skip to main content
skip to newscasts

Saturday, May 4, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Jury hears Trump and Cohen Discussing Hush-Money Deal on secret recording; Nature-based solutions help solve Mississippi River Delta problems; Public lands groups cheer the expansion of two CA national monuments; 'Art Against the Odds' shines a light on artists in the WI justice system.

view newscast page
play newscast audioPlay

President Biden defends dissent but says "order must prevail" on campus, former President Trump won't commit to accepting the 2024 election results and Nebraska lawmakers circumvent a ballot measure repealing private school vouchers.

view newscast page
play newscast audioPlay

Bidding begins soon for Wyoming's elk antlers, Southeastern states gained population in the past year, small rural energy projects are losing out to bigger proposals, and a rural arts cooperative is filling the gap for schools in Pennsylvania and West Virginia.

Looming Federal Fiscal Cliff Could Cost Texas 160,000 Jobs

play audio
Play

Monday, September 10, 2012   

AUSTIN, Texas - A looming budget battle in Washington could cost 160,000 jobs in Texas. Lawmakers last year gave themselves until the end of this year to reduce the federal deficit by more than a trillion dollars over the next decade. If Congress can't agree on a plan, automatic cuts will kick in. Known as "sequestration," the cuts were designed to be unpopular and painful to all sides, as an incentive to compromise.

But tax-policy analyst Ali Mickelson fears partisan politics this election season could prevent a more productive solution.

"That's sort of the reason that this sequestration is looming. It's because of that partisan divide. Nobody's been able to agree, and that may continue to be the case."

Republicans accuse Democrats of being willing to gut the defense department, while Democrats say the GOP is trying to protect tax breaks for the wealthy. If lawmakers can't avoid the "fiscal cliff," Texas is likely to lose more jobs than any other state except California and Virginia. That's according to a recent George Mason University report, which also calculated that the reduced federal funding would remove about $16 billion from the state's economy.

More than half of the Texas job losses would come from defense cuts. Much of the rest, Mickelson says, would affect education. But as tough as that sounds, she thinks sequestration might actually be preferable to some alternatives.

"If we have, in response to avoiding sequestration, sort of a rushed one-sided budget that goes through, that could potentially cost more jobs, more services, that could be bigger cuts."

The automatic cuts were a provision of the Budget Control Act of 2011. They would go into effect in January, and could send the country back into recession during the first half of next year, according to the George Mason University study, with 2.14 million job losses nationwide.

See report at www.aia-aerospace.org.




get more stories like this via email

more stories
Berryessa Snow Mountain National Monument's new Molok Loyuk region provides habitat for tule elk, mountain lions, bears, bald eagles and golden eagles. (Hispanic Access Foundation)

Environment

play sound

Conservation groups, tribes and community organizers are praising President Joe Biden's decision Thursday to expand two national monuments in …


Social Issues

play sound

Pennsylvania is among the states where massive protests and tent encampments opposing the war in Gaza are growing. Elez Beresin-Scher, a sociology …

Health and Wellness

play sound

Studies show suicide is a serious public health problem, claiming more than 48,000 lives each year in the nation. A new initiative from the Zero …


An installation view of the exhibition Art Against the Odds, is shown at the Neville Public Museum in Green Bay, Wisconsin. (Photo courtesy of Kate Mothes)

Social Issues

play sound

By Kate Mothes for Arts Midwest.Broadcast version by Mike Moen for Wisconsin News Connection reporting for the Arts Midwest-Public News Service Collab…

Environment

play sound

A new film documents the 2018 battle between Colorado environmentalists and the oil and gas industry over proposed fracking regulations. The film …

Among adults in Arkansas, 32.6% report symptoms of anxiety and/or depressive disorder, almost identical to the national average. (Halfpoint/AdobeStock)

Health and Wellness

play sound

As Children's Mental Health Awareness Week kicks off in Arkansas, an expert said parents can help their children have a healthy brain to thrive…

Environment

play sound

As part of an effort to restore the Mississippi River delta, an organization is collaborating with nature to address environmental challenges…

Health and Wellness

play sound

Toughing it out during spring allergy season is not in your best interest if you want to avoid asthma later in life. New Mexico has plenty of grass …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021