Illinois Supreme Court on Friday struck down a 2013 law that sought to fix the nation’s worst government-employee pension crisis, a ruling that forces the state to find another way to overcome a massive budget deficit.
They’ve already cut $5 million from the upcoming budget, but the Ferguson-Florissant School Board says the district is still facing a $7 million deficit.
Missouri could lose about $125 million in federal funding for various programs and the state’s military-related economy could take a $1 billion hit.
After months of failing to find a way to gain ground in the presidential campaign, Mitt Romney has hit the reset button by picking Paul Ryan as his running mate, but once the dust has settled and the Conventions are over, it is hard to see how Romney will have changed the direction of the 2012 presidential campaign.
The $2.7 billion package of cuts and taxes is designed to repair a long-term deficit in the state’s Medicaid program.
They say compromise is the key.
Speaker John Boehner’s debt limit bill is up for a vote today, but its future is still uncertain.
However, members of the group say the plan requires a temporary extension on the debt limit to develop a bill.
Creating jobs. controlling spending are the keys.
Instead, he said he’d take a “meat cleaver” to areas like the Departments of Education and Energy.