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By Diana Olick, CNBC Real Estate Reporter NEW YORK (CNBC) -- It's not like the housing market needs any more headwinds, so here's the government potentially giving us another: The mortgage interest deduction is back in big play in the budget deal. It never exactly came off the table, but the bigger the budget deal, the more likely the mortgage deduction will take a bigger hit. Right now, Read More »
Even tax breaks for the wealthy are targeted in President Barack Obama's "balanced" approach. Read More »
Texas lawmakers have potentially guaranteed themselves a repeat of problems in the 2013 session. At least one senator blames ideology for the lack of fiscal reform. Read More »
The Texas House and Senate passed the $172 billion state budget, which slashes funding for education and human services. The measure now heads to Gov. Perry for his signature. Read More »
The Texas House is expected to take up and debate the final draft of the budget as they wrap up the legislative session. Read More »
The panel agreed Thursday on a $172.5 billion plan that makes about $15 billion in cuts compared to current spending. Read More »
An estimated $15 billion would be cut from government spending, affecting public schools, Medicaid reimbursement rates and higher education. Read More »
Legislative budget negotiators agreed Monday on spending in many key areas except education, prompting Senate Finance Committee Chairman Steve Ogden to suggest a special session on public schools and universities could be necessary this summer. Read More »
Republican senators took advantage of a legislative rule to pass a budget plan Wednesday, steamrolling Democrats who said it would cut back crucial services while leaving billions unspent in the state's rainy day fund. Read More »
The primary point of contention in the Finance Committee's budget proposal is a provision to allow an additional $3 billion dip into the state's rainy day fund if revenue cannot be found elsewhere. Read More »
By Rob Reuteman, special to CNBC.com NEW YORK (CNBC) -- Farm subsidies, including billions in direct payments that go to many farmers annually regardless of need, are on everyone's federal budget chopping block this year. Prices for most food commodities are at record highs, up 24 percent from February 2010 for all farm products tracked by the U.S. Department of Agriculture's National Agri Read More »
Service cutbacks have sheriffs and mental health advocates across the state nervous at the thought of more people ending up behind bars instead of getting treatment at community facilities. Read More »
Senate budget-writers also backed a variety of fee increases and, in a 9-6 vote, approved allowing health-related higher education institutions to liquidate their share of an endowment set up with part of the state's tobacco lawsuit settlement. Read More »

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Senate leaders are looking at non-tax revenue and, possibly, dipping further into the rainy day fund than Gov. Rick Perry has said he is willing to do. Read More »
Republican newcomers to Congress with an inflexible social agenda have created a "difficult" climate for negotiations in Washington, Vice President Joe Biden said Friday. Read More »
Senate Finance Committee Chairman Steve Ogden, R-Bryan, said Wednesday that the working Senate proposal includes $16 billion more in state and federal funds than the House measure, but he did not detail where the additional state money would come from. Read More »
Harris County health care providers would lose more than $2 billion in Medicaid funding under the Texas House budget that passed Sunday night, according to an Austin think tank. Read More »
Education and other key services slashed, but proposed spending is likely to grow in the Senate version. Read More »
Texas lawmakers still have to discuss prisons, highways, courts and other state agencies facing stiff cuts. A tentative vote is expected late this evening. Read More »
Lawmakers who argued over funding priorities past midnight Friday took a break Saturday to accommodate those traveling to Houston for the funeral of Democratic Rep. Alma Allen's husband. Read More »
House rules wouldn't allow lawmakers to add money to the budget, so they were faced with shifting funds among competing needs, which outnumbered Democrats likened to a "Sophie's Choice." Read More »
New funding for children's mental health and addiction programs and post-secondary education are the highlights of Tuesday's Ontario budget. Read More »
In the past few years, millions of people living in the United States have been faced with the need to cut back on spending.  As the economy took a downward turn, budgets were tightened.  Although we are slowly starting to see some economic recovery, experts say it will still be several years>> Read moreRelated posts:Cost Saving Ideas For New Bathroom CurtainsTop Companies For Bathroom CurtainsCh Read More »
The 87 first-term House members are behind Saturday’s 235-189 vote to cut $61 billion from government spending. Obama promises to veto if it passes the Senate. Read More »

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