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Content Tagged As deficit

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  • Economist: State could face up to $200M deficit this year

    June 17, 2016 11:06 AM

    BATON ROUGE - An economist who helps decide Louisiana's state income forecast has delivered grim news to Gov. John Bel Edwards and legislative leaders, saying the state could end up with as much as a $200 million deficit this year. If the expectation pans out, it would worsen state financial... more »
  • No budget bill advancing so far, latest legislative dispute

    June 16, 2016 9:51 AM

    BATON ROUGE - While Louisiana's lawmakers continue to disagree on taxes, the House and Senate also are at odds over how to balance the budget with the dollars they do raise. The fissure risks causing a problematic time crunch in the special legislative session, with a week remaining. The dispute... more »
  • House considering compromise proposal on income tax bill

    June 14, 2016 4:30 PM

    BATON ROUGE - House lawmakers negotiated behind the scenes ahead of a Wednesday vote on a bill to raise more than $100 million in taxes for next year's state budget. The bill, sought by Gov. John Bel Edwards as part of a budget-balancing package, would decrease an income tax... more »
  • House spurns Senate version of next year's $26B budget

    June 3, 2016 4:46 PM

    BATON ROUGE - Lawmakers in the Louisiana House have refused to agree to the Senate's rewrite of next year's $26 billion budget. Instead, the House voted 102-0 Friday to send negotiations over a spending plan for the financial year that begins July 1 behind closed doors, to a six-member... more »
  • Louisiana House moves into second day of budget debate

    May 13, 2016 12:09 PM

    BATON ROUGE - The Louisiana House has resumed its debate on the nearly $26 billion state operating budget proposed for next year. College and health care programs are on the chopping block as lawmakers continue to grapple with how to close a $600 million shortfall in the financial year... more »
  • Budget debate begins Thursday in the Louisiana House

    May 12, 2016 11:51 AM

    BATON ROUGE - Lawmakers in the Louisiana House are expecting a long day as they debate how to craft next year's budget and close a $600 million shortfall. The biggest disagreement for the financial year that begins July 1 centers on whether to prioritize the TOPS free college... more »
  • US current account trade deficit hits $484.1 billion in 2015

    March 17, 2016 8:56 AM

    WASHINGTON- The deficit in the broadest measure of U.S. trade declined slightly in the final three months of 2015, but for the entire year the deficit jumped to the highest level in seven years. The Commerce Department says the deficit in the current account narrowed to $125.3 billion in the... more »
  • New legislative session, same budget problems

    March 14, 2016 6:55 AM

    BATON ROUGE- Louisiana's lawmakers are kicking off a new legislative session, with the same financial problems that have kept the state staggering from one budget crisis to the next. The House and Senate were unable to fully dig out of the budget gaps in a contentious special session on taxes... more »
  • Who could pay? A look at tax bills approved by lawmakers Play Video

    March 5, 2016 4:02 PM

    BATON ROUGE - Lawmakers in the state House and Senate have supported varying measures to change Louisiana's tax laws. Only a few have made it to final passage in a special legislative session that must end Wednesday. Here's a look of what some of the proposals would do and... more »
  • Senators outline budget balancing plan, calls for more taxes

    March 3, 2016 2:14 PM

    BATON ROUGE - State senators have unveiled their plan to rebalance Louisiana's short-term budget gap, seeking to lessen cuts proposed by the House and largely shield public colleges and health services from steep reductions. But the plan requires the House to back $83 million more in taxes than the... more »
  • House and Senate appear in stalemate over budget rebalancing

    March 1, 2016 6:18 PM

    BATON ROUGE - Negotiations over how best to rebalance Louisiana's budget are staying behind the scenes. Lawmakers in the House on Tuesday again stalled votes on tax hikes, as bill sponsors tried to rally enough support for passage. House Speaker Taylor Barras, a Republican, called on lawmakers in his... more »
  • GOP lawmakers in House strike at state government contracts

    February 22, 2016 2:50 PM

    BATON ROUGE - Republicans in the Louisiana House have started shaping their response to state budget problems, taking aim at consulting and professional services contracts. The Appropriations Committee backed bills Monday that would force state contract cuts and require more reporting before deals are struck. The measures, which... more »
  • Students rally at capitol Play Video

    February 19, 2016 6:39 PM

    BATON ROUGE - A small group of college students rallied at the capitol Friday protesting higher education cuts. They demanded state lawmakers take action in the current special session. The rally was completely organized by students, about fifty attended. "I think this is amazing that we were able to turn... more »
  • Lawmakers have yet to settle on budget rebalancing approach

