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Tag Archives: deficit

Report shows US deficit to exceed $1 trillion next year

The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this summer, the Congressional Budget Office reported. The return of $1 trillion annual deficits comes despite Trump’s vow when running for office that he ...

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Cochran reaches out to unions, blacks for runoff votes

WASHINGTON — Six-term Republican Sen. Thad Cochran is trying to survive an intense tea party challenge in Mississippi by reaching out to union members and black voters — two groups that traditionally support Democrats. But he risks a backlash from conservatives ready to support his opponent, state Sen. Chris McDaniel. Even as Cochran is running TV ads aimed at conservatives ...

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Cochran, McDaniel exchange jabs on federal spending, deficit

HATTIESBURG — Mississippi’s two Republican candidates for U.S. Senate are beginning to fire directly at each other, even as party officials prepare to make their runoff official. Six-term incumbent U.S. Sen. Thad Cochran visited Forrest General Hospital and the University of Southern Mississippi in Hattiesburg today, highlighting both as programs he’s helped finance. Cochran says it would “dangerous” to elect ...

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Coast city officials wrestle with $600K budget deficit

OCEAN SPRINGS — The city of Ocean Springs is looking at possible fee increase or reductions in spending to address a projected $600,000 deficit in next year’s budget. The Mississippi Press reports City Clerk Shelly Ferguson outlined alternatives for the board of aldermen this week. The board asked Ferguson to come back in April with firm recommendations for it to ...

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County supervisors wrestling with $1.4M deficit

MADISON COUNTY — Madison County supervisors are facing a projected $1.4 million deficit. The Clarion-Ledger reports the potential shortfall is not tied to the county’s general operating fund. President John Bell Crosby says the deficit is directly related to road projects in one form or another. The amount of the deficit is tied to what is remaining on the contracts ...

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Delta Council joins letter to President about deficit reductions

STONEVILLE — Delta Council was a co-signer, along with other national and regional commodity organizations, on a letter to President Obama, Majority Leader Reid, and Speaker of the House Boehner expressing strong opposition to any deficit reduction package that would disproportionately impact American agriculture and rural communities. “We are deeply concerned about any requirements that cuts be implemented for 2012, ...

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Government to report on $1 trillion-plus deficit

WASHINGTON – The Obama administration is set to report Friday that the federal budget deficit exceeded $1 trillion for the second straight year, providing critics of government spending with fresh ammunition ahead of the midterm congressional elections. The Congressional Budget Office is projecting that the deficit for the 2010 budget year that ended Sept. 30 will total $1.29 trillion. That’s ...

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