When an earthquake-triggered tsunami cascaded into this tiny island in late September, the result was 34 lives lost and untold millions in property damage. But a CNN investigation to air on tonight's "AC 360" has uncovered an array of unsettling facts that point to a single conclusion: this natural disaster was in many ways a man-made tragedy.
Sharon Phillips is a regular at the Anchorage Jobs Center Midtown -- grateful for the resource but a bit frustrated she has to keep coming.
Republican amendments that Democrats said would broaden current restrictions on federal funding for abortion were defeated Wednesday by a Senate committee considering the only compromise health care bill so far.
The government promised $27.5 billion in stimulus funds to help fix the nation's crumbling roads and bridges as part of a broader effort to save jobs. The effort is working...sort of.
The nation's economy is starting to rebound, but the Obama administration's massive stimulus package had little to do with it.
Fiscally-stressed states are using their stimulus dollars to satisfy immediate needs rather than undertake longer-term reforms, according to a government report released Wednesday.
So just how many stimulus jobs have been created or saved so far?
President Obama urged Congress to adopt a "pay-as-you-go" approach to federal spending in order to restore fiscal discipline, but critics say the president's call lacks credibility.
Big companies, ranging from AT&T to Dell to FedEx to Tyson Foods, are among those cashing in on the billions of dollars of federal stimulus money that is rolling out the door.
House Democratic leaders plan to drop a provision -- backed by President Obama -- from the $100 billion war funding bill that would bar the release of detainee photos, according to House Democratic congressional aides.
When an earthquake-triggered tsunami cascaded into this tiny island in late September, the result was 34 lives lost and untold millions in property damage. But a CNN investigation to air on tonight's "AC 360" has uncovered an array of unsettling facts that point to a single conclusion: this natural disaster was in many ways a man-made tragedy.
Sharon Phillips is a regular at the Anchorage Jobs Center Midtown -- grateful for the resource but a bit frustrated she has to keep coming.
Republican amendments that Democrats said would broaden current restrictions on federal funding for abortion were defeated Wednesday by a Senate committee considering the only compromise health care bill so far.
The government promised $27.5 billion in stimulus funds to help fix the nation's crumbling roads and bridges as part of a broader effort to save jobs. The effort is working...sort of.
The nation's economy is starting to rebound, but the Obama administration's massive stimulus package had little to do with it.
Fiscally-stressed states are using their stimulus dollars to satisfy immediate needs rather than undertake longer-term reforms, according to a government report released Wednesday.
So just how many stimulus jobs have been created or saved so far?
President Obama urged Congress to adopt a "pay-as-you-go" approach to federal spending in order to restore fiscal discipline, but critics say the president's call lacks credibility.
Big companies, ranging from AT&T to Dell to FedEx to Tyson Foods, are among those cashing in on the billions of dollars of federal stimulus money that is rolling out the door.
House Democratic leaders plan to drop a provision -- backed by President Obama -- from the $100 billion war funding bill that would bar the release of detainee photos, according to House Democratic congressional aides.
South Carolina's Supreme Court ruled Thursday that Gov. Mark Sanford must accept $700 million in federal stimulus money, ending the only formal effort by a governor to reject funding intended to jump-start an ailing economy.
The Obama administration, issuing its first progress report on the $787 billion stimulus program, said Wednesday that $88 billion has been made available and that it's ahead of schedule in implementing most initiatives.
Located outside a small Pennsylvania city, John Murtha airport may not see many passengers. But it's seen plenty of arrivals of tax dollars from Washington, most recently economic stimulus funds.
Rural America is about to get gold-plated broadband service, if the results of a recent survey of telecommunications companies are to be believed.
Much-needed federal dollars will start flowing to schools in three states in the next few weeks as part of the American Recovery and Reinvestment Act.
The Obama administration released a draft of guidelines for federal funding of human embryonic stem cell research Friday.
Across the country, in nearly every state, boom times are coming for programs to make homes more energy-efficient.
Forget about the debate over stimulus "coordination" coming out of the March G-20 meeting, or whether some countries, like France and Germany, should do more. The fact is, between China's $586 billion stimulus, Japan's $200 billion, and U.S. government outlays that will soon be the highest share of GDP since World War II, we're already looking at more than $2 trillion of added government spending worldwide in response to this recession. That's an unprecedented global wave, and it means that government will soon be exerting more influence over business than it has in decades.
Should a bridge that would connect two campuses at Microsoft's headquarters be funded with $11 million from the federal stimulus package?
It's not that easy to turn down federal funds.
Populist outcry over AIG bonuses and government bailouts is putting pressure on states to ensure federal stimulus dollars are not only spent wisely but also transparently.
Big money often spurs big battles. A month after President Obama signed the $787 billion economic stimulus law, governors and state lawmakers are already fighting with Washington and each other about putting the money to use.
The latest spectacle in the AIG circus is a supposedly tough federal rule on executive compensation that has drawn no blood.
As the budget debate heats up, Republicans are warning of socialism in the White House and claiming that Democrats are rushing back to their dangerous tonic of big government.
Ty'Sheoma Bethea felt she had to speak up.
