In response to the downgrade today, Wolf called for swift action to complete the state budget.
"Meanwhile, the House Republicans were leading the way as they uncovered billions - yes, with a 'B"! - in extra funds. "I have said repeatedly for three years that we must responsibly fund the budget with recurring revenues". "My budget proposal was balanced, cut more than $2 billion in expenditures and consolidated agencies, while also fixing the deficit". Their letter said further borrowing "creates an economic "moral hazard" that effectively increases the long-term risks to the commonwealth's finances" and that they were therefore "disinclined to support additional lending" to the state's General Fund. The credit rating agency lowered its rating on Pennsylvania's debt. Let the governor know you noticed his lack of responsibility in crafting a responsible budget while those who owed tax payments continued to meet their obligations on time. Governor Wolf and the Senate are at odds with the House on how to fully fund the budget that became law back in July, and reaction to the downgrade broke along those lines.
"For months, I have warned that a credit downgrade was looming", Gov. Tom Wolf said in an emailed statement. "If an agreement has not progressed by next week, I will be forced to take further steps to manage this situation".
The House GOP said the focus needs to be on tackling entitlement programs and corrections costs.
If the General Assembly had enacted the modest personal income tax increase Governor Wolf proposed in February 2017, not only would the budget be balanced this year, but there would be nearly no carryover deficit from last year.
Unfortunately, like it or not, fair taxation is the only realistic, reliable and stable method to balance a government budget.
"No doubt some Republican legislators and some advocates will say that the real cause of the budget deficit is overspending".
Democrats have accused anti-tax House Republicans for the downgrade, while House Republicans blame S&P and state officers who "refuse to pay bills". That means counting on another expansion of casino-style gambling in the nation's No. 2 commercial casino state, an expansion that lawmakers haven't even approved.
Officials at a central IL high school say police have someone in custody after one person was wounded during a shooting. We are working to get more information on this developing story and will update it as soon as details are available.
Cuba has denied any involvement and has been uncharacteristically forthcoming in their willingness to help. The U.S. has said the tally of Americans affected could grow as more cases are potentially detected.
That's nearly certainly not true, given the Medicaid expansion rollback that would take place under the bill. Kimmel acknowledged that some viewers might object to the overtly political message of his monologue.
Roughly 6.7 billion shares changed hands on US exchanges compared with the 6 billion average for the last 20 sessions. That compares with the 5.9 billion daily average for the past 20 trading days, according to Thomson Reuters data.
The administration must decide in mid-October whether it will certify that Iran is still in compliance with the agreement. He also decried the "disastrous rule" of Venezuela's Nicolas Maduro and urged the U.N.to step in.
Liverpool manager Jurgen Klopp has reassured Alex Oxlade-Chamberlain he has not made a mistake in coming to Anfield. Another peripheral first-team player in contention to feature for Liverpool is Jon Flanagan.
At the same time, the Kurdistan Region is moving forward with its historic referendum on independence scheduled for Sep. 25. Russian oil giant Rosneft said today that will soon finalise a deal to develop pipelines in the Kurdistan region of Iraq.
Mattis Leaves the Door Open to Military Options in North Korea
Meanwhile the United States and Chinese leaders have committed to "maximising pressure on North Korea", the White House has said. Several Pentagon officials say Mattis was not signaling that tactical nuclear weapons are likely to be placed in South Korea.
SK hynix keeps mum on Toshiba deal
Western Digital also reiterated that it expected to win its arbitration against Toshiba at the International Chamber of Commerce. The iPhone X maker, however, extended its support to Bain consortium to buy the Toshiba memory chip unit worth $22 billion.
Kenya's presidential re-run may be postponed
Armed police patrolled the entrance to the court and trucks filled with security forces were parked outside the building. The constitution dictates the poll take place within 60 days of the Supreme Court's ruling, which is October 31.
Tara's Take: McAdoo takes his turn in the crosshairs
It doesn't get any easier for the Giants , either, not with road games against Philadelphia and Tampa Bay in the next two weeks. Matthew Stafford is making the leap from very good quarterback to a great franchise quarterback in front of our eyes.
Alec Baldwin just majorly dissed President Trump
Alec has had three kids with his wife in the last three years but in 2017 thus far, the pair hasn't conceived for the fourth time. Producer Lorne Michaels nailed the short speech requirement, accepting a statue for Best Comedy Series for Saturday Night Live .
Toys R Us could be close to filing bankruptcy
But in a statement sent to various media outlets, chairman and CEO Dave Brandon was optimistic about the future of the chain. The retail giant has now announced its north American arm is seeking " Chapter 11 protection" from the US Bankruptcy court.
Russian helicopter fires at spectators during military exercise
An incident with a combat helicopter that fired a missile at spectators has recently occurred during Zapad 2017 military drills . It said Tuesday two people were wounded and two vehicles destroyed in the incident during the Zapad (West) 2017 maneuvers.