    February 19, 2016 2:46 PM

    BATON ROUGE - As Louisiana's special legislative session nears the end of its first week, no consensus has emerged for how to rebalance the budget. The Senate is in a holding pattern, because most budget and tax bills must begin in the House. And the House hasn't settled on... more »
  • Sin tax likely to increase Play Video

    February 17, 2016 8:00 PM

    BATON ROUGE- Smokers and drinkers could soon pay more for their vices. A number of tax increases were debated at the state capitol Wednesday. These "sin" taxes are on Governor Edwards wish list for tackling the states budget deficit. The increases could come as soon as April. The proposed increases... more »
  • NSU student creates GoFundMe page to help state close budget deficit

    February 17, 2016 6:00 PM

    NATCHITOCHES - A college student at Northwestern State University has devised a creative way to help the state in its efforts to resolve the current Louisiana budget shortfall. Eric Boleyn's effort to pitch in to solving the state's conundrum comes in the form of a GoFundMe page , which... more »
  • Higher education leaders say they're not using scare tactics

    February 17, 2016 2:42 PM

    BATON ROUGE - Higher education leaders are pushing back at suggestions they are inflating the implications of budget cuts on their campuses. Commissioner of Higher Education Joe Rallo told the House Appropriations Committee that public colleges face cuts of at least $70 million before the state budget year ends... more »
  • Income tax overhaul proposed Play Video

    February 15, 2016 8:35 PM

    BATON ROUGE- A number of proposals for a revised income tax system are on the table at the state capitol. It's part of an effort to solve the state's budget crisis. Governor Edwards' administration wants to lower to income taxes for everyone while reducing deductions. In one plan,... more »
  • Budget threats becoming familiar pattern Play Video

    February 12, 2016 6:58 PM

    BATON ROUGE - The current budget brinksmanship is nothing new in Louisiana politics. Less than a year ago, similar doomsday stories were told about the future of higher education and health care. Both then and now, state leaders emphasized those scenarios would play out if taxes were not raised.... more »
  • Louisiana revenue forecasts drop again; Budget gap at $850M

    February 10, 2016 12:23 PM

    BATON ROUGE - Louisiana's budget gap has grown worse, now projected at around $850 million, with only four months remaining to rebalance the spending plan. The state income forecasting panel downgraded tax revenue projections Wednesday, with economists saying collections across nearly all tax types are far lower than expected.... more »
  • Edwards calls special session to raise taxes Play Video

    February 5, 2016 4:20 PM

    BATON ROUGE - State lawmakers will start debating a tax hike next week with Governor John Bel Edwards calling a special legislative session Friday to tackle Louisiana's budget crisis. Lawmakers will go into the special session on Sunday, Feb. 14 and will remain in session until Mar. 9. Edwards... more »
  • Thousands of state workers get raises despite budget gaps

    January 27, 2016 3:16 PM

    BATON ROUGE - At least $8 million in pay raises have been granted to thousands of Louisiana's state workers this budget year, despite the worst financial gaps the state has seen since 1988. The cost of those raises will grow to at least $15 million for the next budget... more »
  • Colleges asked to prepare for $131M possible cut this year Play Video

    January 22, 2016 11:16 AM

    BATON ROUGE - Louisiana's public colleges are being told to prepare for as much as a $131 million cut across campuses in the remaining five months of the state budget year. Gov. John Bel Edwards' chief budget adviser, Commissioner of Administration Jay Dardenne, asked for budget cut proposals in... more »
  • Tax hikes, furloughs, cuts being weighed to balance budget

    January 16, 2016 11:27 AM

    BATON ROUGE - State leaders are rummaging around for ideas to stop the flow of red ink in Louisiana's budget, with a more than $700 million gap to close by June and deeper troubles on the horizon. Gov. John Bel Edwards is expected to start unveiling his "menu of options"... more »
  • Lawmakers urged to raise state sales tax Play Video

    January 13, 2016 7:51 PM

    BATON ROUGE - State lawmakers were told to face the music and raise the sales tax Wednesday. LSU professor Jim Richardson said it's one of the only ways to raise money immediately. Lawmakers have till June to raise $700-$750 million. Otherwise Medicaid, public schools and state colleges could run out... more »
  • US budget deficit rose in December

