Deficit sets record in February - Spokane, North Idaho News & Weather KHQ.com

Deficit sets record in February

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    OLYMPIA, Wash. - The Washington state Senate last night approved a tax package that would raise $890 million over the next 16 months.>>
    OLYMPIA, Wash. - The Washington state Senate last night approved a tax package that would raise $890 million over the next 16 months. It includes a temporary three-tenths-of-a-cent sales tax increase plus increased taxes on services and bottled water. It also ends a sales tax break for some companies based outside Washington. On a separate vote the Senate voted to add an extra $1-per-pack tax on cigarettes. Lawmakers are now waiting for the tax package from the House.>>
  • Wash. gov asks for $600 million in taxes for deficit

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    OLYMPIA, Wash. - Gov. Chris Gregoire wants a total of $605 million in higher taxes to help fill the state's budget deficit.>>
    OLYMPIA, Wash. - Gov. Chris Gregoire wants a total of $605 million in higher taxes to help fill the state's budget deficit. In a letter to state lawmakers, Gregoire says her top priority was looking for taxes that wouldn't handcuff the fragile economic recovery. The biggest item in Gregoire's revenue plan is a near-tripling of the tax rate on oil products and other pollutants. She also is asking for taxes on pop, cigarettes, candy and a penny-per-ounce tax on bottled water.>>
  • Obama says stimulus bill saved troubled economy

    Obama says stimulus bill saved troubled economy

    WASHINGTON. - President Obama says the emergency legislation he signed a year ago to help the struggling economy has saved at least 2 million jobs and avoided a deeper recession.>>
    WASHINGTON. - President Obama says the emergency legislation he signed a year ago to help the struggling economy has saved at least 2 million jobs and avoided a deeper recession. Speaking on the first anniversary of the American Recovery and Investment Act, Obama said that embracing the $787 billion measure"wasn't a politically easy decision." Obama also acknowledged that current economic conditions don't "feel much like a recovery" to those who are still hurting.>>
  • Dems call for debt limit increase of $1.8 - 1.9 trillion

    Dems call for debt limit increase of $1.8 - 1.9 trillion

    WASHINGTON. - A House Democratic leader says Congress will have to permit at least $1.8 trillion in additional federal borrowing next year to avoid a default on the U.S. debt.>>
    WASHINGTON. - A House Democratic leader says Congress will have to permit at least $1.8 trillion in additional federal borrowing next year to avoid a default on the U.S. debt. Maryland Rep. Steny Hoyer said an increase in the so-called debt limit would have to be in the neighborhood of $1.8 to $1.9 trillion in order to allow the government to borrow enough money to keep operations afloat through December of next year.>>



















(Treasury Department in Washington DC)

WASHINGTON. - The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year's record for the full year.
     
The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last year.
     
The deficit through the first five months of this budget year totals $651.6 billion, 10.5 percent higher than a year ago.

Obama sets up deficit panel without help from Hill

(February 18, 2010)

President Barack Obama has announced a new bipartisan commission to take on deficit-reducing responsibilities that Congress has been reluctant to embrace.
     
The move came a day after he touted the $862 billion economic stimulus program. Obama's administration has been taking an increasing amount of criticism for record-high deficits, and Obama said something has to be done about it.
     
He said the continuing red-ink trend could "hobble our economy" and "will cloud our future."

Obama introduced former White House chief of staff Erskine Bowles, who worked for President
Bill Clinton, and Republican former Sen. Alan Simpson as co-chairmen of the panel.

The administration has forecast that the deficit will hit a record a record $1.56 trillion for the budget year ending Sept. 30.

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  • Man in custody after stabbing eight-year-old boy in Spokane Valley

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    Sunday, November 18 2018 12:06 AM EST2018-11-18 05:06:41 GMT

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    >>

    SPOKANE VALLEY, Wash. - A 30-year-old male is facing attempted murder charges after stabbing an eight-year-old boy at a HiCo store in Spokane Valley Saturday night. Around 4:30 p.m, Spokane Valley Deputies responded to a call of two males fighting along with the reported stabbing. 

    >>
  • Three Montana deer test positive for brain wasting disease

    Three Montana deer test positive for brain wasting disease

    Saturday, November 17 2018 4:12 PM EST2018-11-17 21:12:49 GMT

    Montana wildlife officials say three deer in Blaine County have tested positive for a brain wasting disease. The Great Falls Tribune reports that the deer found to have chronic wasting disease were all harvested within a priority surveillance area. 

    >>

    Montana wildlife officials say three deer in Blaine County have tested positive for a brain wasting disease. The Great Falls Tribune reports that the deer found to have chronic wasting disease were all harvested within a priority surveillance area. 

    >>
  • Man faces DUI, hit and run charges for crash that flipped semi in Spokane Valley

    Man faces DUI, hit and run charges for crash that flipped semi in Spokane Valley

    Saturday, November 17 2018 1:46 PM EST2018-11-17 18:46:53 GMT

    All eastbound I-90 lanes near Evergreen in Spokane Valley were closed this morning after a semi flipped onto its side. It started with an erratic driver in a black pickup truck slamming into a passenger car. 

    >>

    All eastbound I-90 lanes near Evergreen in Spokane Valley were closed this morning after a semi flipped onto its side. It started with an erratic driver in a black pickup truck slamming into a passenger car. 

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