Vice President Joe Biden told a group of state leaders Thursday that the Obama administration is set to unveil a series of regulations restricting the use of funds from the recently-enacted economic stimulus plan.
New York has scrapped a proposal that would have raised taxes on items such as sugary soft drinks, iTunes downloads and haircuts, Gov. David Paterson said Wednesday.
The $410 billion budget President Obama signed Wednesday will make it easier for U.S. residents to travel to Cuba and to send money to family members on the island. It also could facilitate the sale of agricultural and pharmaceutical products to Cuba.
President Obama on Wednesday called for a reform of the much-maligned federal earmarking process.
It's impossible to listen to debates about the federal budget without getting an earful about earmarks.
A massive spending bill that funds the U.S. government for the rest of the budget year passed the Senate on Tuesday despite complaints about nearly $8 billion in what critics called "pork-barrel" projects.
President Obama signed an executive order Monday repealing a Bush-era policy that limited federal tax dollars for embryonic stem cell research.
A top congressional Republican on Sunday criticized President Barack Obama's expected decision to reverse the Bush administration's limits on embryonic stem-cell research, calling it a distraction from the country's economic slump.
After postponing a vote on a $410 billion spending bill, Senate Democrats planned to consider Republican amendments as early as Friday to get the votes needed to move the legislation forward.
As a spending bill loaded with pork makes its way through Congress, President Obama is getting pushback from members of his own party who are questioning his vow to end wasteful spending.
Two Senate Democrats urged President Obama Wednesday to veto a $410 billion spending bill and said they are going to vote against it, criticizing it for its cost and for including too many personal pet projects.
House Majority Leader Steny Hoyer declared Tuesday that Congress, not President Obama, will decide whether to put more limits on earmarks in upcoming spending bills.
The U.S. Senate began tackling a $410 billion emergency spending bill Monday aimed at keeping the federal government operating for the remainder of fiscal year 2009, which ends September 30.
Louisiana Gov. Bobby Jindal's swipe at federal spending to monitor volcanoes has the mayor of one city in the shadow of Mount St. Helens fuming.
Though they support some federal action to help their states recover from the recession, several Republican governors said Sunday they plan to turn down a portion of what's offered in the stimulus bill that President Obama signed last week.
Gov. Mark Sanford of South Carolina took umbrage at my writing that his approach to the economic crisis is to do nothing. I'll deal with his "ideas" in a moment, but first let me make a modest proposal:
President Obama's newly revamped Office of Faith Based Initiatives is reigniting a contentious debate across the ideological spectrum over whether religious organizations that accept funds from the government should be allowed to discriminate when hiring.
Massachusetts state workers and retirees face higher deductibles and co-pays on their health insurance.
Slashing government spending is certainly a phrase that plays well on the campaign trail.
The debate over government spending is heating up on the campaign trail and raising greater focus on which presidential candidate will really change the way Washington does business.
Republican presidential nominee John McCain has hammered home the message that he hates pork and wants to balance the budget by 2013.
President Bush on Monday signed a bill that will pay for the wars in Iraq and Afghanistan through the remainder of his presidency and into spring 2009.
Defying President Bush's demand to send him a clean war funding bill, House Democratic leaders unveiled legislation Tuesday that conditions the money on withdrawing U.S. troops from Iraq and adds billions of dollars in domestic spending.
The candidate told "forgotten" America that big government isn't the answer, but his message wasn't aimed only at them
Democratic lawmakers and staffers privately say they're closing in on a broad budget deal that would give President Bush as much as $70 billion in new war funding.
A top Democrat who had hinted that a compromise on war funding was possible appeared to back away from the idea Friday as the Democratic congressional leadership refused to consider it.
The Federal Reserve left interest rates unchanged for the fifth straight time in January. Following are the minutes from the central bank's meeting:
President Bush in his State of the Union address Tuesday laid out a plan intended to make healthcare more affordable, give everyone who buys insurance the same tax break and incentivize you to be more cost-conscious in how you spend your healthcare dollars.
George W. Bush seldom suffered personally from doing what's unpopular politically. In fact, you could argue that he has made a career of it, holding fast to positions that many voters reject, as a sign of strength in these dangerous times. So his willingness to exercise his first-ever veto this week on a bill that would expand federal funding for human embryonic-stem-cell research, which 2 out of 3 voters favor, is not just a way to stroke his political base. "People like leadership much better than a finger in the wind," says White House press secretary Tony Snow. As Bush explained to him while in St. Petersburg, Russia, for the G-8 summit last week, "I took a position. I believe in it. So that's what I'm going to do."
NEW YORK (CNNMoney.com) - Do you live in a "donor" state?
Are you a confused Capitalist? With crises looming in health care, pensions, and energy (to pick the short list), corporate America's pragmatism is sorely needed in public life. Yet the business co...
The Supreme Court ruled Monday that universities that accept federal money must allow military recruiters on campus, even if they oppose the Pentagon's policy barring people who are openly homosexual from serving.
While the Fed's recent series of interest rate hikes hasn't sent traditional 30-year mortgages through the roof, it's driving up rates on other popular home loans.
