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WZTV FOX 17 - Top Stories
(AP) A sea of red ink is confronting the nation and presidents to come.
The budget deficit _ the shortfall created when the government spends more in a given year than it collects _ is on track to top $1 trillion for the fourth straight year. The government borrows about 40 cents for every dollar it spends.
The national debt is the total amount the federal government owes. It’s risen to a shade over $16 trillion.
There’s widespread agreement that something must be done. One big question is whether to slow spending gradually, to avoid suddenly tipping the economy back into recession, or to impose steep spending cuts right away because the problem is so severe. And how should tax revenue fit into the mix?
The budget deficit _ the shortfall created when the government spends more in a given year than it collects _ is on track to top $1 trillion for the fourth straight year. The government borrows about 40 cents for every dollar it spends.
The national debt is the total amount the federal government owes. It’s risen to a shade over $16 trillion.
There’s widespread agreement that something must be done. One big question is whether to slow spending gradually, to avoid suddenly tipping the economy back into recession, or to impose steep spending cuts right away because the problem is so severe. And how should tax revenue fit into the mix?
Thursday, October 4 2012, 03:41 AM CDT
Tennessee News
Houston brother will be his own attorney in court
June 18, 2013 13:02 GMT
KNOXVILLE, Tenn. (AP) -- A Roane County man will face federal gun violation charges next month without an attorney.
The Knoxville News Sentinel (http://bit.ly/17VlXpM ) reported Rocky Joe Houston will represent himself on a charge of possession of a gun by a felon.
The charge came after Houston earlier represented himself in state court on charges stemming from a police chase. He was convicted of evading arrest and reckless endangerment.
Houston and his brother, Leon Houston, were tried, but not convicted, in the 2006 shooting deaths of a Roane County deputy and his ride-along companion.
In federal court, Rocky Joe Houston is claiming the officer who charged him with the felony had no legal authority.
Information from: Knoxville News Sentinel, http://www.knoxnews.com
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