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Tax Deal Dwarfs Stimulus Cost

MIAMI (CBS4) – When President Barack Obama unveiled his federal stimulus plan, many in both parties erupted over the $787 billion price tag. But now, Obama’s tax deal with Congressional Republicans...

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Senate Preps Final Vote On Tax Deal

WASHINGTON (CBS4) – The politicians on Capitol Hill keep pressing Tuesday for an $858 billion tax deal that would extend Bush era cuts for all Americans regardless of income, extend unemployment...

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Breaking Down The Tax Deal

MIAMI (CBS4) – President Barack Obama’s tax-cut deal with the GOP leadership sailed through both houses of Congress, easily passing in the House of Representatives Thursday evening. There’s a bevy of...

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GOP Proposes Deep Domestic Spending Cuts

WASHINGTON (CBS4) – Republican leadership in the House announced Thursday they plan to cut domestic spending by roughly 20 percent to get the levels back to before President Barack Obama took office....

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Political Reality Hitting Budget Battles

MIAMI (CBS4) – The spending battles are getting larger and louder around the country, and Florida is no exception. In Tampa Monday protestors yelled “we need jobs.” They want a Tampa to Orlando high...

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City Of Miami Faces Estimated $40M Budget Shortfall

MIAMI (CBS4)- A year after filling a huge budget deficit with deep cuts in pay and pensions, Miami is staring at a budget shortfall that could reach $40 million, and is looking at reducing department...

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Miami Names Temporary Finance Chief

MIAMI (CBS4)- Miami Mayor Tomás Regalado has picked an interim chief financial officer to lead the city through its latest budget woes. Scott Simpson, finance chief of the Miami Parking Authority who...

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NMB Officers Knock On Doors Announcing Impending Layoffs

NORTH MIAMI BEACH (CBS4)- The North Miami Beach Police Department is proposing big cuts, and on Saturday members of the department informed residents and businesses of the impending layoffs and...

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Dolphins Make Roster Moves, Cut 27 By Deadline

DAVIE (CBSMiami) – In a tough day for Dolphins management, the team met the NFL deadline for cutting the 2011 roster to 53 players, making the final cuts just before the 6 PM deadline. 20 players were...

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Dolphins Cutting Players Friday

MIAMI (CBSMiami) – Today is the day that dreams are smashed and made in the NFL as teams cut their rosters down to 53 players from the previous level of 75. The Miami Dolphins have been busy Friday...

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Twinkies Maker Goes Belly Up

DALLAS (CBSMiami) – The joke used to be that the only thing that could survive a nuclear war were cockroaches and Twinkies. But it turns out, Twinkies’ maker Hostess said Friday that a workers strike...

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What Exactly Is The Fiscal Cliff?

MIAMI (CBSMiami) – Much of the talk over the next week will not center around the New Year or football, but instead on the so-called “fiscal cliff.” It’s a catch-all term that’s being applied to a...

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Austerity Arrives With Sequestration

MIAMI (CBSMiami) – Sequestration day has arrived in Washington, D.C. and by 11:59 Friday night, the White House will be forced to order across-the-board, indiscriminate budget cuts in European-style...

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Jobs Numbers From March Disappoint

WASHINGTON (CBSMiami) – The American economy sputtered in March with just 88,000 new jobs created. That was a large drop-off from the previous month’s 268,000 new jobs added to the workforce. It’s also...

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Scott Hits Campaign Mode To Push For Tax Cuts

FORT LAUDERDALE (CBSMiami) – With the 2014 gubernatorial campaign just around the corner, Governor Rick Scott is headed out on a tour around the state pushing for tax cuts. Governor Scott is likely...

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Federal Grant Rescues Miami-Dade Fire Rescue From Cuts

MIAMI (CBSMiami) – For the last six months, Miami-Dade County’s fire union and the mayor’s office have been slinging mud and insults at each other over a budget shortfall that threatened 59 jobs and...

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