Budget | featured news

A pro-marijuana group is launching another television bid to legalize pot in California — this time with the pitch that legalizing and taxing the drug could help solve the state's massive budget deficit.

California's lawmakers failed to agree on a balanced budget by the start of its new fiscal year on Wednesday morning, clearing the way to suspend payments owed to the state's vendors and local agencies, who instead will get "IOU" notes promising payment.

I thought Christopher Nolan's followup to The Dark Knight was going to be some little indie space movie, but according to The Calgary Sun, it's going to cost $200 million dollars.Described as a contemporary sci-fi actioner set within the architecture of the mind from "Dark Knight" director Christopher Nolan. Nolan wrote the original screenplay and hopes to shoot the sci-fi action film in the summer for a release during summer 2010.The Calgary Sun has more: Leonardo DiCaprio is Alberta bound.

Michigan officials said Friday that the state is closing three prisons and five prison camps in hopes of narrowing a $1.4 billion budget gap for fiscal 2010.

President Obama will propose $17 billion in spending cuts today, less than half of 1% of his budget, including cuts in weapons ...

Districts facing budget cuts nationwide are contemplating the measure. It's an appealing alternative to cutting staff or programs, but it can create child-care problems for parents.

Plan approved in 233-193 vote endorses much of Obama's agenda; no Republicans backed measure.

President Barack Obama said on Saturday he would soon announce the elimination of dozens of wasteful or ineffective government programs as part of a broad effort to restore fiscal accountability to the federal budget.

President Barack Obama's allies rallied around his ambitious budget blueprint as he visited the Capitol on Wednesday, and only hours later a House panel endorsed it, pointing the way for major legislation this year on health care, energy and education.

Obama heads to Congress to sell his massive budget proposal to skeptical lawmakers.