Lew taps government retiree pension fund
Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S.
CBO: Obama budget cuts deficits $1.1T by 2023
President Barack Obama's budget would trim projected federal deficits by $1.1 trillion over the coming decade, using nearly $6 in higher revenues for ...
Problems surface over Ariz.'s 2007 immigration law
The immigration debate in Arizona reached a boiling point in 2007 when the state passed a groundbreaking law targeting those often blamed with fueling ...
House passes bill to prioritize US debt payments
The GOP-controlled House voted Thursday to make sure U.S. bondholders and people on Social Security get paid if the government hits its borrowing ...
Study: Immigration bill would help Social Security
A bipartisan immigration bill pending in the Senate would strengthen the Social Security trust fund by adding millions of workers to tax rolls, and ...
Fed keeps stimulus, says taxes and cuts have hurt
The Federal Reserve cautioned America's political leaders Wednesday that their policies are hurting the economy. The Fed stood by its aggressive ...
US loans from China at issue in debt-ceiling fight
Despite what you may have heard, China isn't the country's biggest creditor. America is. The bulk of the national debt — soon to exceed a staggering ...
Kodak to sell 2 businesses to U.K. pension plan
Eastman Kodak Co. has agreed to sell its personalized and document imaging businesses to its U.K. pension plan as part of an agreement that settles $2
Dems, GOP talk up deficit reduction, but don't act
Liberals' loud objections to White House proposals for slowing the growth of huge social programs make it clear that neither political party puts a ...
House GOP gears up for debt showdown this summer
Get ready for another debt showdown this summer. House Republicans are preparing for one. The House Ways and Means Committee passed a bill Wednesday ...
Judges' lawsuit: Disability system 'in crisis'
Social Security's disability program is overwhelmed by so many claims that judges sometimes award benefits they might otherwise deny just to keep up ...
Poll: Trust in government, Obama approval slip
President Barack Obama's re-election glow is gone. Congress' reputation remains dismal. And only about one in five Americans say they trust the ...
Lew says budget deal with Congress can be reached
Treasury Secretary Jacob Lew told Congress on Thursday that the Obama administration is optimistic about a budget deal, but he urged lawmakers to ...
US budget deficit for March grows by $107 billion
The U.S. federal budget deficit grew more slowly in March than the previous month, keeping the annual spending shortfall on pace to finish below $1 ...
A glance at key Obama budget provision
President Barack Obama's 2014 budget includes a key change in the way the government measures inflation. If adopted, the chained Consumer Price Index ...
Liberals balk at Obama's 2nd-term overtures to GOP
Liberal lawmakers from Congress and a coalition of like-minded groups rallied outside the White House on Tuesday, voicing frustration at the ...
Obama budget hit from left and right alike
Even before it is unveiled, President Barack Obama's new budget is opening to poor reviews from liberal allies entrenched in their opposition to ...
IRS takes steps to combat identity theft
The 2014 budget proposal to be released by the White House on Wednesday will include new steps to combat what the Internal Revenue Service says is an ...
Cyprus crisis ruins dying father's plans for kids
When Costas Kalapodas was diagnosed with brain cancer two years ago and given months to live, he saw one sure place to put his money: Cyprus' biggest ...
Pain bites into Portuguese life as crisis deepens
Serving a frugal lunch in their kitchen not much bigger than a bathroom, Pedro and Elena Baptista spoon stewed chicken feet onto their boiled potatoes ...
Portugal's prime minister says deeper cuts coming
Despite two years of corrosive austerity measures since it needed an international financial rescue, Portugal's prime minister told his country Sunday ...
Obama: Budget not 'ideal' but has 'tough reforms'
President Barack Obama says his soon-to-be released budget, already criticized by friends and foes, is not his "ideal plan" but offers "tough reforms" ...
Dim labor report shows US added just 88K jobs
A streak of robust job growth came to a halt in March, signaling that U.S. employers may have grown cautious in a fragile economy. The gain of 88,000 ...
Obama plan hits seniors, low-income taxpayers
President Barack Obama's proposal to change the way the government measures inflation could lead to fewer people qualifying for college grants and ...
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