State budget cuts loom large for elderly
March 14th, 2011
09:27 AM ET
3 years ago

State budget cuts loom large for elderly

New York (CNNMoney) - For the elderly, state budget cuts could mean no more daily hot meals and exercise classes to help prevent falls. At worst, some could even lose their beds at the nursing home.

These and other lifelines for seniors may disappear as governors and lawmakers slash spending to close an estimated $112 billion in budget shortfalls, advocates say.

FULL STORY

Filed under: Budget
Christie reacts to downgraded New Jersey credit rating
February 9th, 2011
04:31 PM ET
3 years ago

Christie reacts to downgraded New Jersey credit rating

NEW YORK (CNNMoney) - Standard & Poor's lowered its credit rating on New Jersey's debt to AA- from AA, citing concerns about its massive retirement obligations.

"The lower rating reflects our concern regarding the stresses from the state's poorly funded pension system, substantial post-employment benefit obligations, and above-average debt levels," said Standard & Poor's Credit Analyst Jeffrey Panger.

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Filed under: Chris Christie • New Jersey
December 7th, 2010
08:10 PM ET
4 years ago

Senate bill would prevent rate cut for Medicare docs

NEW YORK (CNNMoney.com) - The Senate on Tuesday introduced a bipartisan bill that would prevent a 25% cut in doctors' Medicare reimbursement rates in 2011.

The bill, which would cost $19.3 billion over 10 years, would be paid for by changing a provision of the health reform act that provides tax credits for people who buy coverage. The credit is scaled to a person's income. The legislation would increase the amount people would have to repay if they underestimate their earnings.

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Filed under: CNNMoney.com • Medicare • Senate
November 17th, 2010
04:48 PM ET
4 years ago

House seeks to extend jobless benefits

New York (CNNMoney.com) – The unemployed would have three more months to file for extended jobless benefits under a bill being introduced in the House.

The legislation would extend the deadline to file for federal unemployment benefits to Feb. 28, sparing 4 million people from falling off the rolls. The deadline is now Nov. 30.
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Filed under: House • unemployment
November 5th, 2010
10:00 AM ET
4 years ago

Voters to states: No new taxes

New York (CNNMoney.com) - Thanks to voters, alcohol will no longer be taxed in Massachusetts. Candy won't be subject to a levy in Washington anymore. And California drivers won't have to pay a proposed $18 fee to fund state parks.

State residents aren't feeling very generous these days, even though now is when government officials say they need the tax money the most.
FULL STORY


Filed under: 2010 • issues • Taxes
August 4th, 2010
11:30 AM ET
4 years ago

$26 billion for states passes key test vote

New York (CNNMoney.com) – The Senate overcame a key procedural hurdle Wednesday to send $26 billion more in federal aid to cash-strapped states.

The measure, which passed by a 61-38 vote, contains $16.1 billion in additional Medicaid money and $10 billion in education funding to prevent teacher layoffs.

State officials have been desperately lobbying their representatives, saying they need the money to shore up their budgets. President Obama weighed in Monday, asking lawmakers to pass the bill.

Senate Democrats needed to garner at least 60 votes for the measure to pass this initial vote, meaning some Republicans had to cross the aisle. That help came in the form of Maine Republicans Susan Collins and Olympia Snowe.

Full story


Filed under: CNNMoney.com • issues • Senate
August 3rd, 2010
07:28 AM ET
4 years ago

Senate to vote on $27 billion in aid for desperate states

New York (CNNMoney.com) – Senate Democrats are once again trying to push through a bill that would send $27 billion to needy states.

The measure contains $16 billion in additional Medicaid money and $10 billion in education funding to prevent teacher layoffs. State officials have been desperately lobbying their representatives, saying they need the money to shore up their budgets. President Obama weighed in Monday, asking lawmakers to pass the bill.

Lawmakers will take a procedural vote on Wednesday. It needs 60 votes to pass, meaning some Republicans would have to cross the aisle. If it passes this hurdle, a final vote could come late in the week, just before the Senate is scheduled to recess for the long August break.

Full story


Filed under: CNNMoney.com • Senate
August 2nd, 2010
07:58 PM ET
4 years ago

Senate to vote on $27 billion in aid for desperate states

New York (CNNMoney.com) - Senate Democrats are once again trying to push through a bill that would send $27 billion to needy states.

The measure contains $16 billion in additional Medicaid money and $10 billion in education funding to prevent teacher layoffs. State officials have been desperately lobbying their representatives, saying they need the money to shore up their budgets. President Obama weighed in Monday, asking lawmakers to pass the bill.

Lawmakers will take a procedural vote on Wednesday. It needs 60 votes to pass, meaning some Republicans would have to cross the aisle. If it passes this hurdle, a final vote could come late in the week, just before the Senate is scheduled to recess for the long August break.

Senate Majority Leader Harry Reid, D-Nev., had pushed back the vote by two days to amend the legislation after learning it would increase the deficit by $4.9 billion despite offset measures. The amended bill has no impact on the deficit.

FULL POST


Filed under: Congress • issues
July 21st, 2010
07:23 PM ET
4 years ago

Jobless benefits extension passes Senate

The Senate voted Wednesday to restore unemployment benefits.
The Senate voted Wednesday to restore unemployment benefits.

New York (CNNMoney.com) - The Senate Wednesday voted 59 to 39 to restore unemployment benefits to 2.5 million jobless Americans, ending a seven-week stalemate.

The bill, which would push back the deadline to file for extended unemployment benefits until the end of November, now goes to the House, where it is expected to pass on Thursday. The president is expected to sign the measure quickly.

On Monday, Obama called on the Senate to pass the extension, saying the unemployed should not be held hostage to politics. He praised lawmakers after the Senate narrowly approved Tuesday a key procedural step that allowed the bill to move to final passage.

"Today marks an important step toward passing the unemployment insurance extension which is critical to millions of Americans fighting to find a job, put food on the table and make ends meet during this tough economic time," he said on Tuesday.

Full story


Filed under: issues • President Obama • Senate • unemployment
July 20th, 2010
03:11 PM ET
4 years ago

Jobless benefits extension passes Senate test

New York (CNNMoney.com) - More than 2.5 million unemployed Americans are one step closer to having their unemployment benefits restored.

A bill that would push back the deadline to file for extended unemployment benefits until the end of November passed a key procedural hurdle in the Senate Tuesday. The vote was 60-40, the minimum margin needed to end debate on the measure.

The Senate could put its final stamp of approval on the bill as early as Tuesday afternoon, after which it would go back to the House. It is expected to pass both chambers and be sent to President Obama for his signature. Final passage in the Senate requires just 51 votes.

Full story


Filed under: Economy • issues • Jobs • Senate
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