The 2020 government shutdown, what you need to know

The government is running out of money.The U.S. Treasury Department has warned Americans that they will lose more than $2.4 trillion in taxes and fees if they don’t pay up on debt owed to the government.But the next shutdown looms.The president is on a week-long vacation, and the House and Senate are working on a plan to fund the government […]

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Puerto Rico: More than 100,000 jobs are at risk as Puerto Rico recovers

WASHINGTON — Nearly 100,800 jobs could be at risk of being lost when Puerto Rico’s recovery is complete, a top U.S. Treasury official said Friday.The jobs count is based on new jobs created and employment levels in each of the states that are not expected to return to full capacity until early 2019, Treasury Secretary Jack Lew said at a […]

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How to save your federal government loan and get a federal bailout

Cobb County, Georgia, is a town of about 2,000 people.That’s where the government’s bailout program for its city of Cobb has just begun.The Cobb County Government Loan Program (COGN) is an extension of a state program that has helped the city of Atlanta get itself out of a massive debt.For more than a decade, the program has paid off about […]

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What the Maryland Budget will look like with federal money

In an interview with Next Big Finance, Maryland’s state budget director, Catherine DeCarlo, said she would like to see a federal government loan for the state.DeCarlo was one of six members of the House Appropriations Committee that will discuss the budget with the White House on Friday.She said that she is “a big supporter of getting a federal grant that […]

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How to tell if your local government is in debt

If you live in a small city, you can see whether your local governments is in trouble by comparing its annual deficit with the federal government.The average deficit is a little over $2 billion, but that doesn’t mean your local public officials are paying their fair share.According to a report by the nonprofit Taxpayers Alliance, local governments in Michigan and […]

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