Latest news with #budgetcrunch
Yahoo
09-07-2025
- Business
- Yahoo
Covington mayor addresses loss of federal jobs, revenue to the city
Amid a budget crunch after hundreds of federal jobs were eliminated in Covington, causing a massive loss in payroll tax, we sat down with Mayor Ron Washington to see where his priorities lie for the city's spending.
Bloomberg
17-06-2025
- Business
- Bloomberg
Bank of England's Finances Squeezed in Wake of Bernanke Reforms
For centuries the Bank of England has been the guardian of Britain's financial health. Now the central bank is facing a budget crunch of its own as it repairs dilapidated IT infrastructure, ramps up hiring and overhauls the way it makes forecasts in response to Ben Bernanke's review. Officials are worried about tight funding that has been exacerbated by a number of big projects, with the central bank being forced to shelve non-essential investments, according to people familiar with the situation.
