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

Deficit sets record in February

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  • Wash. Senate passes $890 million tax package

    Wash. Senate passes $890 million tax package

    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

    Wash. gov asks for $600 million in taxes for deficit

    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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  • Florida mom blames teen's death on confusing packaging for peanut cookies

    Florida mom blames teen's death on confusing packaging for peanut cookies

    Tuesday, July 17 2018 1:05 PM EDT2018-07-17 17:05:08 GMT

    A Florida mother blames the death of her 15-year-old daughter on what she calls confusing packaging for Reese's Chips Ahoy cookies.    Kelli Travers-Stafford says her daughter Alexi mistakenly ate one of the cookies at a friend's house despite her peanut allergy, because the top of the familiar red packaging was peeled back, hiding the Reese's label.  

    >>

    A Florida mother blames the death of her 15-year-old daughter on what she calls confusing packaging for Reese's Chips Ahoy cookies.    Kelli Travers-Stafford says her daughter Alexi mistakenly ate one of the cookies at a friend's house despite her peanut allergy, because the top of the familiar red packaging was peeled back, hiding the Reese's label.  

    >>
  • Spokane Valley massage parlor under investigation for sex trafficking

    Spokane Valley massage parlor under investigation for sex trafficking

    Monday, July 16 2018 9:43 PM EDT2018-07-17 01:43:51 GMT

    SPOKANE VALLEY, Wash. - The Washington State Patrol is investigating a Spokane Valley massage parlor for sex trafficking and prostitution. According to court documents, several men contacted authorities about the parlor, Space Oil Massage, and told them that the women who worked there asked them in private to call 911 because they were being forced to perform sex acts against their will.

    >>

    SPOKANE VALLEY, Wash. - The Washington State Patrol is investigating a Spokane Valley massage parlor for sex trafficking and prostitution. According to court documents, several men contacted authorities about the parlor, Space Oil Massage, and told them that the women who worked there asked them in private to call 911 because they were being forced to perform sex acts against their will.

    >>
  • Man who was hitting woman dies after witnesses intervene

    Man who was hitting woman dies after witnesses intervene

    Monday, July 16 2018 6:58 PM EDT2018-07-16 22:58:35 GMT

    YAKIMA, Wash. (AP) - Police say a man who was assaulting a woman in Yakima is dead after he was struck with a baton or baseball bat as witnesses intervened.    Authorities say the fight happened late Sunday night outside the Connections Transitional Apartments. Officers arrived to find a 57-year-old man who lived at the complex sitting outside with a head injury. He died at a hospital.

    >>

    YAKIMA, Wash. (AP) - Police say a man who was assaulting a woman in Yakima is dead after he was struck with a baton or baseball bat as witnesses intervened.    Authorities say the fight happened late Sunday night outside the Connections Transitional Apartments. Officers arrived to find a 57-year-old man who lived at the complex sitting outside with a head injury. He died at a hospital.

    >>
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