WASHINGTON — President Barack Obama said Saturday new budget rules that say spending cuts must accompany spending increases will force Congress ...
WASHINGTON — The Senate voted Thursday to allow the government to go a whopping $1.9 trillion deeper in debt, offering a vivid election-year rem...
The Senate is expected on Tuesday to reject an amendment creating a fiscal commission that would recommend deficit-cutting measures Congress would hav...
Corporations can now directly intervene in campaigns with candidate-specific ads. The only requirement remaining is that they not be coordinated with a campaign. But that's a requirement more of form than substance.
There's good news and bad news today for the US economy. The good news is that consumer spending rose 0.7% last month, according to the Commerce Depar...
Daniel Suelo wasn't poor, a victim of bad luck, mentally ill, or even uneducated. He just decided that he wanted to have nothing to do with money. So ...
The persistent skepticism from the president's own party, along with new doubts raised by Republicans who have generally supported broadening the conf...
History will judge Barack Obama over the long haul. But we've learned something in the short term that is simple, obvious, and has less to do with him...
Obama, speaking with a group of columnists and reporters at a White House lunch today, conceded that Americans "are right to be concerned" about the a...
A bi-partisan commission that would tame the federal deficit by limiting cost-cutting decisions to a select number of lawmakers is gaining traction in...
Just weeks before returning to their districts for Christmas, Congress is poised to give the gift of pork - roughly $4 billion of it. More than 5,000...
A new analysis by a leading MIT economist provides new ammunition for Democrats as the Senate begins formally debating the historic health-reform bill...
WASHINGTON — Even with an economic revival, many U.S. jobs lost during the recession may be gone forever and a weak employment market could ling...
So it's time for an emergency jobs program. How is a jobs program different from a second stimulus? It's a matter of priorities. The 2009 Obama sti...
The Obama administration, under pressure to show it is serious about tackling the budget deficit, is seizing on an unusual target to showcase fiscal r...
Can you imagine an America without a strong middle class? If you can, would it still be America as we know it?
Since the beginning of the presidential campaign, Barack Obama and his advisers have repeatedly claimed that they don't listen to DC's conventional wi...
Many Republicans know this "deficits will kill us" stuff is bull. The country can afford to spend money to put Americans back to work, just as surely as it could afford to spend money to fight World War II.
UPDATE (8:43 p.m. EST): NBC has replaced this woman's comment about Muslims with a less inflammatory comment: "I'm scared to death for my country. I ...
WASHINGTON — With hardly any debate, a powerful Senate committee Thursday approved President Barack Obama's $128 billion request for military op...
After a year of economic crisis and an even longer slump, the nation's retailers are facing a consumer who's more reluctant to buy than ever before in...
While the consumer is motivated to save money the desire to spend money runs deep in our culture.
Officials must often make a choice: to remain silent and keep their jobs, or to resign and speak the truth. Faced with this dilemma, on March 12, 2008, David Walker chose to resign.
The Great Recession may be technically ending, but I recommend that consumers proceed with caution.
Since consumer spending represents about 2/3 of our economic engine, the economy will recover when consumers feel the time is right -- not when someone else tells consumers it will.
