Which is the better gig: The federal government or the private sector?
CNNMoney: Countdown to tax hikeupdated: Wed Dec 21 2011 10:44:00
House Republicans on Tuesday rejected the the two-month payroll tax extension passed by the Senate. But they did so indirectly.
In two weeks, the payroll tax cut that has saved workers an average of $1,000 this year will expire -- unless lawmakers in the next few days do what both parties swear they want to do and extend it.
Interest payments on the national debt could total $5.5 trillion over the next decade, or about 79% of the new debt estimated to accrue between 2012 and 2021.
The U.S. economic recovery is finally getting stronger, Federal Reserve Chairman Ben Bernanke said Friday.
Policymakers at the Federal Reserve were divided in their outlooks for the economy, suggesting that the central bank is unlikely to change direction any time soon.
Two Senate committees hold hearings Thursday on the nomination of Jacob J. Lew as director of the Office of Management and Budget.
Congress needs concrete plans for tax cuts, stimulus and deficit control because inaction dooms the economy to slow growth, a panel of economists told lawmakers on Tuesday.
Left to their own devices, lawmakers won't successfully deal with the country's spiraling debt situation. That's the opinion of some key members agitating for a special commission to force the hand of Congress.
America's national debt cannot grow beyond a limit imposed by Congress known as the "debt ceiling."
Fasten your seat belts. The week ahead could be critical as the stock market sits on the precipice of nearly 12-year lows.
Federal Reserve chairman Ben Bernanke Thursday turned up the volume on the debate over Social Security reform - an issue that was declared dead last year but has been injected with new life in recent weeks.
The senior Democrat on the Senate Budget Committee said Saturday that President Bush is "passing on a crippling and growing debt to our children and grandchildren."
The drive to reform Medicare and add a prescription-drug benefit is among the most popular initiatives to hit Washington in years. Polls show that more than 70% of Americans approve of the concept...
Fortune: Red Ink Runneth Overupdated: Mon Jun 24 2002 00:01:00
Over the next few weeks Congress will do something it hasn't done for a while--fret publicly about budget deficits. Politicians will confront the issue as early as this month, when they'll have to ...
In recent years, fiscal restraint and balanced budgets were perceived to be the ultimate measures of good government. The government ran a budget surplus from 1998 to 2000. Overnight, all that has ...
Silicon Valley, which has propelled innovation and economic growth for the past six years, is wounded. With layoffs, rolling blackouts, and rumors of Arnold Schwarzenegger gunning to run the entire...
I was wrong." You'll never hear Federal Reserve chairman Alan Greenspan say that when he's testifying before Congress. But he came close in late February, when he told the Senate Budget Committee t...
For more than a year, we've been strongly recommending high-quality bonds for their potential capital gains. That has been a good call--bonds have been roaring past stocks. Since interest rates pea...
About one American worker in 10,000 dies in an on-the-job accident. Cooks in restaurants have higher mortality rates than firemen. Federal regulations on formaldehyde exposure result in expenditure...
The latest idea in Washington -- to instantly make good on the boldface above -- is to have the government spend more money. Wait, do not slink away so fast. We know that spending money is not a ne...
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