Gov. Chris Christie today unveiled a $32.9 billion election-year budget, including an expansion of Medicaid for uninsured residents, a $1.67 biliion payment into the state's troubled pension fund and a $97 million rise in spending on education.

Gov. Mike Pence has blasted his own party because the budget does not includes a 10-percent income tax cut he campaigned upon.

The majority leader of the state Senate has developed a plan under which the state would transition away from offering government employees pensions. Instead, new employees and those younger than 45 would have a 401(k) system.

The Texas state budget will lose $334 million because of the budget battle in Washington, mostly in cuts to public education programs, according to an analysis presented to lawmakers Monday.

The Jindal administration kicked off a months-long state budget debate by presenting a $24.7 billion budget that relies on the finalization of contracts involving public hospitals, property sales and other unresolved issues.

Governor Christie is banking on the billions in federal aid for superstorm Sandy to help rebuild New Jersey and boost the state budget he'll pitch Tuesday.

In an effort to put pressure on Congressional Republicans, the White House warned on Sunday that automatic budget cuts scheduled to take effect this week would have a devastating impact on programs for people of all ages in every state.

The Virginia General Assembly ended its annual session Saturday with passage of a sweeping transportation deal, handing Gov. Robert F. McDonnell a qualified victory on an issue that has vexed the state for a generation but that also puts him at odds with the conservative wing of his party.

Tennessee may be contributing much less to state employee retirement accounts in the future based on a state plan to convert to a defined contribution plan.

In 2045, federal revenues could equal 18.5 percent of the nation's gross domestic product, according to this CBO view. That includes all sources of federal revenue, including income taxes and corporate taxes as well as payroll taxes that are supposed to cover Social Security and a portion of Medicare.