Spain seeks 125 billion euro bailout for banks
Madrid asks Europe for rescue funds as international investors and the Obama administration push for stability amid the eurozone crisis. The aid targets the banking sector with no broader austerity tied to the economy, awaiting independent banking audits due by June 21.
MENTIONED IN THIS ARTICLE
Madrid
Spain
Europe
Obama
Greece
Peterson Institute For
Portugal
Ireland
de Guindos
Lawmaker Hixon critiques Department of Administration bill fate
Hixon laments the failure to pass the Department of Administration bill which would repeal the Budget and Control Board. He notes the ongoing year long fight and questions the bill’s direction, urging exploration of better reform options.
MENTIONED IN THIS ARTICLE
Department of Administration
Budget and Control Board
Hixon
Representative Smith touts budget wins for South Carolina
Rep J Roland Smith District 84 highlights include keeping a 2 percent state employee raise, adding 48 million for Education Improvement Act salary supplements, fully funding 300 million for deepening Charleston port, and 65 million for Small Business Income Tax Relief. He notes Senate adds 40 million but still short of law. He criticizes unfinished proposals to abolish the Budget and Control Board and overhaul retirement system.
MENTIONED IN THIS ARTICLE
House
Charleston
Michelin
Continental
Bridgestone
Smith
South Carolina
United States
Spires cites session gains and stalled tax cuts
Representative L Kit Spires credits the session with growth in industry such as Bridgestone in Aiken and the inspector general's office to curb fraud. He notes failure to pass individual income tax cuts, potential budget restoration, and ongoing conference work for pension reform and tax plans. He highlights achievements like Right to Work, liability protections, and road funding, while pushing reforms to FOIA and state retirement.
MENTIONED IN THIS ARTICLE
Bridgestone
Aiken
Ment
Inspector General
General Assembly
Senate
Senate delegation members discuss bills and budget reform
Sen Massey hopes two bills pass, one to abolish the Budget and Control Board and another to overhaul the retirement system to ensure long term financial stability. Both are in conference. Session reconvenes June 19. Sen Ryberg notes retirement reform moves to conference committee. He also regrets ballot and revenue issues amid 292 million projected surplus.
MENTIONED IN THIS ARTICLE
Lam
State Budget and Control Board
Sam
Senate
House
Greg Ryberg
Hights
Also Mentioned on This Page
Assus
Rep
J. Roland Smith
Shane Massey
Rep. L. Kit Spires
Bill Taylor
Tom Young
Department of Transportation
Ong Bill
WUCC
Ady
Tisin
Aiken County
Sheriff
Michael Hunt
Laurel Drive
Graniteville
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