    January 13, 2016 3:14 PM

    WASHINGTON - The federal budget deficit increased in December and for the third month is running ahead of last year's pace. The Treasury Department says the deficit totaled $14.4 billion in December. That compares to a small surplus of $1.9 billion in December 2014. For the first three... more »
  • US budget deficit rose in December

    January 13, 2016 2:10 PM

    WASHINGTON - The federal budget deficit increased in December and for the third month is running ahead of last year's pace. The Treasury Department says the deficit totaled $14.4 billion in December. That compares to a small surplus of $1.9 billion in December 2014. For the first three months of... more »
  • Governor-elect's adviser warns of 'more dire' budget woes

    December 30, 2015 12:40 PM

    BATON ROUGE - Gov.-elect John Bel Edwards' administration is warning that Louisiana's budget woes are even worse than it had anticipated, with an estimated shortfall of up to $750 million that needs to be closed by the end of June. Jay Dardenne, Edwards' chief financial adviser, told reporters on... more »
  • Louisiana to use $255M short-term loan to finance projects

    December 17, 2015 2:56 PM

    BATON ROUGE - Louisiana will use a $255 million bridge loan to pay for ongoing construction projects, amid deep state budget troubles that could make traditional long-term borrowing more expensive. The Bond Commission and the joint House and Senate budget committee agreed Thursday to use short-term financing to keep... more »
  • Senators seek plan to expand Louisiana's Medicaid program

    December 7, 2015 1:23 PM

    BATON ROUGE- State senators are asking Louisiana's health department to draw up a Medicaid expansion proposal within weeks, as they ready for a new governor who wants to tap into that provision of the federal health care law. Lawmakers have repeatedly rejected Medicaid expansion plans, siding with Republican Gov.... more »
  • Credit agency says La. deficit plan was only 'stop-gap' fix

    December 4, 2015 5:02 AM

    BATON ROUGE- A national credit rating agency says the maneuvers used by Gov. Bobby Jindal and lawmakers to close a $487 million midyear budget gap were only temporary fixes. Fitch Ratings released its analysis Thursday of the work recently done to rebalance this year's $25 billion budget. The assessment was... more »
  • Another $48M taken from roadwork, steered to plug deficit

    November 25, 2015 7:18 AM

    BATON ROUGE- Despite a multibillion-dollar list of transportation needs, Gov. Bobby Jindal has swiped $48 million that would have been used on roadwork to instead plug this year's budget deficit. The maneuver was backed by lawmakers on the joint House and Senate budget committee last week. It received little public... more »
  • Jindal plan to close $487M budget deficit wins approval

    November 20, 2015 1:16 PM

    BATON ROUGE - Lawmakers have agreed to Gov. Bobby Jindal's plan to rebalance the state's budget and close a $487 million deficit. Though members of the joint House and Senate budget committee raised concerns that the patchwork plan would leave a slew of financial problems for a new governor taking... more »
  • More budget cuts coming: New $370M state deficit emerges Play Video

    November 16, 2015 1:14 PM

    BATON ROUGE - The budget hits keep on coming in Louisiana. The state has a $370 million midyear budget deficit, amid oil and gas price drops and lower-than-expected business tax collections. A downgrade of the state's income projections was approved Monday by the Revenue Estimating Conference. Gov.... more »
  • US government records $136.5 billion October budget deficit

    November 12, 2015 2:13 PM

    WASHINGTON - The U.S. government started its new budget year with a deficit in October, although the imbalance was made worse by a calendar quirk. The Treasury Department says the October deficit totaled $136.5 billion, up 12.2 percent from October 2014. In both years, Nov. 1 fell on... more »
  • Council budget hearing scheduled for Thursday afternoon

    November 12, 2015 9:38 AM

    BATON ROUGE- Metro council members are getting ready to take a look at next year's budget proposal. East Baton Rouge Mayor-President Kip Holden unveiled his 2016 budget proposal. The $880.4 million budget includes more money for safety agencies and a pay bump for government employees. On Thursday, Metro... more »
  • Experts expect cuts to state agencies before higher education

    November 3, 2015 7:46 PM

    BATON ROUGE - Cuts for higher education and health care could roll out in three weeks. Governor Jindal's administration has vowed to close the latest budget hole before leaving office in early January. Jindal's plan to plug last year's budget deficit and the mid-year budget deficit will be presented to... more »
  • Louisiana's budget deficit from last year pegged at $117M Play Video