With President Bush promising a big push to rebuild New Orleans and the Gulf Coast in the wake of Hurricane Katrina, many are wondering how the government's going to pay for all this.
After impassioned debate, the House passed a controversial bill Tuesday that would expand public funding for embryonic stem cell research -- a measure President Bush threatened to veto last week.
WHAT DO GENERAL MOTORS' WOES, the Medicare prescription-drug law, the state and local health-care time bomb described in the previous story, and Congress's recent refusal to trim soaring state Medi...
The Bush administration plans to introduce legislation to restructure the nation's passenger rail system, while Amtrak supporters in Congress fight to maintain funding in next fiscal year's budget.
Faced with an $8 billion budget shortfall, California Gov. Arnold Schwarzenegger will visit the nation's capital Thursday, with a bipartisan group of state legislators in tow, to lobby for a larger piece of the federal pie for the Golden State.
The day before the curtain was to be raised for a week of well-practiced political theater, Republican National Convention delegates flocked Sunday to New York's Great White Way for a taste of a different kind of theater.
Billions of dollars earmarked by Congress for state and local homeland security are going unused because of safeguards meant to combat fraud and waste in government spending, according to a report released Thursday.
Contrary to popular belief, the curse "May you live in interesting times" may not be Chinese, and it may not be ancient.
The Federal Reserve will probably raise interest rates soon. And that's causing tech investors to flee for the exits.
The economy grew at roughly the same pace in the first quarter as it did in the fourth quarter, the government reported Thursday, coming in below forecasts on Wall Street.
Democratic presidential candidate John Kerry promised Wednesday he would cut the federal budget deficit before it becomes a "fiscal cancer" that undermines the U.S. economy.
When Alan Greenspan testified before congress in mid-February, the Fed chairman delivered a Valentine's Day garland to the recent performance of the U.S. economy, lauding the "stunning increases in...
Federal budget policy is more of a mess today than it's been in decades. Deficit spending will reach an estimated $157 billion this year and will continue for several more years even in the rosiest...
The presidential candidates have seized on education in the hope of finding an issue that will ignite voter excitement. Bush's and Gore's plans differ in nuance, but both men advocate policies that...
Late last year I bought Boeing at $34, close to its lowest price since 1995. The company had a lot of problems then. And you know what? It's still got a lot of problems. But the stock is up 36% to ...
When did big government begin? Conservatives of all ages tend to think federal spending went out of control around their tenth birthday. Commentators who have a little more historical perspective t...
Washington will be buzzing in the months ahead with talk about balancing the budget, cutting back government outlays, and pruning federal programs, but here's a prediction: Until Congress dramatica...
WASHINGTON'S MAJOR PLAYERS ARE GETTING ready for the blame game. After 26 straight years of federal budget deficits, government leaders are finally gearing up to slash spending dramatically. Troubl...
THE WASHINGTON business lobby is awash in euphoria. "I haven't felt this good since Reagan won," says Dirk Van Dongen, head of the National Association of Wholesaler-Distributors. Jerry Jasinowski,...
PRESIDENT Clinton now seems to be pinning most of his hopes for further deficit reduction on the reinventing government initiative to streamline the bureaucracy. But what he and many others in Wash...
President Clinton claims that his economic plan -- the latest ''major attack'' on the federal budget deficit to be launched by Washington -- will reduce the deficit by almost $500 billion over five...
Amid all the confusion, here are at least six things you can count on from Bill Clinton's revolutionary -- and still evolutionary -- economic plan.
YOU SAY you've heard enough about the federal budget deficit? You know it will come to roughly $314 billion in fiscal 1992? You know the national debt grew from nearly $1 trillion ten years ago to ...
IN NEW HAMPSHIRE, where the February 18 primary is fast approaching, there is only one political issue: the sputtering U.S. economy. Now that Mario Cuomo has made his to-be-or-not-to-be decision, D...
IS THERE an economic phenomenon more frustrating than the federal budget deficit? For a decade it has mocked us, defying all efforts to eliminate it -- from the Gramm-Rudman-Hollings Act of 1985, w...
We should properly relish the failure of Communism and the corresponding triumph of capitalism, but we should try to be realistic about what we are celebrating. Our society has won because, through...
WHEN WERE YOU LAST at a dinner party where someone didn't raise at least one of these perennially favorite topics: (1) how that $47,500 subdivision split- level, bought in 1973, is now worth a cool...
THEY SUPPORTED BUSH overwhelmingly in the election, but now that he's about to become their President, America's CEOs have stern talk for him about the deficit. Cut it, they say. Cut spending in al...
IT'S HARD TO SPOT Vice President George Bush without an economist at hand. The Yale Phi Beta Kappa in economics figures that distinguished conservative thinkers can help him convey an upbeat econom...
Many Americans, including this reviewer, wish to reduce the role of government in their lives. But not many of us libertarians have thought much about a strategy for doing so. We have generally bel...
POLITICIANS, pundits, and most economists have come to agree that the federal budget deficit is the paramount problem facing the U.S. By ''the deficit'' they no longer mean the difference between t...
The war on federal spending--at least the rhetorical war--will heat up in the coming months as President Reagan renews his call for the line item veto, the power for the President to veto individua...
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