| Oct 12, 2013
| 5:33 PM
WASHINGTON — As talks over how to end the government shutdown and avert a default on the debt collapsed Saturday between House Republicans and the White House, the Senate's top leaders launched their own negotiations to find a last-ditch compromise,...
| Sep 17, 2013
| 7:00 AM
WASHINGTON -- As the nation fast approaches its debt limit, Treasury Secretary Jacob J. Lew on Tuesday issued his strongest warning yet to Congress about the economic consequences of waiting until just before the deadline to pass an increase.
| Sep 17, 2013
| 9:35 AM
WASHINGTON – The federal deficit has shrunk to its lowest level since 2008, when President Obama won election at the start of the Great Recession, and is on track to decline even more thanks to an improving economy, higher taxes on the wealthy and...
| Sep 3, 2013
| 5:23 PM
SCHWENKSVILLE, Pa. — Engineers think that three of the bridges closest to Dave Wisler's home are about ready to collapse.
One, a picturesque one-lane structure built in 1893, became so perilous it was closed last summer, and the county doesn't...
| Oct 2, 2013
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 failed on...
| Jun 10, 2013
| 9:58 AM
WASHINGTON -- Standard & Poor's, which downgraded the U.S. credit rating nearly two years ago, said Monday it was more optimistic about the nation's long-term fiscal situation and had removed the negative outlook from the rating.
The automatic federal...
| May 28, 2013
| 7:45 AM
WASHINGTON -- Consumer confidence surged this month to its highest level in more than five years as optimism increased about the state of the economy and its prospects for the rest of the year, according to a closely watched private barometer released...
| May 8, 2013
| 7:24 AM
WASHINGTON -- House Speaker John A. Boehner said holders of U.S. government bonds should be paid first if the nation's debt limit is breached, even if that means that China would get preference over the salaries of U.S. troops.
Boehner (R-Ohio) defended...
| Apr 29, 2013
| 6:36 AM
WASHINGTON -- Consumers spent more in March even as their income rose less than analysts had projected, a mixed economic message to start a week that will end with the latest government unemployment report.
Consumer spending was up 0.2% last month, down...
| Apr 26, 2013
| 8:35 AM
WASHINGTON -- The U.S. might not hit its debt limit until October because of improved economic growth and higher tax revenue this year, according to a new estimate released Friday.
The projection by the Bipartisan Policy Center would give Congress and...
| Nov 13, 2012
| 2:03 PM
The Los Angeles Unified School District Board of Education on Tuesday swiftly voted to restore a full academic year -- and full pay for employees -- a week after California voters approved a revenue measure that protects schools and universities from...