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Proposed budget: No tax increase, state agency cuts -- but raises for teachers a go

Last updated Saturday, March 3, 2012 - 10:48pm

SALT LAKE CITY — Utah legislative leaders have finalized a $13 billion budget proposal that will go to lawmakers Monday without raising taxes or cutting funding for state agencies.

Education, Budget, Budgeting, Debt, Gov. Gary Herbert, Growth, Pay raises, State Liquor Board, Teachers, Utah, Utah Legislature, Utah Liquor Control Board, Gary Herbert Read more Comments

Greece, investors strike debt deal

Contributed The Associated Press

Last updated Saturday, January 28, 2012 - 10:51pm

ATHENS, Greece — Greece and investors who have bought its bonds have reached a tentative deal to significantly reduce the country’s debt and pave the way for it to receive a much-needed (euro) 130 billion bailout.

Debt, Debt Crisis, European Union, International Read more Comments

A graph shows the fall of the Euro in Paris, Friday, Jan. 13, 2012. The euro fell to a 17-month low against the dollar on news reports that France’s credit rating might be downgraded by Standard & Poor’s. If France were downgraded it could hurt efforts to resolve Europe’s debt crisis. (AP Photo/Remy de la Mauviniere)

Standard & Poor’s defends mass European downgrade

Angela Charlton The Associated Press

Last updated Saturday, January 14, 2012 - 5:32pm

PARIS — Amid a wave of criticism, Standard & Poor’s defended its decision to downgrade nine European countries and insisted Saturday that the region’s leaders aren’t doing enough to solve their debt crises.

Business, Debt, Debt Crisis, Economy, Mortgage Read more Comments

(J. SCOTT APPLEWHITE/The Associated Press) A statue of a contemplative Benjamin Franklin overlooks the empty hallways of Congress as the deadline of the deficit Supercommittee approaches with no expectations for success, Sunday morning at the Capitol in Washington, Nov. 20, 2011. On various talk shows Sunday, Democrats and Republicans on the Joint Select Committee on Deficit Reduction exchanged blame for the a deepening impasse that has all but doomed chances for an accord.

Bush tax cut debate dooms deal to cut deficit

Stephen Ohlemacher The Associated Press

Last updated Tuesday, November 22, 2011 - 10:18am

WASHINGTON — A long-running war between Democrats and Republicans over Bush-era tax cuts doomed the debt supercommittee’s chances of reaching a deal. Efforts to overhaul the tax code may await the same fate as both parties gear up to make taxes a central issue in 2012 elections.

Congress, Debt, Deficit, George W. Bush, Supercommittee, Tax cuts, National Read more Comments

(EMILIO MORENATTI/The Associated Press) A man sleeps on the ground as he spends the night at the Catalunya square during a protest in Barcelona city, Spain, Sunday Nov. 13, 2011. Another troubled European government will almost surely tumble this weekend as Spanish voters braving sky-high unemployment, the sting of austerity, piles of debt and a bleak future are expected to dump the ruling Socialists and hand their national mess to opposition conservatives. Polls point to a crushing win on Sunday and perhaps even a huge majority in Parliament for the Popular Party led by Mariano Rajoy. The banner reads in Catalan “Indignation”.

Job-hungry Spaniards seen electing center-right

Daniel Woolls The Associated Press

Last updated Wednesday, November 16, 2011 - 8:29am

MADRID — Another troubled European government will almost surely tumble this weekend as Spanish voters braving sky-high unemployment, the sting of austerity, piles of debt and a bleak future are expected to dump the ruling Socialists and hand their national mess to opposition conservatives.

Debt, Debt Crisis, Economy, Financial crisis, Spain, Unemployment, Elections, International Read more Comments

(THANASSIS STAVRAKIS/The Associated Press) Protesters, dressed as prisoners gather during an event to protest against austerity measures outside the Greek parliament in Athens, Tuesday, Nov. 1, 2011. Lawmakers in Greece’s ruling Socialist party revolted Tuesday over their prime minister’s surprise decision to hold a referendum on a European debt deal, threatening the very survival of his embattled government.

Greece’s Papandreou heading to EU showdown

Derek Gatopoulos, Elena Becatoros The Associated Press

Last updated Wednesday, November 2, 2011 - 10:05am

ATHENS, Greece — Greek Prime Minister George Papandreou will try to win over irate European leaders later Wednesday, hours after persuading his cabinet to back a hugely-controversial referendum on the debt-crippled country’s latest rescue package.

