WASHINGTON – The Homeland Security Department released from its jails more than 2,000 illegal immigrants facing deportation in recent weeks due to looming budget cuts and planned to release 3,000 more during March, The Associated Press has learned.
The newly disclosed figures, cited in internal budget documents reviewed by the AP, are significantly higher than the “few hundred” illegal immigrants the Obama administration acknowledged this week had been released under the budget-savings [...]
Whether Atwater, California will join the prodigious ranks of Stockton, San Bernardino, and Mammoth Lakes to become the 4th Muni bankruptcy is up for vote on October 3rd (before a $2mm bond payment in November). As Bloomberg notes, the 28,000-strong Merced county town is suffering under the same weight of public employee costs, lost revenue, and a stagnant economy leaving it with a $3.3 million budget deficit. While some put their [...]
White House has diverted $500M to IRS to implement healthcare law
By Sam Baker – 04/09/12 05:15 AM ET
The Obama administration is quietly diverting roughly $500 million to the IRS to help implement the president’s healthcare law.
The money is only part of the IRS’s total implementation spending, and it is being provided outside the normal appropriations process. The tax agency is responsible for several key provisions of the new law, including [...]
From Sovereign Man:
It’s official. Starting October 1, 2012, Singapore will be the best place in the world to store gold.
As a major international financial center, Singapore is rapidly becoming THE place to invest and do business in Asia. Why? Because it’s just so easy. Regulation is minimal, corruption is among the lowest in the world, and the tax structure is very friendly to businesses and investors. With one exception…
Traditionally, physical [...]
The Transportation Security Administration isn’t just in airports anymore. TSA teams are increasingly conducting searches and screenings at train stations, subways, ferry terminals and other mass transit locations around the country…
The TSA’s 25 “viper” teams — for Visible Intermodal Prevention and Response — have run more than 9,300 unannounced checkpoints and other search operations in the last year. Department of Homeland Security officials have asked Congress for funding to add 12 [...]
Mayor Dave Bing to lay off 1,000 Detroit city employees
“Delivering on his pledge to avoid an emergency manager, Mayor Dave Bing said today he will lay off 1,000 employees, implement a hiring freeze and increase his demands on unions to accept 10% pay cuts and deep concessions in health care and pension benefits.”
NYC Cuts Shrink 2013 Budget Gap to $2 Billion From $4.6 Billion
“New York City’s projected 2013 budget deficit [...]
WASHINGTON (AP) — It’s not just millionaires who’d pay more under President Barack Obama’s latest plan to combat the deficit.
Air travelers, federal workers, military retirees, wealthier Medicare beneficiaries and people taking out new mortgages are among those who would pay more than $130 billion in government revenues raised through new or increased fees.
Airline passengers would see their federal security fees double from $5 to $10 [...]
1) Obama Budget Sees US Fed Payments To Treasury Up Slightly In ’11
“WASHINGTON -(Dow Jones)- U.S. President Barack Obama’s fiscal 2012 budget plan projects that the U.S. Treasury will receive slightly more in payments from the U.S. Federal Reserve in 2011, a remittance that could help cut the budget deficit.
The Fed’s income has surged due to a boost in earnings from securities it acquired during [...]