Other than to suggest efficiencies that might save a few million here or there, Mr. Bloomberg had little to say about his dominant headache of the moment: how to resolve a budget deficit of about $4 billion.
The governor is applying buzz-saw budgeting to resolve an $11.5 billion deficit.
That leaves three career politicians short on dynamism arguing about how to resolve a $3 billion budget deficit.
California began its new fiscal year today living on borrowed time and borrowed money as state officials remained locked in a seemingly unending dispute over how to resolve a record $38 billion deficit.
DETROIT, Oct. 1 — Michigan's government resumed full operations on Monday morning after lawmakers approved two tax increases and gave themselves an extra month to resolve a $1.75 billion budget deficit.
The Elgin district is not the only one sweating the uncertainty of how the state is going to resolve a $13 billion budget deficit, or whether it will find money to pay the more than $800 million it owes districts for the 2009-10 school year.
The move by the rating agency came only hours after Governor Arnold Schwarzenegger warned that his state is headed toward a 'financial Armageddon', and will be out of cash by February if the state's legislators do not resolve a conflict over the budget deficit.
The Department of Health said it expected parts of the NHS to work together to resolve any deficits.
There will be some difficult issues ahead for Labour to resolve: the deficit reduction path, immigration caps, Trident, a European referendum, the 50p tax rate, making a reality of the localism agenda.
If the country experiences a major economic setback as a result of the inability of Congress and the administration to resolve the deficit dilemma, Obama will not emerge with clean hands.
