Wednesday, January 9, 2013
Congressman Blaine Luetkemeyer told the Greater St. Charles County Chamber that Republicans won't blink in requiring spending cuts in exchange for extending the debt limit.
During a visit to St. Charles County Tuesday, U.S. Representative Blaine Luetkemeyer (R-St. Elizabeth) predicted a "nasty" fight between conservatives and the President over spending cuts and extending the nation's debt ceiling in the weeks ahead. Luetkemeyer's visit marked the first time he's been in St. Charles County since he was sworn in on Jan. 3. Through redistricting, Luetkemeyer, a Miller County Republican, now represents St. Charles County for the first time. This is his third term in Congress; he formerly represented District 9, which used to include a wide swath of Mid-Missouri extending to the St. Charles County border. Luetkemeyer spoke to Chamber members on Tuesday about the upcoming debate over spending cuts, the debt …
Monday, August 8, 2011
All the news you need for Monday, Aug. 8.
Good morning Wentzville! Welcome to the column that will help you get through the day. Every Monday through Friday at 6 a.m., we'll tell you what's going on around town, what you need to know and where the traffic snags might be. Have a suggestion to make Wentzville Patch more helpful? Leave a comment or drop me an email at maggie.rotermund@patch.com.
Saturday, August 6, 2011
Results of the federal spending cap will reach local levels next year, affecting strapped county and city budgets.
Now that the debt-ceiling agreement has been reached, where do budget cuts leave federal, state and local governments? It appears there may be more state and local budget cuts to go along with reduced federal spending for fiscal year 2013, which begins July 1, 2012. Show Me Cuts At the state level, Missouri Watchdog reports that the state is preparing to reduce its fiscal year 2013 budget, although officials project tax revenue will increase by 2 percent. State of Missouri Budget Director Linda Luebbering said the 2013 budget gap is driven by the need to replace $460 million in one-time federal budget stabilization and education funds in her 2013 budget instructions. Darned If We Don’t At the national level, a St. Louis Post Dispatch …
Results of the federal spending cap will reach local levels next year, affecting strapped county and city budgets.
Now that the debt-ceiling agreement has been reached, where do budget cuts leave federal, state and local governments? It appears there may be more state and local budget cuts to go along with reduced federal spending for fiscal year 2013, which begins July 1, 2012. Show Me Cuts At the state level, Missouri Watchdog reports that the state is preparing to reduce its fiscal year 2013 budget, although officials project tax revenue will increase by 2 percent. State of Missouri Budget Director Linda Luebbering said the 2013 budget gap is driven by the need to replace $460 million in one-time federal budget stabilization and education funds in her 2013 budget instructions. Darned If We Don’t At the national level, a St. Louis Post Dispatch …
Tuesday, August 2, 2011
People on the streets of our communities have diverse views on the down-to-the-wire debate in Washington, DC.
After a long debate in Washington, DC political leaders hashed-out a resolution to the debt ceiling problem Sunday night. The Huffington Post reported "President Barack Obama and Republican congressional leaders reached historic agreement Sunday night on a compromise to permit vital U.S. borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts." Patch wanted to know what people in metro St. Louis thought about the debt ceiling debate. We traveled to Main Street in St. Charles, Westport in Maryland Heights and The Loop in University City to seek opinions. More on the debt ceiling Be sure to check out more Patch coverage of the debt ceiling debate:
Monday, August 1, 2011
People on the streets of our communities have diverse views on the down-to-the-wire debate in Washington, DC.
After a long debate in Washington, DC political leaders hashed-out a resolution to the debt ceiling problem Sunday night. The Huffington Post reported "President Barack Obama and Republican congressional leaders reached historic agreement Sunday night on a compromise to permit vital U.S. borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts." Patch wanted to know what people in metro St. Louis thought about the debt ceiling debate. We traveled to Main Street in St. Charles, Westport in Maryland Heights and The Loop in University City to seek opinions. More on the debt ceiling Be sure to check out more Patch coverage of the debt ceiling debate:
Friday, July 29, 2011
Talk of the debt ceiling is all over the news, but what does it all mean? We try and break it down.
On Tuesday, Aug. 2, the United States government has to pay some bills. This however, may be a problem. Right now, the bills for August exceed the revenue. To cover the missing money analysts say the United States needs to make up $134 billion; the government needs to borrow more money and add to the federal deficit. The problem: the United States has reached it's debt ceiling—the maximum amount of debt the country can take on. President Barack Obama has asked the U.S. Congress to raise the debt ceiling so the nation doesn't default on any bills and doesn't see it's credit rating drop, but there is resistance. Just what exactly is going on? We'll try and help you figure it all out. The debt ceiling is a manufactured limit, set by Congress…
A Clayton-based economist predicts how a debt ceiling impasse would affect St. Louis-area residents.
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Friday, July 29, 2011
If a deal to raise the nation’s deficit ceiling is not reached by the Aug. 2 deadline, the sky will not fall — at least right away, said Ben Herzon, a senior economist with Clayton-based Macroeconomic Advisers LLC. “We expect a more benign scenario,” said Herzon of the 28-year-old company that provides national economic forecasting and modeling to investment banks, government agencies, Federal Reserve officials, pension funds, manufacturers and others. (See related on Patch: Debt Ceiling Fight in D.C. Could Raise Local Taxes) Last week, Macroeconomic Advisers provided its clients with an analysis about what it believes would occur if the deficit agreement is delayed one month. The company shared the four-page analysis with Patch. Herzon …