    October 30, 2015 11:00 AM

    BATON ROUGE - Gov. Bobby Jindal's administration has announced the size of last year's budget deficit: $117 million. Lawmakers were told Friday that the gap from the 2014-15 fiscal year was driven partially by higher-than-expected use of tax refunds and credits and anticipated fund transfers that weren't available to... more »
  • Louisiana budget deficit includes $12M gap in fund transfers

    October 1, 2015 3:18 PM

    BATON ROUGE - Louisiana's budget deficit from last year was worsened because $12 million in fund transfers that had been planned to plug holes weren't made. Gov. Bobby Jindal's administration hasn't released the size of the gap from the fiscal year that ended June 30. Numbers will be unveiled... more »
  • Treasurer Kennedy on the state budget deficit Play Video

    September 30, 2015 10:33 AM

    BATON ROUGE- The state budget deficit is looming over lawmakers' heads. A key economist with the state has already told residents to expect cuts before the end of the year. Treasurer John Kennedy stopped by 2une In Wednesday morning to explain the state's financial predicament. "We're spending more money than... more »
  • Tax credit usage helped cause last year's expected deficit

    September 25, 2015 6:50 PM

    BATON ROUGE - Louisiana's expected deficit for last year is driven at least partially by people and businesses cashing in on more tax refunds and credits than anticipated. Commissioner of Administration Kristy Nichols, the governor's chief budget adviser, said Friday it's likely the state closed the books on the... more »
  • Louisiana ended most recent budget year with a deficit

    September 23, 2015 3:47 PM

    BATON ROUGE - Gov. Bobby Jindal's administration is quietly notifying legislative leaders that Louisiana closed the books on the last budget year with a deficit, but the administration isn't saying publicly how deep the problem is. The announcement of the deficit's size is expected in mid-October, when details are... more »
  • State sales tax expansion possible

    September 16, 2015 7:51 PM

    BATON ROUGE - There's talk around the Capitol of expanding a state sales tax for everyday items. Under the Louisiana's constitution things like groceries, gasoline, prescription drugs, and residential electric bills are exempt from a state sales tax. "Those are some of the most stable and consistent purchases consumers make,"... more »
  • US budget deficit drops to $64.4 billion in August

    September 11, 2015 2:05 PM

    WASHINGTON - The federal government ran up a much smaller budget deficit in August than a year ago, remaining on track to record the smallest annual deficit in eight years. The Treasury Department says the deficit in August totaled $64.4 billion, a drop of 50 percent from the same... more »
  • 'Snakes' in the Capitol Play Video

    June 9, 2015 8:06 PM

    BATON ROUGE- The session is nearly over which means special groups known as conference committees begin to form. Those are special committees where important bills go to get hashed out, but can also be the catalyst for legislative mischief. "This is the time of the year when the 'snakes'... more »
  • Veto session possible Play Video

    June 5, 2015 7:48 PM

    BATON ROUGE - Not once in modern history has a Louisiana governor vetoed the budget, but that might happen if lawmakers aren't willing to play ball. Governor Bobby Jindal has said he's willing to veto the budget if lawmakers don't give him the tax breaks he wants to offset the... more »
  • Budget, movies, taxes on Monday's session agenda

    June 1, 2015 8:45 AM

    BATON ROUGE- The state budget is a top priority at the Capitol Monday. The Senate Finance Committee was in session on Saturday trying to get some work done on the state budget. The state is in a $1.2 billion hole. So far, lawmakers have managed to close the gap... more »
  • Louisiana House to complete budget work on Thursday

    May 21, 2015 8:35 AM

    BATON ROUGE- The Louisiana House is expected to finish its work on next year's $24 billion budget Thursday. Lawmakers have spent the last few days deciding what programs to cut. Healthcare is likely to take the brunt of the reductions, as lawmakers hurry to protect public colleges and universities.... more »
  • Analysis: Jindal's presidential motivations

    May 15, 2015 9:15 PM

    BATON ROUGE- Almost anyone who follows politics assumes Governor Jindal will run for president. Some are calling it "the worst kept secret in Louisiana." Jindal's staff has said the governor will announce whether or not he's running after Louisiana's legislative session ends in June. However, his chances of winning... more »
  • Analysis: Jindal's presidential motivations

    May 15, 2015 7:22 PM

    BATON ROUGE- Almost anyone who follows politics assumes Governor Jindal will run for president. Some are calling it "the worst kept secret in Louisiana." Jindal's staff has said the governor will announce whether or not he's running after Louisiana's legislative session ends in June. However, his chances of winning... more »
  • Film tax credit fight nears Play Video