Business, Debt, Euro, Finance, Greece, International Read more Comments

(JAE C. HONG/The Associated Press) In this July 24, 2008 file photo, then-Democratic presidential candidate Sen. Barack Obama, D-Ill., waves as he arrives at the Victory Column in Berlin. In 2009 President Barack Obama went to London for his first summit of the world’s top 20 economies as a global rock star _ the U.S. president who as a candidate could command giant crowds in Denver or Berlin. This week he arrives in Cannes, France, for another G-20 summit with his star status on the wane, more like a key player in the band instead of the conductor.

For Obama, eurozone crisis takes precedence at G20

Contributed The Associated Press

Last updated Tuesday, November 1, 2011 - 10:00am

WASHINGTON — The stage this time will belong to German Chancellor Angela Merkel and French President Nicolas Sarkozy.

Business, Debt, Economy, Europe, International Read more Comments

New student-loan relief program offers modest help

Kathleen Pender San Francisco Chronicle

Last updated Thursday, October 27, 2011 - 2:06pm

Around the same time the College Board this week released a report showing that the average tuition at a four-year public college rose 8.3 percent last year, President Barack Obama was in Denver telling college students that he is taking steps to ease their debt burden.

Students who look into the details of the loan-relief program are likely to be underwhelmed.

Business, Debt, Federal Government, Student Loans, College Read more Comments

(JACQUELYN MARTIN/The Associated Press) In this Oct. 6, 2011 photo, Gan Golan, of Los Angeles, dressed as the “Master of Degrees,” holds a ball and chain representing his college loan debt, during Occupy DC activities in Washington. As President Obama prepared to announce new measures Wednesday to help ease the burden of student loan debt, new figures painted a demoralizing picture of college costs for students and parents: Average in-state tuition and fees at four-year public colleges rose an additional $631 this fall, or 8.3 percent, compared with a year ago.

College prices up again as states slash budgets

Justin Pope The Associated Press

Last updated Wednesday, October 26, 2011 - 7:03am

As President Obama prepared to announce new measures Wednesday to help ease the burden of student loan debt, new figures painted a demoralizing picture of college costs for students and parents: Average in-state tuition and fees at four-year public colleges rose an additional $631 this fall, or 8.3 percent, compared with a year ago.

Education, Costs, Credit, Debt, Student Loans, National Read more Comments

US stock futures slip on earnings, French debt

David K. Randall The Associated Press

Last updated Tuesday, October 18, 2011 - 7:00am

NEW YORK — U.S. stock futures are slipping after disappointing corporate earnings and another sign that Europe’s credit crisis isn’t solved.

Business, Debt, Dow Jones Industrial Average, France, Nasdaq, S&P 500, Stock Market, Wall Street Read more Comments

Debt collection operation threatened to kill pets, dig up dead relatives

Stephanie Hoops Ventura County Star

Last updated Wednesday, October 5, 2011 - 2:14pm

The Federal Trade Commission has halted operations and frozen assets of a Southern California debt collection firm accused of threatening to kill pets, dig up deceased relatives, and a long list of other harassment complaints from across the country.

Debt, Economy, Federal Government, FTC, National Read more Comments

(VINCENT YU/The Associated Press) A trader reacts at Hong Kong’s Stock Exchange in Hong Kong Monday, Oct. 3, 2011. Stocks took another battering Monday after Greece admitted it won’t meet its deficit reduction targets, raising renewed fears that the country will not get crucial bailout loans it needs to avoid a default. The losses in Europe followed a big retreat in Asia, with Hong Kong’s Hang Seng leading the way lower with a 4.4 percent decline to 16,822.15.

Asian stock markets lower on Greek default fears

Pamela Sampson The Associated Press

Last updated Tuesday, October 4, 2011 - 7:47am

BANGKOK — Asian stocks extended a sell-off Tuesday, dogged by signs Europe’s debt problems are getting grimmer even as officials promised more help for Greece at the epicenter of the crisis.

Business, Asia, Debt, Euro, Greece, Stock Market, International Read more Comments

(THANASSIS STAVRAKIS/The Associated Press) European Union’s flag flies as the temple of Parthenon atop of the Acropolis hill is seen, background, in Athens, Wednesday, Sept. 14, 2011. The leaders of Greece, France and Germany will seek ways to contain the spiraling debt crisis and prevent it from further roiling global financial markets in a teleconference on Wednesday evening.

Top EU official seeks closer policy union

Don Melvin The Associated Press

Last updated Wednesday, September 28, 2011 - 7:47am

BRUSSELS — A senior EU official called for closer political and financial unification in Europe, as fractures emerged Wednesday among leaders on how to solve Greece’s debt crisis.

Business, Debt, Euro, Finance, Germany, Greece, Loans, European Union, International Read more Comments