WZTV FOX 17 - Top Stories
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
Miss. chooses new firm to run Woodville prison
May 18, 2013 20:50 GMT
WOODVILLE, Miss. (AP) -- Mississippi officials have picked a new company to run the Wilkinson County Correctional Facility.
Utah-based Management and Training Corp. announced Friday that the Mississippi Department of Corrections has chosen it to run the 1,000-bed prison starting July 1, the Natchez Democrat reports (http://bit.ly/10MvOGv).
Corrections Corporation of America, based in Nashville, Tenn., had run the prison since 1998. MTC says it will keep "the vast majority" of employees.
MTC will get a five-year contract to run the prison with two one-year options. Last year, officials chose MTC to take over East Mississippi Correctional Facility, the Walnut Grove Correctional Facility and the Marshall County Correctional Facility from the GEO Group. MTC won 10-year contracts for each.
CCA still runs the Tallahatchie County Correctional Facility and the Adams County Correctional Center in Mississippi.
Information from: The Natchez Democrat, http://www.natchezdemocrat.com/
Gauge of US economy's future health up in April
WASHINGTON (AP) -- A measure of the U.S. economy's future health rose in solidly in April, buoyed by a sharp rise in applications to build new homes and apartments.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: LABOR GROUP SAYS CONDITIONS AT APPLE PLANTS IMPROVING
WASHINGTON (AP) -- A labor group Apple joined to assess working conditions at three manufacturing plants in China, where its products are made, says conditions are getting better.
ON THIN ICE?
ANCHORAGE, Alaska (AP) -- He was already on thin ice with the law when he failed to meet the conditions of his probation.