Archdiocese Reports Roughly $9M Deficit For 2014The Archdiocese of St. Paul and Minneapolis reported a $9.1 million operating deficit for fiscal year 2014 and said Thursday that it is considering filing for bankruptcy as its financial condition has become more uncertain due to the growing potential for more lawsuits by victims of clergy sexual abuse.
Latest Deficit Will Drive Minn. Capitol SessionNew year, new faces, same old challenge in the Minnesota Legislature: a state budget that's out of whack.
Latest Deficit Will Drive Minn. Capitol Action New year, new faces, same old challenge in the Minnesota Legislature: a state budget that's out of whack.
Good Question: Would Raising Taxes On Wealthy Put Dent In Nat'l Debt?As negotiations continue in Washington, D.C. to avoid falling off the so-called “fiscal cliff,” many are left with a simple question: can taxing the rich raise enough money to make a dent in the national debt?
Opinion: Romney Tries To Reboot Losing Campaign With Ryan PickAfter months of failing to find a way to gain ground in the presidential campaign, Mitt Romney has hit the reset button by picking Paul Ryan as his running mate, but once the dust has settled and the Conventions are over, it is hard to see how Romney will have changed the direction of the 2012 presidential campaign.
Minnesota Orchestra Dealing With $3M DeficitThe Minnesota Orchestra is making some changes to deal with the biggest deficit in its history.
Dem Lawmakers Want To Bring Back Minn. Tax CreditTwo Democratic state lawmakers say the elimination of a homestead tax credit as part of Minnesota's deficit fix will hurt property tax payers.
Good Question: What Happens If U.S. Goes Into Default?When it comes to credit, we all have our limit. And the U.S. government has maxed out its $14.3 trillion debt ceiling. So what happens if the limit isn't raised? What happens if the United States can't pay its bills?
Dayton, GOP Lawmakers Take Another Crack At BudgetGov. Mark Dayton and Republican legislative leaders are meeting for private budget talks after more than a week of public posturing.
No Budget Deal With Legislature As Last Day LoomsThe next-to-last day of Minnesota's legislative session trickled away Sunday with no evident movement on a budget impasse between Gov. Mark Dayton and Republican legislative leaders.
Budget Talks Pick Up As Time Runs ShortBudget talks are picking up as Democratic Gov. Mark Dayton and top Republican lawmakers try to fix a $5 billion deficit with less than four days left in the legislative session.
Budget Bills Take Center Stage At Minn. CapitolThe Minnesota House of Representatives voted Monday to cut state income and property taxes on businesses while slashing aid to several large cities, fulfilling key Republican priorities and setting the table for a conflict with Democratic Gov. Mark Dayton.
GOP Leaders: Deficit Fix To Involve Public WorkersTop legislative Republicans say Minnesota can't solve a $6.2 billion budget shortfall without involving public employees.
Minn. Bill Advances Without Cuts To Disaster AidPopular programs including college financial aid and flood and tornado relief wouldn't be at risk of budget cuts before July under a Senate version of a $1 billion deficit-reduction bill that advanced Wednesday.
Minnesota Lawmakers Prepare To Tackle BudgetMinnesota's deficit for the upcoming budget cycle has grown to $6.2 billion. On the flip side, the state has a $399 million surplus in the current budget year, which ends in June.