debt

Stumbo Says Budget Compromise Should Be Easy

by Kenny Colston on March 23, 2012

House Speaker Greg Stumbo says his chamber’s priorities for the next two-year budget are not that different from the senate’s.

Both chambers have passed their own budget bills for each branch of state government. The two sides must now work out a compromise. Stumbo says he doesn’t have many concerns with the Senate’s changes and he expects a conference committee to hatch a compromise quickly.

“We may have approached it a different manner but at least we’re addressing the issues and if that’s the case we ought to be able to come to some middle ground to formulate a budget,” he says.

Senate President David Williams wanted to start the conference committee today, but Stumbo expects the committee to meet Monday and get a compromise to the chambers by Thursday.

“Staff will be working with them through the weekend, staff will be working with the governor’s office, and staff will be communicating as they review the budget. We didn’t get the Senate document until late last night, we actually haven’t gotten it officially here yet,” Stumbo says.

 

Stumbo says a budget could pass by Friday. If that happens, it will be the first time in years that lawmakers have passed a budget on time. 


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Senate Passes Budget Bills, Must Compromise With House

by Kenny Colston March 22, 2012

After hours of closed-door meetings, the Kentucky Senate approved budgets for the three branches of state government Thursday night. The House previously approved its own versions of the budgets. The Senate kept the House’s legislative plan intact but modified the executive and judicial budgets. The two chambers must now form a conference committee to work […]

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Plan to Cap State Spending at Six Percent of Revenue Takes the First Step

by Kenny Colston January 11, 2012

A new constitutional amendment that restricts how much debt the Commonwealth can carry took it’s first steps in Frankfort today. The amendment is sponsored by state Sen. Joe Bowen, a Republican from Owensboro. It caps state spending to six percent of annual revenue.Currently, the state has spent 6.3 percent more than it has taken in. The […]

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Live Coverage of the President’s Press Conference Today at 11:00

by Gabe Bullard July 15, 2011

President Barack Obama will hold a press conference today at 11:00. Mr. Obama is expected to talk about the negotiations to raise the debt ceiling. WFPL will carry live coverage of the event.

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Yarmuth Responds to Robo-Calls Attacking Debt Ceiling Vote

by admin June 6, 2011

Responding to criticisms over the recent debt ceiling vote, U.S. Rep. John Yarmuth says Congressional Republicans are playing games with the country’s credit and jeopardizing economic recovery. Last week, the National Republican Congressional Committee launched robo-calls attacking several Democrats, including Yarmuth, for supporting an increase of the federal government’s debt ceiling without attaching spending cuts. […]

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Freshman Young Looks For Ways To Cut Spending

by Gabe Bullard January 4, 2011

Like many newly elected Republicans, Young wants to cut government spending and the deficit. One of the first such issues Young will have a chance to vote on is whether to raise the nation’s debt-ceiling. A higher ceiling would allow the country to carry more debt.

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