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2010-07-30
U.S. Economy Shows Signs Of Slowdown As Consumer Spending Falters

Oil Industry Safety Record Blown Open

Anarchy In Dagestan - Islamists Gain Upper Hand In Russian Republic

Rioting In Kabul After U.S. Embassy Vehicle Kills For Civilians

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U.S. Homes Keep Falling Into Foreclosure As Programs Fail To Help

Chilcot Inquiry: Blair Deputy Prime Minister Prescott Doubted 'Tittle Tattle' Of Iraq Invasion Intelligence

A Quarter Century After Chernobyl: Radioactive Boar On The Rise In Germany

Iraq's Garden Of Eden - Restoring The Paradise That Saddam Destroyed

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2010-07-29
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Choc Finger's Big Bet - Speculators Rediscover Agricultural Commodities, Driving Food Prices Higher

Spiegel Interview With Craig Venter - 'We Have Learned Nothing From The Genome'

WikiLeaks Fallout - David Cameron's Remarks Arouse Fury In Pakistan

President Obama Seeks To Expand Arms Sales By Trimming Approval Process

Dozens Arrested In Protest Of Arizona's Immigration Law

Former Nazi Death Camp Guard Indicted

2010-07-28
Document Reveals Military Was Concerned About Gulf War Vets Exposure To Depleted Uranium

The Dragon's Embrace - China's Soft Power Is A Threat To The West

Newsblog: Arizona's Controversial Immigration Law Blocked By Federal Judge

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Commentary: Obama Must Take A Lead On Climate Change - And Soon

China's Three Gorges Dam Close To Limit As Heavy Rains Persist

Opposition Demands Answers - War Logs Spark German Debate On Afghanistan Conflict

Commentary: A Plea For Common Sense - Why NATO Should Withdraw From Afghanistan

Washington's Hidden Enemy - War Logs Suggest Pakistani Intelligence Controls Course Of War

U.K. Prime Minister Cameron Sparks Diplomatic Row With Pakistan After 'Export Of Terror' Remarks


In U.S., State Governments Want $176 Billion Slice Of Stimulus Money
2008-12-02 16:15:20 (86 weeks ago)
Posted By: Intellpuke
(Read 483 times || 0 comments)

When President-elect Barack Obama arrives at Philadelphia's Independence Hall Tuesday to meet with the nation's governors, the main question will be not whether he will deliver fast fiscal relief to the states, but how much?

Obama and congressional Democrats have promised that soon after Inauguration Day he will sign an economic stimulus bill that could exceed $500 billion. The governors intend to request about $176 billion of that - $136 billion for infrastructure projects and $40 billion to bolster Medicaid health programs that serve the poor and disabled.

"The slowing economy is resulting in growing unemployment, increased demand for state services and significant declines in state revenues," said Gov. Jim Douglas (R-Vermont), who is vice chairman of the National Governors Association. "It's critical this happen as soon as possible."

As the economic downturn has swept from the housing market to financial institutions to the automobile industry, Obama has begun sketching out plans to address a recession that most experts project will be deep and long lasting. At the heart of his approach is a massive infusion of federal tax dollars.

(story continues below)




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