| Aug 30, 2013
| 2:41 PM
Congress started the official countdown this week: It's T-minus 31 days to a government shutdown.
OK, so I made up the part about the official countdown. But I don't see any other likely outcome, now that the only folks trying to negotiate a budget deal...
| Sep 2, 2013
| 12:23 PM
NEW DELHI — India passed into law Monday an ambitious program to provide nearly free food to some 800 million Indians. Supporters hailed it as a long-overdue fix for the nation’s rampant poverty, while critics slammed it as a shameless and...
| Sep 4, 2013
| 6:43 AM
WASHINGTON -- The U.S. trade deficit jumped by 13% in July after hitting a more than three-year low the previous month, as the nation imported more goods, such as crude oil, and exports fell, the Commerce Department said Wednesday.
The increase in the...
| Sep 3, 2013
| 7:15 PM
Is it that time again?
Syria will be foremost on Congress' mind when it returns from vacation next week, but lurking on the horizon like an ever-present cloud bank will be the debt limit. Treasury officials say the limit, currently set at $16.7...
| Sep 6, 2013
| 9:29 PM
Everybody wants to see the perpetrators of the financial crisis punished, but you have to feel a little sorry for Standard & Poor's, the credit rating firm being sued by the federal government for its role in the disaster.
S&P clearly has its back to...
| Mar 21, 2013
| 5:00 AM
This week, realizing that government actually does do some things people like, senators in both parties tried to undo some of the damage wrought by the sequester/fiscal cliff debacle. Their efforts were quickly undone, however, by the chronic...
| Mar 11, 2013
| 8:32 AM
Twenty-three air traffic control towers in California are among more than 200 nationwide scheduled to close April 7 as the Federal Aviation Administration begins imposing $600 million in federal budget cuts.
It was unknown which traffic control towers...
| Jun 11, 2013
| 7:51 PM
The U.S. economy is improving, yet Congress seems still to be in the grip of the delirium that shrinking the deficit in the near term is still a matter of paramount urgency.
That's what's prevented lawmakers from dealing with their real task, which is...
| Jun 12, 2013
| 2:45 PM
By some measures, L.A.'s Center Theatre Group is the busiest nonprofit stage company in the nation — and it's the biggest by far outside Manhattan. But now this theatrical giant is in serious need of more than a little help from its friends.
| Jun 14, 2013
| 10:42 AM
WASHINGTON -- The International Monetary Fund on Friday urged U.S. officials to scale back its automatic federal spending cuts, warning that they were "excessively rapid and ill-designed" and were hurting the nation's economic recovery
| 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...