It's 2023 -- and this is America 10 years after the first across-the-board federal budget cuts known as sequestration went into effect.
WASHINGTON — With no broader budget deal in sight, a key House panel responsible for implementing sweeping cuts to agency budgets moved Wednesda...
WASHINGTON -- The government's food stamp program, which helps feed 1 in every 7 America, was one of the few programs exempted from this year's automa...
The sequester is going to be painful but the pain that we will suffer from the type of severe spending cuts that Republicans want will be much worse, and the long-term damage to our economy extreme.
WASHINGTON — Parked around the airstrip at Joint Base San Antonio-Lackland are more than a dozen massive C-5A Galaxy transport planes. There is ...
Goldman Sachs economists predicted on Friday that the federal budget deficit will shrink over the next few years by more than previously projected. ...
Hagel is considered a "realist" and so when it comes to such cuts, this is undoubtedly the best we're likely to get out of Washington for a long time to come. Unfortunately, it turns out that the best is pretty poor stuff.
WASHINGTON -- Treasury Secretary Jacob Lew has become the latest member of President Barack Obama's Cabinet to give back a portion of his salary. The...
WASHINGTON -- The ripple effects of sequestration are taking hold. And among the first and most affected are hundreds of lower-income parents forced t...
BALTIMORE -- Antonio Hammond is the $18,000 man. He's a success story for Catholic Charities of Baltimore, one of a multitude of organizations trying...
WASHINGTON — Defense Secretary Chuck Hagel put the Pentagon and Congress on notice Wednesday that he is considering fundamental changes to the s...
WASHINGTON — President Barack Obama is on his first golf outing since automatic spending cuts known as the sequester went into effect on March 1...
WASHINGTON -- Members of Congress are traveling less and worrying more about meeting office salaries. Their aides are contending with long lines to ge...
WASHINGTON — When it comes to budgets, balance is in the eye of the congressional beholder. To House Republicans, it means a balanced budget in...
WASHINGTON — Attorney General Eric Holder says he has averted daily furloughs of 3,570 federal prison staffers around the country, moving $150 m...
CHICAGO — Under orders to trim hundreds of millions of dollars from its budget, the Federal Aviation Administration on Friday released a final l...
Until leading politicians reach the right balance of tax increases and spending cuts, any chance of long-term sustainability and returning to a Standard and Poor's AAA sovereign credit rating is slim.
WASHINGTON -- House Speaker John Boehner (R-Ohio) laid down a tough requirement for raising the debt ceiling Thursday, all but ensuring a reprise of t...
Two and a half weeks after sequestration took effect, Rep. Alan Grayson (D-Fla.) is not standing back in the face of the severe cuts. The Other 98...
City officials in one Missouri town have come up with a simple plan to cut public spending: BYOTP. That's right, male public works employees in Wi...
By ANDREW TAYLOR, THE ASSOCIATED PRESS WASHINGTON — Acting on the Senate's first budget since President Barack Obama took office, a Democratic-le...
* Furloughs expected to begin in mid-July, total 11 days * Furlough days will be sporadic, none in succession WASHINGTON...
WASHINGTON — President Barack Obama is opening the door to the possibility of a resumption of White House tours for student groups amid some con...
Sen. Tom Coburn (R-Okla.) did not mince words about sequestration on Sunday. In an interview on NBC's "Meet The Press," Coburn railed against the a...
WASHINGTON -- President Barack Obama says he's reaching out to lawmakers from both parties in hopes of untangling the gridlock that has stymied progre...