    May 6, 2015 8:09 PM

    BATON ROUGE- Mayor Kip Holden made an impassioned defense of the state film tax credit at a press conference that unveiled more films to be shot in Baton Rouge. "This industry is too important to shut the door on people who need jobs, can do these jobs, and can... more »
  • Film makers: no tax credit, no movie business Play Video

    February 16, 2015 7:11 PM

    BATON ROUGE- Louisiana movie makers say rolling-back the film industry's tax credit could kill the business. The Jindal administration wants to reduce tax exemptions to help with next years $1.6 billion budget deficit, and it's focusing on film makers. Higher education and health care are expected to take big... more »
  • Deficit-closing plan from Gov. Jindal delayed to Feb.

    January 29, 2015 12:44 PM

    BATON ROUGE - Gov. Bobby Jindal's administration has pushed back to mid-February the release of its proposal to close a $103 million budget deficit. Jindal administration spokeswoman Meghan Parrish said Thursday that the proposal to rebalance this year's $25 billion budget will be presented to lawmakers at a Feb. 20... more »
  • Jindal quiet about higher ed cuts Play Video

    January 27, 2015 6:47 PM

    LAFAYETTE- Big cuts are on the way for higher education, but Governor Bobby Jindal isn't saying much about what those cuts will look like. "It's too early to speculate," said Jindal, "certainly the agencies are looking for every opportunity to be more efficient. Everything's on the table." Tuesday... more »
  • New $103M midyear deficit because of oil price plummet

    January 26, 2015 4:31 PM

    BATON ROUGE - Louisiana has a more than $103 million deficit to close in its $25 billion budget because of the continuing fall in oil prices. And next year's budget shortfall now reaches $1.6 billion. The state's budget troubles deepened Monday with the adjustments of the state's income forecasting panel,... more »
  • State lawmakers tight-lipped on spending cuts Play Video

    January 16, 2015 6:38 PM

    BATON ROUGE- State lawmakers are bracing for a hard hitting budget proposal from Governor Jindal's office next month. With an estimated $1.5 billion dollar hole in next years budget, legislators are left with some tough decisions. The governor already put higher-education on the chopping-block, proposing up to $300 million... more »
  • Cuts likely after utility rate hike veto Play Video

    January 13, 2015 10:19 PM

    BAKER - For the third time Tuesday night, the Baker City Council voted down a proposal to raise water and sewer rates to off-set a budget deficit. Nearly a dozen residents spoke on the issue; some said they were concerned about how the money would be spent if the... more »
  • Jindal administration working to close budget gap

    December 11, 2014 12:10 PM

    BATON ROUGE - Gov. Bobby Jindal's administration has started sifting through agency budget proposals as it works on a plan to close next year's $1.4 billion shortfall. But Commissioner of Administration Kristy Nichols says the hole isn't quite as large as it appears. About $200 million is tied to inflationary... more »
  • Job cuts, fund sweep used to close budget gap Play Video

    November 21, 2014 3:06 AM

    BATON ROUGE - Governor Bobby Jindal's administration plans to use a combination of hiring freezes, open position cuts and extra funds such as TOPS money to fill a $180 million gap in the state's budget. Commissioner of Administration Kristy Nichols said the plan reduces costs across state agencies while... more »
  • La. tax amnesty program estimates raising $169M

    November 20, 2014 2:53 PM

    BATON ROUGE - Louisiana's latest amnesty program for delinquent taxpayers is expected to bring in $169 million. That's more than lawmakers included in this year's budget, but not enough to close a midyear deficit that has emerged since then. The Department of Revenue announced the tax amnesty program's projected haul... more »
  • US pension insurer ran record $62B deficit in 2013

    November 17, 2014 11:07 AM

    WASHINGTON - The federal agency that insures pensions for about 41 million Americans saw its deficit nearly double in the latest fiscal year. The agency said the worsening finances of some multi-employer pension plans mainly caused the increased deficit. At about $62 billion for the budget year ending Sept. 30,... more »
  • Lawmakers wait for answers on budget surplus question Play Video

    October 17, 2014 6:28 PM

    BATON ROUGE - State lawmakers have decided to put the budget numbers in the hands of the auditors after taking no action at the joint budget committee meeting Friday. Whether the state ended its year with a budget surplus or deficit depends is unresolved, so the committee decided to... more »
  • Credit agency calls canceled amid surplus dispute

