Lisa's Feed
Nov 8, 2011

U.S. appeals court backs Obama healthcare law

WASHINGTON, Nov 8 (Reuters) – President Barack Obama’s
signature healthcare law got a boost on Tuesday when a U.S.
appeals court agreed with a lower court that dismissed a
challenge and found the law’s minimum coverage requirement was
constitutional.

The U.S. Appeals Court for the District of Columbia Circuit
upheld a lower court ruling that had found it constitutional to
require Americans to buy healthcare insurance coverage by early
2014 or face a penalty and had dismissed a lawsuit challenging
it.

Nov 3, 2011

Pockets of poverty grow in the United States

WASHINGTON (Reuters) – The problem of poverty became more acute in many U.S. neighborhoods in the Midwest and South over the last decade, threatening schools, safety and public health, while raising costs for local governments, according to a study released on Thursday.

The Brookings Institution, an independent research group, found the populations of extreme poverty neighborhoods grew by one-third over the last 10 years.

Nov 3, 2011

Pockets of poverty grow in the United States: study

WASHINGTON (Reuters) – The problem of poverty became more acute in many U.S. neighborhoods in the Midwest and South over the last decade, threatening schools, safety and public health, while raising costs for local governments, according to a study released on Thursday.

The Brookings Institution, an independent research group, found the populations of extreme poverty neighborhoods grew by one-third over the last 10 years.

Oct 31, 2011

Rocky revenue stirs up Colorado tax debate

WASHINGTON (Reuters) – Colorado voters on Tuesday will decide a ballot proposition that entwines two tax issues currently dominating the U.S. presidential contest: flat rates and increases.

Colorado is one of seven states with a flat income tax, according to the Federation of Tax Administrators. Proposition 103 on its ballot would raise the rate to 5 percent from 4.63 percent of income and hike the sales tax to generate $2.9 billion in revenue over the next five years for education.

Oct 20, 2011

Poverty rates up in most U.S. states, cities: Census

WASHINGTON (Reuters) – The ranks of the poor rose in almost all U.S. states and cities in 2010, despite the end of the longest and deepest economic downturn since the Great Depression the year before, U.S. Census data released on Thursday showed.

Mississippi and New Mexico had the highest poverty rates, with more than one out of every five people in each state living in poverty. Mississippi’s poverty rate led, at 22.4 percent, followed by New Mexico at 20.4 percent.

Oct 18, 2011

Exclusive: Doing less with less – U.S. counties cut spending

WASHINGTON (Reuters) – Counties across the United States are slashing spending and making long-term changes to their budgets as federal and state governments pull back on aid, according to a survey to be released on Wednesday.

“Although most financial analysts believe that the recession ended more than a year ago, local economies affecting county governments continue to struggle toward recovery,” the National Association of Counties found in its survey of 233 counties in 38 states.

Oct 14, 2011

More attacks likely against tax breaks for U.S. munis

SAN ANTONIO, Texas, Oct 14 (Reuters) – Legislative strikes
against the tax exemption associated with U.S. municipal bonds
are not likely to end soon, but will probably come in a variety
of forms, according to analysts and lawyers.

“Let me assure you that, very unfortunately, reports of the
demise of the 28 percent cap are greatly exaggerated,” said
Victoria Rostow, director of governmental affairs for the
National Association of Bond Lawyers at an association meeting
on Thursday.

Oct 10, 2011

Late financial reports dog U.S. localities

WASHINGTON, Oct 7 (Reuters) – States, cities, counties and
others who sell debt in the $3.7 trillion U.S. municipal bond
market continue to struggle with providing prompt financial
information to the public.

A report by Merritt Research Services released on Thursday
found it took an average of 141.3 days for municipal bond
issuers to complete audited financial reports for fiscal 2010,
which ended for most in June 2010. That was only a slight dip
from the average of 141.6 days in fiscal 2009.

Oct 7, 2011

Late financial reports dog U.S. localities: report

WASHINGTON (Reuters) – States, cities, counties and others who sell debt in the $3.7 trillion U.S. municipal bond market continue to struggle with providing prompt financial information to the public.

A report by Merritt Research Services released on Thursday found it took an average of 141.3 days for municipal bond issuers to complete audited financial reports for fiscal 2010, which ended for most in June 2010. That was only a slight dip from the average of 141.6 days in fiscal 2009.

Oct 4, 2011

Obama plan seen sparking 400,000 education jobs

WASHINGTON (Reuters) – President Barack Obama’s latest economic plan could save or create up to 400,000 education jobs, the White House said on Tuesday as Obama pushed his $447 billion plan to revive the economy.

Obama’s proposed American Jobs Act would provide $30 billion for state and local efforts to retain, rehire and hire educators, supporting 392,400 jobs, according to projections released by the Education Department and White House Council of Economic Advisers.