tinyfav.com
tinyfav.com October 22, 2017


Wolf Sees Downgrade Without Budget Deal Soon

22 September 2017, 12:51 | Lucy Hill

MATT ROURKE AP

MATT ROURKE  AP

Senate Republicans shot back saying they agree with S&P's concerns about fiscal stability.

The downgrade means Pennsylvania will pay more to borrow money, potentially tens of millions of dollars a year.

The budget bill also seeks a $1 billion lump-sum payment by selling rights to a portion of the state's tobacco settlement fund, which now receives about $350 million per year. "In light of the downgrade, we believe it would be beneficial for quick agreement and concurrence in special fund transfers to help the treasurer expedite cash flow while we work on the remainder of the budget-related bills".

The Senate will take up a house proposal that was passed lat week, which would take money from PennDOT and the E.P.A's coffers that are not being used.

In response to the downgrade today, Wolf called for swift action to complete the state budget.

"This credit down grade need not, and should not have happened". Wolf wants higher taxes on home heating gas, cellphone bills, etc.

Hurricane Maria headed towards the Caribbean
Gusty winds of at least 50 miles per hour, with rain , are projected for Tuesday and Wednesday, which could cause flight delays. Hurricane Jose will meanwhile pass about 200 miles from the mid-Atlantic coast Monday, bringing some rain to Maryland.

Jaitley attacks Rahul, calls dynasty politics a 'burden'
Gandhi said, adding that the PM was trying to deflect attention from the core question of jobs. "We also agree on GST. Because many people are anxious and angry with the Congress party with the unemployment issues.

Russian airstrike wounds coalition forces in Syria
The military base is seen as a valuable asset for the Syrian army as it presses its campaign against Islamic State in Deir al-Zor province.

"No doubt some Republican legislators and some advocates will say that the real cause of the budget deficit is overspending".

"In reaching a final resolution, the budget must be balanced for this year and next", leaders said in a statement. And it is true that there is always two sides to a budget deficit.

Democratic Gov. Tom Wolf supports a revenue plan passed by the Republican-controlled Senate in July.

Pennsylvania has been without an operational budget since June, when the Republicans adopted a bipartisan spending plan of almost $32.0 billion. And the reason for their reluctance to cut spending is quite obvious - the public will not stand for it because investing in our communities is what's best for Pennsylvania.

They said the Treasury should let the state keep spending despite the funding gap, because "revenue is still coming in". It went nowhere in the General Assembly because Republicans can never raise taxes, even to pay off the debt they created. Perhaps the clanging of the sword will awaken the many responsible Republican legislators in both the House and Senate and lead them to demand serious action to resolve the budget crisis quickly and reasonably. Neither has a say in approving the state budget.



Other News

Trending Now

US Will Stay in Paris Climate Agreement After All
Staying in the accord is not out of the realm of possibility if that happens, as the Secretary of State said on Sunday, Sep.17. Under the pact, the U.S. had committed to reducing greenhouse gas emissions by 26-28 percent below its 2005 level by 2025.

Mobile Call Connect Charges Slashed By Nearly 60%. How It Affects You
Telecom Regulatory Authority of India (Trai) said that the termination charge will be completely eliminated from January 1, 2020. The debate over the charge was revived in August past year , when Trai issued a consultation paper proposing to review it.

Zapad-2017: Russian helicopter accidentally fires rocket at onlookers
It said the accident happened Sunday or Monday, and that the video was provided by an unidentified witness. Rockets were also fired at mock targets, exploding into fire and smoke as officials watched on.

Auburn's QB dismissed from team
In 2015 he started five games in the middle of the season, becoming the first Auburn QB to start an SEC game since 1999. White recently returned from a two-game suspension but the reason for the suspension wasn't made clear to the public.

South Carolina WR Samuel sidelined with leg injury
In a disappointing 23-13 home loss to Kentucky , Gamecocks junior Deebo Samuel suffered a broken leg. USC coach Will Muschamp told reporters after the game that Samuel will miss the rest of the season.

Reason why you should reconsider your decision of buying iPhone X
This means that the 64GB variant of iPhone X will be priced at Rs 89,000 while the 256GB variant is priced at Rs 1,02,000. What is perhaps more staggering is the fact that Apple's CEO, Tim Cook , considers this to be a "value price".

Trump to hold first United Nations reform meeting in NYC
On Monday, Trump is set to address a USA -sponsored event on reforming the 193-member organization he has sharply criticized . Now, his White House wants to work with its members on North Korea .

Tom Brady & Patriots easily defeat Saints 36-20
With the loss of Julian Edelman and Danny Amendola' injury last week, New England's aerial attack is out of order. This matchup is yet another area where the Saints probably looked at last week's game for guidance.

SEC reveals company filings system was hacked past year
Securities and Exchange Commission's Edgar filing system occurred past year , the regulator said in a statement . The breach occurred because of a software vulnerability in Edgar, the SEC said in its statement .

Problems And (Roy) Moore Problems For Mitch McConnell
These results are pretty consistent with the results of the initial primary, in which Moore outpolled unusual by six points. The victor of next weeks Republican runoff will meet Democrat nominee Doug Jones in a December special election.