Sentences with phrase «yawning deficits»

This was widely interpreted as a rebuke to France's newly minted Socialist president, who is making good on campaign promises to tax the hell out of high - income citizens as a means of bridging the country's yawning deficits.

It wouldn't cause catastrophe, but by lowering revenues or widening the already yawning deficits, it would train the spotlight on the potentially disastrous outlook.

NEW YORK (Reuters)- New York Governor Andrew Cuomo on Wednesday ordered a 10 percent cut in personal service contracts to shrink a yawning deficit, even as he and the legislature agreed on a higher revenue estimate.

Two days ahead of the holiday, Cuomo sent the City of Albany a particularly welcome budgetary Valentine: $ 12.5 million that Mayor Kathy Sheehan will use to plug a yawning deficit.

He has rejected imposing tax increases and borrowing, meaning he would have to rely largely on spending cuts to close a yawning deficit next year.

Two days ahead of the holiday, Gov. Andrew Cuomo sent the City of Albany a particularly welcome budgetary Valentine: $ 12.5 million that Mayor Kathy Sheehan will use to plug a yawning deficit.

But worries that political deadlock would lead to delays in tackling the UK's yawning deficit were allayed somewhat after Liberal Democrat leader Nick Clegg said the party with the most votes and seats - the Conservatives - should have the first stab at trying to form a Government.

Due to the yawning deficit in the school budget - initially denied by Becton - Williams recommended a budget that called for a 6 percent pay cut for all employees.

Not exact matches

Shrinking America's yawning trade deficit is much harder than simply blocking imports and boosting exports — and will likely involve tough tradeoffs, according to Guggenheim Partners» Scott...

Though he promised to narrow the yawning U.S. trade deficit, it reached $ 566 billion last year, a 12.1 percent increase over 2016 and the highest mark in nine years.

To understand why the Chartists were so abundantly confident that the People's Charter would remedy much more than just the yawning democratic deficit left after the 1832 Reform Act, we need to appreciate that annual parliaments were just as integral to their demands as universal male suffrage.

Anger is not a governing strategy, Bloomberg told reporters, as he strongly endorsed Cuomo as the right man to lead the state and grapple with its massive structural problems, legislative gridlock, gaping Medicaid costs and a yawning budget deficit in the double - digit billions.

And he offered no detail on where Labour would cut spending to back up his assertion that Labour would be more humane when it came to tackling the yawning budget deficit.»

Cuomo's reluctance to support the tax increase in the face of yawning budget deficits has led some in the Occupy movement to call him «Gov. 1 Percent.»

«Five years ago, New York faced daunting challenges — a lagging economy, massive job losses, yawning budget deficits and a state government mired in gridlock,» Cuomo began, in what was widely seen as implicit criticism of his two Democratic predecessors, Govs. David Paterson and Eliot Spitzer.

The report suggested that Cuomo's shrinking city - school allowance is due directly to the state's yawning $ 4.4 billion budget deficit.

«Since unveiling his strategy to reduce the UK's yawning budget deficit in 2010, George Osborne has faced immense pressure to change tack.

Gov. Schwarzenegger, in announcing his decision to call for a special session with the goal of acting by October, said that, given California's yawning $ 26 billion deficit, he doesn't want to leave any federal funding on the table.

Chicago Mayor Rahm Emanuel is moving to close 11 % of the city's elementary schools, possibly the largest number of schools closed at one time, to address a yawning $ 1 billion budget deficit — further straining his already lousy relationship with the city's teachers» union.

It does little else to repair the «democratic deficit» — the yawning imbalance of power in favour of the executive as against Parliament and the electorate.