| Nov 25, 2012
Dear Liz: My wife and her brother are selling their parents' home. The parents transferred the deed to their children's names years ago. My wife should receive about $85,000 from the sale. Our yearly income (one salary; she's a stay-at-home mom) is around...
| Nov 14, 2012
| 3:28 PM
Fears are growing that the nation is hurtling toward the so-called "fiscal cliff" -- a combination of expiring tax cuts and automatic federal spending reductions that would take effect at the start of the new year unless Congress acts to stop it. Most...
| Dec 4, 2013
— Illinois lawmakers narrowly approved a historic, sweeping overhaul of government worker pension systems Tuesday, overcoming years of political and philosophical differences in an attempt to address one of the state's most pressing financial...
| Dec 4, 2013
| 5:20 AM
SPRINGFIELD — Illinois lawmakers narrowly approved a historic, sweeping overhaul of government worker pension systems Tuesday, overcoming years of political and philosophical differences in an attempt to address one of the state's most pressing...
| Nov 16, 2013
Haven't we seen this movie before? On Capitol Hill for the second year in a row, key federal tax assistance for homeowners is heading for expiration within weeks. And there's no sign that Congress plans — or has the minimal political will — to...
| Oct 23, 2013
| 1:46 PM
Mayor Rahm Emanuel today unveiled a nearly $7 billion budget for 2014, but also focused on a year from now and warned what will happen if the city doesn't fix its pension system by then.
“Should Springfield fail to pass pension reform for...
| Oct 16, 2013
| 5:30 PM
Sen. Pat Toomey was among 18 senators to vote against a deal Wednesday night to reopen the federal government and raise the debt ceiling.
The Pennsylvania Republican joined the Senate’s most conservative lawmakers in their opposition to a last-...
| Oct 13, 2013
Don't feel sorry for John Boehner. His party and his country may be losers in this absurd crisis, but he clearly intends to come out a winner.
It's tempting to sympathize with the House speaker, putative ringmaster of an unruly and at times incoherent...
| Sep 9, 2013
| 4:33 PM
WASHINGTON (AP) — Congress' September agenda, already destined to be tense and dramatic, got worse while lawmakers were away this summer. Now they end their five-week recess by plunging into an emotional debate over whether to launch missile strikes...
| Oct 4, 2013
| 7:13 PM
Last week, House Speaker John A. Boehner, R-Ohio, and his Republicans declared that they had two clear goals in this fall’s battle over federal spending: no government shutdown, and no implementation of Obamacare.
As of Tuesday, the GOP had...
| Oct 1, 2013
| 8:21 PM
Investors have heard the boy cry wolf too many times in the nation's capital. And they aren't falling for it this time.
There was no panicked selling in the stock market over the federal government's temporary shutdown.