Tag Archives: Budget cuts

D.C., Virginia and Maryland are more frustrated by the sequester budget cuts than Detroit is, rest assured. That’s because these three states combined earn 10 percent of their economy from defense spending annually. This is according to a late February report by Mark Vitner and Michael Brown, both Wells Fargo …

Michigan Governor Rick Snyder today declared what was ultimately the inevitable: Detroit is in a state of fiscal emergency due to the sweeping federal budget cuts that took effect after congress and the White House failed to amend them before today’s deadline. It set the stage for what could potentially …

With the budget gavel upended and ready to be banged on down to officially stamp the 2013 budget, President Obama is asking that congress help him with just a “just a little bit of compromise.” The reason being is that the president and congress are facing sweeping budgets that will …