)
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Saturday, 30 July 2011 03:00 |
Washington, DC, USA. If the federal government begins defaulting on its obligations next week, it will clearly have some impact on states. The question nobody knows the answer to is: How much?
A lot would depend on how the U.S. Treasury decides to prioritize its payments, as this analysis from the Bipartisan Policy Center makes clear.
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Last Updated on Friday, 29 July 2011 15:24 |
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Nation -
Finance
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Christine Vestal (Stateline)
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Friday, 29 July 2011 03:00 |
Washington, DC, USA. In debt-ceiling talks, the Obama administration has floated the idea of overhauling crucial federal funding formulas for Medicaid.
Governors are concerned, because the plan would shift a greater share of Medicaid spending to the states.
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Last Updated on Thursday, 28 July 2011 11:42 |
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Nation -
Finance
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Matt McKillop (Stateline)
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Thursday, 28 July 2011 03:00 |
Harrisburg, PA, USA. Five years into a historic downturn in U.S. housing, federal and state policy makers have not yet succeeded in turning the tide.
The Obama administration’s flagship Home Affordable Modification Program (HAMP) assisted far fewer homeowners than expected. Other efforts, such as the federal Hardest Hit Fund for 18 states suffering from high unemployment and/or plummeting home prices, have gotten off the ground slowly.
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Last Updated on Wednesday, 27 July 2011 14:54 |
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