December 3, 2010 |
A majority of members of the bipartisan deficit commission are expected to endorse the panel's final recommendations Friday morning, though likely fall short of the supermajority required to guarantee a vote in the Congress. The commission, created in February by President Obama to offer a blueprint for austerity measures and reforms with the goal of slashing the deficit in half this decade, released its final report Wednesday after months of deliberations of the 18 members. Of that number, it appeared 11 were set to endorse the plan, while five have publicly committed to rejecting the recommendations and others remained undecided.
December 3, 2010 |
President Obama's deficit reduction commission fell a few votes shy of the number needed to send its proposal to Capitol Hill for action, but still received enough bipartisan support to raise hopes that political leaders are girding to tackle the nation's gargantuan debt. The commission's final report, with the cinematic title, "The Moment of Truth," won the backing of 11 out of 18 members ? three short of the supermajority required under the executive order that Obama signed in February when he created the panel.
December 2, 2010 |
A proposed final report by President Obama's deficit commission warned Wednesday of a fiscal "reckoning" unless major sacrifices are made, but may fail to spur lawmakers to action without support from many msembers of the bipartisan panel in an upcoming vote. The report, ominously titled "The Moment of Truth," immediately drew the support of half of the 14 members needed to move it to Congress for consideration. Only one member ? Rep. Jan Schakowsky (D-Ill.) ? said she would vote against it, while most others said they needed additional time to decide.
December 1, 2010 |
The bipartisan debt commission issued its final report Wednesday, warning that without the sacrifices it calls for, a fiscal "reckoning will be sure and the devastation severe. " Based on an initial blueprint offered Nov. 10 by the panel's co-chairmen, former Republican Sen. Alan Simpson and former Clinton administration chief of staff Erskine Bowles, the budget blueprint outlines steps that, when taken together, would slash the federal deficit by $828 billion by 2015. "Even after the economy recovers, federal spending is projected to increase faster than revenues, so the government will have to continue borrowing to spend," the report states.
October 9, 2010 |
A sharp falloff in local-government payrolls, mostly at public schools, added an ominous new weight to the depressed labor market last month as the American economy lost 95,000 jobs and the unemployment rate remained at 9.6%. In the last monthly employment report before the Nov. 2 midterm elections, which many see as a referendum on the economy, the Labor Department said Friday that private employers added just 64,000 jobs in September ? not nearly enough to offset the large cuts in public payrolls.
August 3, 2010 |
Stimulus money is going toward iPods for high school students in Utah, cellphones for smokers trying to quit in Washington and advertising devoted to the promotion of … the stimulus. The findings are part of a 74-page report put out by a pair of Republican senators who contend the $862-billion program is fraught with needless spending. "There is no question job creation should be a national priority, but torrential, misdirected government spending is not the way to do it," reads the introduction, signed by Republican Sens.
CALIFORNIA | LOCAL
June 9, 2010 |
The federal government Tuesday ended its 180-day test of a controversial departure route from Santa Monica Municipal Airport that resulted in thousands of noise complaints from densely populated neighborhoods along the flight path. The Federal Aviation Administration's experiment, which began Dec. 10, directed departing propeller planes to turn right over the neighborhoods of Sunset Park and Ocean Park when flying under instrument flight rules, such as during foggy or cloudy weather.
March 28, 2010 |
For the second consecutive spring, Ronald Belisario reported to camp late because of visa problems — and this spring, he was five weeks late. Belisario refused to speak to reporters when he arrived from his native Venezuela at the Dodgers' spring training complex Saturday, saying he would wait until Sunday morning to do so. "I'm hungry," he said. "I'm tired." Anticipating the arrival of their hard-throwing reliever, the Dodgers placed him on the restricted list Friday, meaning they can leave him in extended spring training for as many as 30 days and remove him from the 40-man roster without the risk of losing him on waivers.
CALIFORNIA | LOCAL
January 20, 2010 |
As federal authorities prepare to close out a 16-month investigation of the deadly Chatsworth Metrolink disaster, a key issue remains in dispute: What color was the fateful final signal? The only eyewitnesses to come forward publicly have maintained that the light was green as Metrolink 111 barreled toward a head-on crash with a Union Pacific freight train. And the conductor of the train told investigators that he radioed the Metrolink engineer before leaving Chatsworth station that the signal was green and the train was clear to proceed, records show.
CALIFORNIA | LOCAL
September 30, 2009 |
Earlier this year, L.A. County probation officials vowed to fix their system for billing parents of youth in detention after supervisors questioned why the agency had mistakenly billed low-income and foster parents. Supervisors gave a group of probation and other county officials three months to propose changes, but six months later a plan has yet to be presented. Probation officials declared a moratorium on new probation billing Feb. 13 after questions were raised by The Times and children's advocates about improper billing.