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Tag Archives: spending

Next round of federal cuts expected to go much deeper

WASHINGTON — It’s not just longstanding battles over taxes and curbing mandatory spending that are obstacles to a year-end pact on the budget. Another problem is a perception among some lawmakers that the automatic spending cuts known as sequestration haven’t ...

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City formalizes $1B school construction plan (access required)

Baltimore’s spending board, the Board of Estimates, on Wednesday approved a memorandum of understanding to formally commence a $1 billion, 10-year school construction and revitalization project.

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Consumer confidence rises in August

WASHINGTON — Americans’ confidence in the economy inched closer to a 5 ½-year high on growing optimism that hiring and wages could pick up in coming months. The Conference Board, a New York-based private research group, said Tuesday that its ...

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Obama warns GOP against shutting down government

BINGHAMTON, N.Y. — Casting an eye toward upcoming budget fights, President Barack Obama on Friday warned Republicans against trying to defund his signature health care law, vowing to protect spending on education, scientific research and America’s infrastructure. Taking questions from ...

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Construction spending up 0.5 percent in May

WASHINGTON — Spending on residential housing rose in May to the highest level in 4½ years, helping to send overall construction spending higher despite a big drop in nonresidential activity. Construction spending rose 0.5 percent in May compared with April ...

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Consumer confidence at five-year high in June

WASHINGTON — Americans’ confidence in the economy rose to its highest level in more than five years, bolstered by a more optimistic outlook for hiring. The Conference Board, a New York-based private research group, said Tuesday that its consumer confidence ...

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