    October 13, 2014 3:20 PM

    BATON ROUGE - Treasurer John Kennedy says updates with the state's credit rating agencies were delayed because of questions about whether Louisiana ended its last budget year with a surplus or a deficit. Gov. Bobby Jindal's top budget adviser, Kristy Nichols, says the state closed its books with a $179... more »
  • Budget axe swings, takes out police and fire positions Play Video

    July 22, 2014 10:25 PM

    BAKER - Six positions were cut from the city of Baker's budget Tuesday, two firefighters and four police officers. The cuts will help balance the budget that had a near million dollar deficit. The move was approved by the council when it backed the balanced 2014-2015 budget. "We're... more »
  • TSA fees set to increase Play Video

    July 22, 2014 10:40 AM

    WASHINGTON, D.C. - If you thought your last flying experience was bad, it could be getting worse. The TSA is set to double and even triple the fees you pay to fly. The raised prices were mandated by Congress and will automatically be added when you book your flight.... more »
  • Budget cuts push cops to look for new jobs

    May 30, 2014 10:16 PM

    BAKER - Baker police officers have applied for new jobs with citywide budget cuts possibly coming soon. Two full-time patrol officers have already been cut from the Baker Police Department, and Baker Police Chief Mike Knaps believes more cuts are on the horizon. The department's questionable future has some... more »
  • Louisiana public defenders struggle financially

    May 12, 2014 2:26 PM

    BATON ROUGE - More than 40 percent of Louisiana's public defender offices ran deficits last year as they struggled to come up with enough money to handle the cases of people too poor to afford their own attorneys. That was the finding of an annual report released Monday. ... more »
  • Rising tax revenue shrinks deficit

    August 6, 2013 7:30 PM

    WASHINGTON- Higher tax receipts helped shrink the federal deficit to less than half of what is was a few years ago but that's a double-edged sword according to economists. The shrinking deficit will shape the debate in Congress next month to continue, end or modify billions of dollars in automatic... more »
  • Report says immigration bill cuts deficit

    June 18, 2013 4:36 PM

    WASHINGTON - The Congressional Budget Office says a sweeping immigration bill before the Senate would cut deficits by $197 billion over 10 years. The bill would add $262 billion in new spending and tax credits over 10 years, a sum more than covered by $459 billion in increased revenues, according... more »
  • District faced with teacher layoffs Play Video

    April 17, 2013 5:48 PM

    ST. FRANCISVILLE- A number of West Feliciana Parish School System employees were told this week that they were being laid off. At least 14 employees, mostly teachers, received layoff notices effective at the end of the school year. Next year the district is facing a $1.5 million deficit.... more »
  • Obama: Budget shrinks deficits and expands economy

    April 10, 2013 10:18 AM

    WASHINGTON - President Barack Obama is sending Congress a $3.8 trillion spending blueprint that strives to achieve a "grand bargain" to tame runaway deficits. It would raise taxes on the wealthy and trim popular benefit programs including as Social Security and Medicare. The president's budget projects deficit reductions of $1.8... more »
  • Animal shelter could close in Ascension

    March 4, 2013 7:51 AM

    SORRENTO - The Ascension Parish Animal Control Center could be closed if parish officials determine they can't continue to swallow $177,000 in deficit costs each year. The parish operates the control center with a six-person staff on call 24 hours a day to pick up aggressive and injured animals. The... more »
  • Obama stands his ground on fiscal debates

    January 22, 2013 6:56 AM

    WASHINGTON - President Barack Obama devoted one word - "deficit" - to the issue that brought Washington to the brink of fiscal crises time and again during his first term. But it was the paragraph that followed in his inaugural address that foreshadowed what's to come - more hard bargaining... more »
  • Fiscal cliff averted but taxes rise for all Play Video

    January 2, 2013 5:57 PM

    BATON ROUGE - Lawmakers reached a deal last night in Washington, averting the fiscal cliff, which included tax hikes for the middle class. The deal did not include an extension of the payroll tax cut. Beginning January 1st, one tax went up for everyone. It's a two percent increase... more »
  • Moody's pressures Congress to deal with deficit

    January 2, 2013 3:42 PM

    WASHINGTON- Moody's Investors Service says Congress must go beyond its deal this week and come up with a plan to shrink the budget deficit if it wants to keep the U.S. government's top credit rating. The credit rating agency says in a statement that it expects lawmakers in the coming... more »

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