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Associated Press State unemployment systems are overwhelmed across the US due to a massive surge of laid-off workers filing for benefits. Budget cuts, poor staffing, and old technology are key problems hobbling state safety nets nationwide. "We haven't m.....»»

Exxon Mobil Corp. plans to lower operating spending and reduce its capital budget as the oil company grapples with weaker crude prices......»»

Exxon Mobil Corp. said Tuesday it is reducing its 2020 capex budget by 30% and lowering cash operating expenses by 30% as it works to combat the effect of lower commodity prices due to ov.....»»

Carlos Osorio/AP After the 20.....»»

No matter when the city's economy turns around as the effects of the coronavirus eventually fade, Phoenix is facing big deficits. Deputy City Manager Jeff Barton outlined a brutal budget forecast for 2021 in a teleconferenced planning meeting on March .....»»

As New York navigates the coronavirus<…; crisis, Gov. Andrew Cuomo and lawmakers are trying to find their way forward on a despite uncertainty about the size of the financial toll the outbreak... To view the full story, click the title link......»»

Occidental Petroleum Corp on Wednesday unveiled a new round of deep spending cuts, slashing budget for a second time this month and sharply reducing salaries, as the debt-laden U.S. oil producer tries to save cash amid tumbling energy prices......»»

Houston-based Phillips 66 (NYSE: PSX) is the latest major energy company to slash spending plans for 2020. The cuts include a $700 million reduction in 2020 capital spending, bringing Phillips 66's budget to $3.1 billion, according to a March 24 press r.....»»

Continental Resources Inc. said Thursday it was cutting its capital budget for 2020 to $1.2 billion, which is down 55% from the original budget of $2.65 billion as a result of .....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Parsley Energy Inc. said Wednesday it is cutting its capex budget for.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Saudi Arabia has asked state agencies to submit proposals for cuts of at least 20% to their budgets in a fresh austerity drive to cope with a sharp drop in oil prices, four sources familiar with the matter said......»»

The Bank of England cut interest rates in its first emergency move since the financial crisis and announced measures to help keep credit flowing through the economy, warning that the coronavirus outbreak will damage growth......»»

The Bank of England cut interest rates in its first emergency move since the financial crisis and announced measures to help keep credit flowing through the economy, warning that the coronavirus outbreak will damage growth......»»

Saudi Arabia has asked state agencies to submit proposals for cuts of at least 20% to their budgets in a fresh austerity drive to cope with a sharp drop in oil prices, four sources familiar with the matter said......»»

Marathon Oil Corp. said Tuesday it will cut its 2020 capital budget by $500 million, or 21%, to $1.9 billion. The stock surged 21.2% in premarket trading, after plunging 46.9% on Monday. The company said the cut was in response to the .....»»

Associated Press Trump defended his hu.....»»

Drastic cuts in aid to the small business sector in Trump's 2021 budget proposal sug.....»»