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Public Finance

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    Mar 10, 2013 |Story| Los Angeles Times

  1. L.A.'s budget challenge

    In the weeks leading up to last Tuesday's election, voters in Los Angeles heard conflicting messages from city officials and candidates about Proposition A, a proposed half-cent increase in the sales tax. Mayor Antonio Villaraigosa, City Council President Herb Wesson and Police Chief Charlie Beck all argued that the city desperately needed the tax hike to avoid damaging cuts in public safety and other services. The candidates vying to take Villaraigosa's place in City Hall, however, insisted that the increase was the wrong way to solve the city's fiscal problems. That may have had more to do with politics than policy, but their view prevailed: Voters rejected the tax hike by a margin of 55% to 45%.
    In the weeks leading up to last Tuesday's election, voters in Los Angeles heard conflicting messages from city officials and candidates about Proposition A, a proposed half-cent increase in the sales tax. Mayor Antonio Villaraigosa, City Council President...

    Tags: Eric Garcetti, Health and Safety at Work, Wendy Greuel, Pension and Welfare, Conservation

    2. Mar 9, 2013 |Story| Los Angeles Times

  2. Letters: Debating Obamacare

    Re "Stuck in a healthcare quagmire," Opinion, March 5 Jonah Goldberg tells us that the Affordable Care Act, or Obamacare, is projected to add $6.2 trillion to our deficit over 75 years. For this "fact," he cites a January study by the Government...

    Tags: Politics, Patient Protection and Affordable Care Act, Congressional Budget Office

    3. Mar 5, 2013 |Story| Los Angeles Times

  3. White House tours canceled due to federal budget cuts

    WASHINGTON — The White House has been struggling to highlight cutbacks at federal agencies now that the so-called sequester has hit. On Tuesday, it found one close to home.
    WASHINGTON — The White House has been struggling to highlight cutbacks at federal agencies now that the so-called sequester has hit. On Tuesday, it found one close to home. Tours of the executive mansion will be canceled starting March 9, the...

    Tags: Parties and Movements, Arne Duncan, Tourism and Leisure, White House, Travel

    4. Mar 7, 2013 |Story| Los Angeles Times

  4. Keeping up the outreach, Obama to do lunch with Ryan, Van Hollen

    <span class="runtimeTopic">WASHINGTON</span> -- President Obama plans to continue his campaign to win hearts, minds and stomachs on Capitol Hill.
    WASHINGTON -- President Obama plans to continue his campaign to win hearts, minds and stomachs on Capitol Hill.   Obama is scheduled to have lunch with House Budget Committee Chairman Paul Ryan (R-Wis.) and his Democratic counterpart, Rep. Chris Van...

    Tags: Parties and Movements, John Boehner, Paul Ryan, White House, U.S. House Committee on the Budget

    5. Mar 6, 2013 |Story| Los Angeles Times

  5. Lakers erase 25-point deficit in second half to beat the Hornets

    <strong>Lakers 108, Hornets 102 (final)</strong>
    Lakers 108, Hornets 102 (final) The Lakers came back from a 25-point deficit to stun the Hornets in New Orleans. With their playoff hopes seemingly on the brink, the Lakers rattled off 20 unanswered points to close out a 108-102 victory on Wednesday...

    Tags: Dwight Howard, Austin Rivers, Robin Lopez, New Orleans Hornets, Eric Gordon (basketball)

    6. Mar 6, 2013 |Column| Los Angeles Times

  6. McManus: Fiscal crisis? What crisis?

    Here's what is most maddening about the "Perils of Pauline" fiscal crises that President Obama and Congress have led us into during the last year: Both sides have known from the beginning what the final deals would look like, but neither side has been willing to budge before it had to.
    Here's what is most maddening about the "Perils of Pauline" fiscal crises that President Obama and Congress have led us into during the last year: Both sides have known from the beginning what the final deals would look like, but neither side has been...

