Budget Crisis

The Federal Reserve Building is seen in Lower Manhattan in New York.(Photo credit: TIMOTHY A. CLARY/AFP/Getty Images)

Bank Executives, Treasury Department Officials Meet At Federal Reserve To Discuss Debt Ceiling

The Treasury invited 20 of the largest banks to a meeting to discuss an upcoming quarterly auction of government debt.

2011/07/29

New Jersey State House - Trenton, NJ - File Photo

NJ Assembly Continues Review Of Gov. Christie’s Budget Cuts

An Assembly panel will gather Wednesday to hear how a $10 million cut in funding to legal services for low-income residents will affect those who can’t afford to hire a lawyer.

2011/07/25

NJ Gov. Chris Christie (credit: Jessica Kourkounis/Getty Images)

Gov. Chris Christie Touts Tax Relief As NJ Lawmakers Review Budget Cuts

Christie said his budget doubles a property tax relief program for seniors and spends $90 million more on a program that freezes seniors’ property taxes.

2011/07/22

New Jersey Seniors To Discuss Budget Cuts With Assembly Budget Committee

Nursing homes lost about $30 million in aid. A program that helped keep the aged, blind and disabled population out of managed care was cut by $11 million.

2011/07/21

Democrats In New Jersey Assembly To Examine Gov. Christie’s Budget Cuts

Democrats say cuts made by the Republican governor before signing a $29.7 billion budget disproportionately hurt the poor and middle-class.

2011/07/19

Generic Police Photo (credit: Clipart.com)

Report: Crime On The Rise In Camden Following Police Layoffs

An analysis of crime data finds violent crime was up 13 percent from Jan. 1 through June 20 compared with the same period a year ago.

2011/07/11

Gov. Chris Christie (file / credit: Tim Larsen / Governor's Office)

Political Battle Expected Over NJ Budget

Republicans led by Gov. Chris Christie want to hold the line on spending and taxes. Democrats led by legislative leaders in the Senate and Assembly want to restore funding to the state’s most needy citizens and fully fund public education, and they want the state’s wealthiest taxpayers to shoulder more of the costs.

2011/06/26

Yonkers Running Out Of Time To Close Budget Gap, Avoid Fiscal Crisis

In New York’s fourth largest city, the budget crisis is so severe that there has been talk of a state takeover. Rescue talks in Yonkers are going down to the wire.

2011/06/01

Mayor Michael Bloomberg is seen across from Lower Manhattan - Brooklyn, NY - Mar 14, 2011 - Photo: Spencer T Tucker / Mayor's Office

Bloomberg Lashes Out At State Budget

Mayor Michael Bloomberg says the new state budget unfairly singles out the city and makes it impossible to prevent layoff and cuts in services.

2011/04/03

Nassau County Executive Edward Mangano (credit: Photo/Mona Rivera)

Nassau County Exec Plans Layoffs, Furloughs Amid Budget Woes

Edward Mangano’s proposal includes over $60 million in employee-related cuts, and would impose a 13-day unpaid furlough for county workers.

2011/03/23

Governor Chris Christie (Governor's Office/Tim Larsen)

Gov. Christie Delivers Ultimatum In Staunch Budget Speech

Chris Christie’s second annual state budget address will likely ruffle feathers and bolster his reputation among his supporters as a fiscal conservative.

2011/02/22

Eye On New York: On The 2012 Budget

In this Eye on New York segment, CBS 2’s Don Dahler breaks down the 2012 budget and political reporter Marcia Kramer interviews Congressman Charles Rangel.

2011/02/20

Gov. Andrew Cuomo walks in the Hall of Governors at the Capitol in Albany, N.Y. (AP Photo/Mike Groll)

Gov. Cuomo Livid About ‘Sham’ Budget Process

There was a dramatic revelation from Gov. Cuomo on Monday – there have been secret budget rules that for decades have padded funding for special interests and helped push state finances into the red.

2011/01/31

Protesters call for extension of unemployment benefits on Varick Street on Nov. 12. (Photo/Ginny Kosola, WCBS 880)

States May Face Worse Budget Problems

On the billions of dollars states borrowed from the federal government to pay unemployment benefits during the recession, $1.3 billion in interest was coming due this Fall.

2011/01/15

Cuomo Among New Govs Taking Office Amid Historic Budget Crisis

New York’s incoming governor, Democrat Andrew Cuomo, says he won’t raise taxes even though he will inherit a budget deficit of at least $9 billion when he takes office in January.

2010/12/20

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