The 83rd Texas Legislature has convened for its 140-day regular session where it will tackle the state budget, students testing, water issues, health care and hundreds of proposed new laws.
Republican Comptroller Susan Combs on Monday releases her biennial revenue estimate — the crucial number that sets the limit on what lawmakers can spend for 2014 and 2015.
A criminal investigation marred Texas’ signature programs that use taxpayer funds to boost private startups in 2012, and lawmakers this year must decide how much of an appetite they have to keep the money flowing.
Congress didn’t completely fall off the “fiscal cliff,” but they’re still hanging onto the edge. By waiting until the last minute to scrape together a limited bill, Congress sidelined some major fiscal issues they initially sought to resolve before the new year.
Racing the clock, the White House reached a New Year’s Eve accord with Senate Republicans late Monday to block across-the-board tax increases and spending cuts in government programs due to take effect at midnight, according to administration and Senate Democratic officials.
Working against a midnight deadline, negotiators for the White House and congressional Republicans in Congress narrowed their differences Monday on legislation to avert across-the-board tax increases.
U.S. consumer confidence tumbled in December, driven lower by fears of sharp tax increases and government spending cuts set to take effect next week.
As the nation teeters on the edge of the so-called “fiscal cliff,” President Obama returns to Washington Thursday to resume negotiations with Congress over a deal to keep taxes from going up on Americans.
House Minority Leader Nancy Pelosi says a bipartisan deal to avert a “fiscal cliff” is more likely if Democrats and Republicans don’t try to over-reach on spending cuts.
Millions of unemployed Americans have another reason to worry about “fiscal cliff” budget talks that seek to avoid looming tax increases and dire spending cuts come January.
An education expert says Texas is “above average” compared to other states in public-school student performance.
The Washington dealmakers who warn that a plunge off the “fiscal cliff” would be disastrous don’t seem to be rushing to stop it. Why aren’t they panicking?