Tagged: budget

Missouri auditor Tom Schweich has sued Gov. Jay Nixon over $170 million in funds the governor withheld from the 2012 budget to pay for disaster relief.

An audit released by Schweich's office last week was sharply critical of the withholds. The suit filed today is based on many of the audit's findings, including:

Saying they could not in good conscience declare that the city of St. Louis is in a fiscal crisis when it had a budget surplus last year, two members of the Board of Estimate and Apportionment on Wednesday forced a delay on implementing a third year of furloughs for city employees.

On Saturday, Standard and Poor's downgraded the debt of the United States a notch.

But the ratings firm continues to see debt issued by the city of St. Louis as a good investment, though vulnerable to economic shocks.

As budget talks continue in Washington, Sen. Claire McCaskill is accusing GOP leadership of playing politics during negotiations with the president.

 Kentucky Sen. Mitch McConnell, the top Republican in the Senate, is proposing to give President Obama sweeping power to, in effect, unilaterally increase the nation’s debt limit to avoid a first-ever default on U.S. obligations.

 McCaskill, a Democrat, says McConnell’s plan is purely political.