Saturday, May 18, 2013

The latest local news, weather and high school sports from the Heartland

Debt limit could halt payments to the state
Posted: 07.30.2011 at 4:08 PM
8
Photo

JEFFERSON CITY, MO (AP) --      
Missouri officials say there should not be immediate problems if debate about raising the federal borrowing limit causes a temporary halt to some federal payments to the state.

State Budget Director Linda Luebbering says Missouri would have some cushion though it is unclear for how long. Luebbering says many state programs likely would not be affected.
     
However, she says there is the potential for some later problems because the state cannot fill in for the federal funds over the
long term.
     
Missouri's budget for the 2012 fiscal year that started this month is about $23 billion. It includes around $7 billion in federal money.
     
Congress is debating proposals to raise the federal borrowing limit before a Tuesday deadline.
     

(Copyright ©2011 by The Associated Press. All Rights Reserved.)

Popular Stories
Thumbnail
Pair accused of dealing drugs near school
John Garlock  |  Yesterday at 9:15 PM  |  2 comments
Thumbnail
Fugitive wanted from SWAT raid in custody
KTVO Newsdesk  |  Yesterday at 12:57 PM  |  17 comments
Thumbnail
Superintendent in legal trouble resigns
John Garlock  |  Yesterday at 4:56 PM
Follow Heartland Connection
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Senior of the Month
View and Nominate here
Funeral Announcements
Announcements from area funeral homes
Featured Sponsors
Information from our experts
Senior Living
Information for you
ADVERTISEMENT