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U.S. budget gap shrinks for fourth month running

WASHINGTON — The United States notched up a fourth straight month of declining deficits in July compared with a year ago, according to official data released Wednesday. The US government’s budget shortfall for the month was $129.4 billion, a decline of 22 percent from July 2010, the Treasury Department said.…

White House: Rivals must unite to fix U.S. economy

WASHINGTON — The White House on Saturday reacted to a historic downgrade of America’s top-notch debt rating by calling on political rivals to unite to fix the economy and assure the country’s fiscal future. “We must do better to make clear our nation’s will, capacity and commitment to work together…

Wisconsin incumbent judge Prosser clings to lead in vote

MADISON, Wis (Reuters) – A routine election for a Wisconsin Supreme Court seat that became a referendum on the state’s new curbs on unionized public employees appeared too close to call early on Wednesday with the incumbent clinging to a narrow lead. With 98 percent of the state’s precincts reporting…

Survey finds Californians back tax extensions

SACRAMENTO, California (Reuters) – Californians would overwhelmingly back extending temporary tax increases to help balance the state’s budget if asked to in a special election, according to survey results released on Wednesday. The results of the statewide survey conducted by the University of California, Berkeley and The Field Poll were…

Gov. Scott Walker threatens layoffs if Democrats don’t return to vote

In a Wednesday press conference, Wisconsin Gov. Scott Walker (R) said that he would be forced to layoff 1,500 state workers if Democratic state senators didn’t return and allow his union busting bill to pass. “In total we have just over $1.7 billion worth of savings in this budget repair…

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