Agriculture Close To Avoiding Furloughs
Sequester Hits Disaster Relief
Feds Respond to Oklahoma Tornadoes
Making Government 'Simpler'
OK Senators Leery of Unfunded Tornado Relief
Boldly Go Where No Fed's Gone Before
AUTHOR ARCHIVES
Americans donate almost $8 million to pay down debt
October 16, 2012 More than any time since the mid-1990s, citizens are pitching in to help the government pay its debt. During the latest fiscal year, which began shortly after a fight over the statutory borrowing limit cast the country's eyes on its ballooning debt, citizens gifted nearly $7.7 million to the government ...
Republican senators press Treasury on debt limit plans
October 15, 2012 Two senior Republican senators, Orrin Hatch, R-Utah, and Jeff Sessions, R-Ala., are pressing Treasury for regular updates on how close the country is to hitting the statutory debt limit and what steps the administration might take to avoid default. "Our understanding is that neither the administration nor the Treasury had ...
Charge that BLS employees manipulated jobs data called unlikely
October 8, 2012 The high-wire act of keeping the country’s economic data secret is guided by a hyper-precise atomic clock and a dryly named 27-year-old rule, Statistical Policy Directive Number 3. The directive dictates the process for releasing the country’s most closely watched data, including the monthly employment report, the latest of which ...
Jobs and deficit likely to dominate debate
October 3, 2012 Wednesday evening’s presidential debate is a chance for voters to see where President Obama and his GOP challenger Mitt Romney stand on key domestic issues such as job creation, the budget, and health care policy. The 90-minute event, moderated by PBS’s Jim Lehrer, will be divided into six 15-minute sessions—half ...
Bernanke warns of dire risk from fiscal cliff inaction
July 17, 2012 Federal Reserve Chairman Ben Bernanke delivered one of his bleakest assessments of the U.S. economy on Tuesday, warning of dire risks surrounding the approaching fiscal cliff. In testimony prepared for a semiannual Senate Banking Committee hearing, the Fed chief put lawmakers on notice that a failure to resolve differences over ...
Debt limit fight looms, but not until after the election
February 21, 2012 The U.S. economy is finally gaining strength. Unless the recovery derails, the country is unlikely to see another bitter showdown over raising the debt limit before the Nov. 6 election. The fight will surely be nasty, but just how nasty depends on how the election turns out. Treasury Secretary Timothy ...
Geithner reminds that 2012 debt limit fight is likely
February 17, 2012 The U.S. economy appears to be gaining strength, but that won’t prevent another bitter showdown over raising the debt limit this year, according to Treasury Secretary Timothy Geithner. “I think even with agreement and prospect on the payroll tax, we still do not expect to hit the debt limit until ...
White House seeks Treasury savings through streamlining
February 13, 2012 The White House proposed saving money through improved efficiency at the Treasury Department in fiscal year 2013 as it introduced a new fee on large financial firms that would compensate Americans for their losses during the financial crisis and discourage future risk taking. The administration requested $14 billion for Treasury, ...
Concerns growing that FHA could go broke
November 11, 2011 The Federal Housing Administration has played a key role in the housing market since the mortgage crisis, backing about one-third of all new mortgages for home purchases. But there is a growing concern that FHA, which is funded through mortgage-insurance premiums, could run out of money if the economic recovery ...
Man charged with USS Cole bombing will face judge
November 9, 2011 Abd al-Rahim al-Nashiri, a Saudi man charged in the attacks of the USS Cole and a French oil tanker in 2000 is finally going before a judge after nearly a decade of confinement, the Associated Press reports. He is the first Guantanamo prisoner to be charged with war crimes, which ...