    Tags: Layoffs and Downsizing, Social Security, Medicare, John Boehner, Kelly Ayotte

    7. Mar 5, 2013 |Story| Los Angeles Times

  7. IRS will pay whistle-blowers less because of federal budget cuts

    WASHINGTON -- The federal government's automatic budget cuts mean there will be less financial incentive to turn in tax cheats.
    WASHINGTON -- The federal government's automatic budget cuts mean there will be less financial incentive to turn in tax cheats. In a notice on its website, the Internal Revenue Service said it would pay 8.7% less to informants who blow the whistle on...

    Tags: Politics, Layoffs and Downsizing, U.S. Senate Committee on Appropriations, Budget Control Act of 2011, Taxation

    8. Mar 4, 2013 |Story| Los Angeles Times

  8. Warren Buffett says federal budget cuts aren't too bad for economy

    WASHINGTON -- Billionaire investor Warren Buffett is not a big fan of the automatic federal budget cuts that kicked in Friday, but he said they help reduce the deficit and shouldn't hurt the economy too much.
    WASHINGTON -- Billionaire investor Warren Buffett is not a big fan of the automatic federal budget cuts that kicked in Friday, but he said they help reduce the deficit and shouldn't hurt the economy too much. The government is still running a deficit...

    Tags: Politics, Berkshire Hathaway Inc., Budget Control Act of 2011, CNBC (tv network), Budgets and Budgeting

    9. Mar 1, 2013 |Story| Los Angeles Times

  9. Consumer confidence jumped in February on job market improvement

    WASHINGTON -- Consumer confidence surged in February as the improving job market offset concerns about higher taxes and looming federal spending cuts, according to a leading private barometer.
    WASHINGTON -- Consumer confidence surged in February as the improving job market offset concerns about higher taxes and looming federal spending cuts, according to a leading private barometer. The monthly consumer sentiment index from Thomson Reuters...

    Tags: Employment Opportunities, Consumer Confidence, Employment, Economic Indicator, Labor Markets

    10. Feb 28, 2013 |Story| Los Angeles Times

  10. The all-pain, no-gain 'sequester'

    At a forum held by the Univision broadcasting network in September, President Obama said the most important lesson he'd learned in his first term was that "you can't change Washington from the inside; you can only change it from the outside." That helps explain why he has issued a barrage of public statements and made a slew of appearances in the past week aimed at persuading congressional Republicans to cancel looming across-the-board cuts in federal spending, rather than meeting with congressional leaders to hammer out a deal.
    At a forum held by the Univision broadcasting network in September, President Obama said the most important lesson he'd learned in his first term was that "you can't change Washington from the inside; you can only change it from the outside." That helps...

    Tags: U.S. Congress, Justice System, Politics, Parties and Movements, Air Transportation Delays

    11. Feb 28, 2013 |Story| Los Angeles Times

  11. Letters: Tackling debt is secondary to jobs

    Re “Average Americans are feeling pain of U.S. debt,” Feb. 25 The truth about the burden of the deficit is, unfortunately, buried deep in The Times' article. Far below the headline that cites the “debt” as the source of pain...

    Tags: Politics

    12. Feb 27, 2013 |Story| Los Angeles Times Exclusive

  12. Deficit-deluded tea party Republicans love the sequester scheme

    The delusions of tea party Republicans are about to create a lot of misery for America. The "sequester" -- the drastic set of budget cuts formerly known as the "fiscal cliff" -- seems very likely to go into effect at the end of this week due in no small part to the fact that hyper-conservative lawmakers, such as Kentucky Sen. Rand Paul, actually think it's a pretty swell idea.&nbsp;
    The delusions of tea party Republicans are about to create a lot of misery for America. The "sequester" -- the drastic set of budget cuts formerly known as the "fiscal cliff" -- seems very likely to go into effect at the end of this week due in no small...

    Tags: Entertainment, Rand Paul, Fiscal Cliff, Tea Party Movement, Government

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