Lisa's Feed
Jan 17, 2013

U.S. mayors still worried about tax-exempt status of muni bonds

WASHINGTON, Jan 17 (Reuters) – More than two weeks after
U.S. lawmakers reached a budget deal that preserved the tax
exemption on the interest paid on municipal bonds, mayors from
across the country remain worried the exemption could be at
risk.

Muni bonds are critical to local governments, as they are
used to fund project ranging from bridges to schools to
hospitals.

Jan 17, 2013

Report questions U.S. food stamp program’s effectiveness

WASHINGTON, Jan 17 (Reuters) – A report by a panel of
experts released on Thursday questioned whether the U.S.
government’s food stamp program adequately provides for healthy
diets for the more than 47 million low-income people who rely on
the benefit.

The report by the National Academy of Sciences found that
the aid for families to pay for groceries, officially called the
Supplemental Nutrition Assistance Program or SNAP, does not
factor in many barriers to finding affordable, nutritious food
by inner-city shoppers.

Jan 15, 2013

US cities short billions for public pensions-Pew

WASHINGTON, Jan 15 (Reuters) – States are not alone in
racking up massive public pension bills: U.S. cities need
hundreds of billions of dollars to make good on their promises
of retirement healthcare and income to workers.

The Pew Center on the States surveyed 61 cities – the most
populous ones in each of the 50 states, along with those of
populations greater than 500,000 – and found a gap of $217
billion for all retiree promises in fiscal 2009. For pensions
alone, they were short $99 billion.

Jan 15, 2013

US governors still cautious despite improving budgets

WASHINGTON, Jan 15 (Reuters) – The natural gas boom has
brought fortune to Wyoming over the last year and lifted its
revenues beyond expectations, but in his state of the state
address last week, Governor Matt Mead pressed legislators to
cut spending by 6 percent.

Almost all U.S. states, including long-suffering California,
are in a position unthinkable just a few years ago: their
revenues are growing, and some are even running surpluses. But
governors are hesitant to use their states’ windfalls for
spending sprees or massive tax cuts.

Jan 4, 2013

U.S. public schools cut 11,000 jobs in December

WASHINGTON (Reuters) – Local U.S. governments cut jobs for the fourth straight month in December, including 11,000 in public schools, dragging down the nation’s fragile economic recovery, jobs data showed on Friday.

Local government jobs are now at their lowest level since October 2005, with the bulk of the decline coming from layoffs of teachers and other school employees, according to the Labor Department.

Dec 21, 2012

Americans answer D.C.’s siren song of employment, strong economy

WASHINGTON, Dec 21 (Reuters) – Thirteen years ago the band
The Magnetic Fields crooned that the U.S. capital city is “the
greatest place to be,” in the indie love song “Washington, D.C.”

Recently, a growing number of Americans are singing along as
they move to the District in search of jobs, economic
opportunity and cultural attractions.

Dec 20, 2012

Hunger and homelessness rise in U.S. cities: report

WASHINGTON (Reuters) – Across the United States, the number of hungry and homeless people is growing, and budget fights at the federal level are threatening the aid many need to survive, the U.S. Conference of Mayors said on Thursday.

Amidst the holiday season of family feasts and corporate dinners, the mayors released a report that found requests for emergency food assistance rose in 21 out of the 25 cities it surveyed in 2012 and remained at the same level in three. More than half the cities said homelessness increased.

Dec 20, 2012

U.S. states welcome tobacco settlement, bond woes remain

WASHINGTON (Reuters) – A recent deal with tobacco companies will distribute money to 17 states that has been tied up for years, but the funds may only provide short-term relief to underfunded tobacco bonds.

Cigarette makers including Philip Morris USA and R.J. Reynolds Tobacco Co announced this week a settlement with the states in a long-running dispute over the amount of payments they are required to make under the 1998 landmark anti-smoking agreement. On Wednesday, prices for long tobacco bonds rose following news of the settlement.

Dec 17, 2012

In shadow of ‘fiscal cliff,’ Virginia must spend cautiously -gov

WASHINGTON, Dec 17 (Reuters) – Virginia’s governor suggested
on Monday making small changes to the state’s biennial budget,
asking the legislature to bump up spending only slightly due to
risks posed by the federal government’s “fiscal cliff.”

“While the economy has expanded for 13 consecutive quarters,
the pace of the expansion has been quite modest and slower than
traditional recoveries,” Gov. Bob McDonnell told legislators.
“We cannot predict what new tax policies or spending cuts a
federal plan will contain, and if it will even be agreed upon
before our nation goes over the cliff in 14 days.”

Dec 15, 2012

Some Democrats call for action on gun control after Connecticut shootings

WASHINGTON, Dec 15 (Reuters) – A day after the Connecticut
elementary school massacre, a senior congressional Democrat on
Saturday called on U.S. lawmakers to pass sweeping new gun
control measures including banning assault weapons and
high-capacity clips, saying, “Politics be damned.”

Representative John Larson, chairman of the House of
Representatives Democratic Caucus, gave a list of specific
policies he wanted the U.S. Congress to vote on quickly after
the mass shooting in his home state of Connecticut.