Originally published on Thu March 13, 2014 5:00 pm
House budget writers have passed Missouri's state budget for Fiscal Year 2015, which begins July 1.
The roughly $28 billion spending plan still includes a funding increase for the state's K-12 schools, which would be around $122 million if projections by House and Senate Republican leaders turn out to be correct. If Gov. Jay Nixon's rosier revenue picture turns out to be correct, then K-12 spending would increase by $278 million.
Originally published on Thu March 13, 2014 2:44 pm
The nation's entire power grid could be blacked out for months if as few as nine of the nation's 55,000 electric substations were put out of commission by saboteurs, The Wall Street Journal writes, citing a "previously unreported" study by the Federal Energy Regulatory Commission.
Originally published on Thu March 13, 2014 1:56 pm
On Thursday, President Obama rolled out his plan for strengthening overtime pay protections for millions of workers. In his view, if more workers got fatter paychecks, they could spend more and stimulate the economy.
But if his critics are right, then employers would end up laying off workers to make up for the higher wage costs. And that would hurt the already painfully slow recovery.