Latest local news, weather and high school sports from the Midlands

Thursday, January 10, 2013  Erskine Bowles, co-chairman of the U.S. deficit commission, calls failure to agree on a plan to reduce the national debt "the most disappointing thing in my life."

Tuesday, November 13, 2012  Obama to meet with labor leaders about impending 'fiscal cliff,' prospect of taxes on wealthy

Wednesday, August 08, 2012  South Carolina State University is considering cuts, including in sports, as it deals with an accrued $6 million budget deficit.

Tuesday, April 03, 2012  Obama calls House GOP budget plan a Trojan horse for 'radical' change

Tuesday, February 14, 2012  Obama's $3.8 trillion budget attacked by GOP for higher taxes, failure to cut spending more

Wednesday, October 19, 2011  The Central Midlands Regional Transit Authority is running on empty and may have to put the brakes on service.

Tuesday, September 13, 2011  Already handed a tough task, congressional debt panel faces complications from Obama jobs plan

Friday, June 24, 2011  Biden-led budget talks suspended as Cantor bolts over Democratic demands on taxes

Thursday, June 02, 2011  Job gains boost state tax revenue for 2nd straight year, helping lawmakers narrow budget gaps

Wednesday, November 10, 2010  Reports say city officials are forecasting a $1 million shortfall just one month after announcing a budget surplus.  City Manager Steve Gantt says a tax hike may be the answer rather than cutting spending.

Friday, July 23, 2010  The new estimates paint a grim unemployment picture as the economy experiences a relatively jobless recovery. The unemployment rate, presently averaging 9.5 percent, would average 9 percent next year under the new estimates.

Tuesday, July 13, 2010  The federal deficit has topped $1 trillion with three months still to go in the budget year, showing the lasting impact of the recession on the government's finances.

Tuesday, June 22, 2010  White House Budget Director Peter Orszag says he's stepping down next month, positioning him to be the first high-profile member of President Barack Obama's team to depart the administration.

Tuesday, April 27, 2010  President Barack Obama said Tuesday Washington must urgently confront unpleasant truths about deficits, while the Federal Reserve chairman said failure to mop up red-ink spending would "ultimately do great damage" to the country.

Tuesday, February 23, 2010  The agency overseeing South Carolina's prisons has won approval to run a deficit of up to $29 million this year.