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.>>
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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.>>
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    Obama says stimulus bill saved troubled economy

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    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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  • PHOTOS: Northern Lights dazzle across the region

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    Sunday, May 28 2017 9:28 PM EDT2017-05-29 01:28:09 GMT

    KHQ.com - If you were up late Saturday night and looking up at the sky, you were treated to a beautiful light show courtesy of Mother Nature. Independence Day fireworks are still about a month away, but Saturday's Northern Lights display was just as dazzling. Several of you shared your photos with us. Click through the slide show above to see some of the photos sent to us.

    >>

    KHQ.com - If you were up late Saturday night and looking up at the sky, you were treated to a beautiful light show courtesy of Mother Nature. Independence Day fireworks are still about a month away, but Saturday's Northern Lights display was just as dazzling. Several of you shared your photos with us. Click through the slide show above to see some of the photos sent to us.

    >>
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    Sunday, May 28 2017 2:16 PM EDT2017-05-28 18:16:56 GMT

    BROOKHAVEN, Miss. (AP) - Authorities say a shooting spree that left eight people dead in Mississippi began with a call regarding a domestic dispute.      The Mississippi Bureau of Investigation said in a news release Sunday that three female victims and a Lincoln County sheriff's deputy were killed. 

    >>

    BROOKHAVEN, Miss. (AP) - Authorities say a shooting spree that left eight people dead in Mississippi began with a call regarding a domestic dispute.      The Mississippi Bureau of Investigation said in a news release Sunday that three female victims and a Lincoln County sheriff's deputy were killed. 

    >>
  • Trial set for former high school science teacher accused of lewd conduct

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    Sunday, May 28 2017 3:38 PM EDT2017-05-28 19:38:26 GMT

    COEUR D'ALENE (AP) - A late summer trial is scheduled for a former Lake City High School science teacher who faces lewd conduct charges.      The Coeur d'Alene, Idaho, Press reports that a two-week jury trial is scheduled to begin Aug. 26 for Jeffrey Kantola. Kantola is charged with lewd conduct with a minor under the age of 16. The felony charges can carry up to 15 years in prison.

    >>

    COEUR D'ALENE (AP) - A late summer trial is scheduled for a former Lake City High School science teacher who faces lewd conduct charges.      The Coeur d'Alene, Idaho, Press reports that a two-week jury trial is scheduled to begin Aug. 26 for Jeffrey Kantola. Kantola is charged with lewd conduct with a minor under the age of 16. The felony charges can carry up to 15 years in prison.

    >>
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