By Associated Press | 02/24/14 10:55 AM
The gap between the wealthy and the poor is most extreme in several of the United States' most prosperous and largest cities. The economic divides in Atlanta, San Francisco, Washington, New York, Chicago and Los Angeles are significantly greater than the national average, according to a study...
By Associated Press | 02/24/14 10:37 AM
Residents of Ann Arbor, Ypsilanti and Ypsilanti Township are expected to vote in May on a proposed public transit tax to raise nearly $4.4 million in annual funding to implement a five-year transit improvement plan.
By Ryan J. Foley | 02/24/14 10:33 AM
The scores of losing players in last week's $425 million Powerball jackpot did more than take an extremely long shot at getting rich. Their ticket purchases also helped fund a small but increasingly important part of their states' budgets.
By Joseph Lawler | 02/24/14 08:34 AM
Is the Federal Reserve's taper tightening the money supply? Both former Fed Chairman Ben Bernanke and current Chairwoman Janet Yellen have been careful to reassure markets that they have not been trying to tighten money conditions by reducing monthly bond purchases by $10 billion at recent...
By Robert Burns | 02/24/14 08:22 AM
Pentagon chief Chuck Hagel is recommending shrinking the Army to its smallest size in decades in an effort to balance defense needs with budget realities, according to defense officials.
By Associated Press | 02/22/14 01:47 PM
As Detroit tries to rebound — a plan to emerge from bankruptcy was filed Friday — few groups, if any, have been feeling the pain of the city's financial collapse more than the police.
By David Harsanyi | 02/21/14 01:25 PM
Since its inception, the Obama administration has engaged in the deceptive routine of claiming that "economists" or "every economist" or a "consensus" among economists is in lock-step agreement over whatever policy prescription the White House happens to be peddling at the moment.
By Charles Paul Blahous | 02/21/14 11:46 AM
The president can delay his budget, but no good can come from further postponing our country’s desperately needed financial reforms.
02/20/14 08:30 PM
WASHINGTON (AP) — President Barack Obama will propose an election-year budget that would drop reductions he had previously embraced in federal benefits, officials disclosed Thursday. He also will ask Congress to approve about $56 billion in new or expanded programs, stepping back from...
By Brian Hughes | 02/20/14 03:12 PM
President Obama's upcoming budget will not include a previous offer to lower cost-of-living increases for Social Security and other government benefits, the White House said Thursday. “The compromise embedded in last year’s budget included policies like chained CPI — the number one...
02/20/14 09:23 AM
LANSING, Mich. — Michigan's income tax rate would drop two-tenths of a percentage point over the next two years and go down more in the future if tax revenue increases by a minimum amount under bills approved Wednesday by a House committee. With the 12-2 votes, there are now four separate...
02/20/14 09:18 AM
COLUMBIA, S.C. — South Carolina legislators want to punish two public colleges for assigning books on homosexuality to freshmen. The House budget-writing committee on Wednesday tentatively approved a spending plan for 2014-15 that would cut $52,000 from the College of Charleston and $17,142...
02/20/14 09:12 AM
DENVER — Colorado's legal marijuana market is far exceeding tax expectations, according to a budget proposal released Wednesday by Gov. John Hickenlooper that gives the first official estimate of how much the state expects to make from pot taxes. The proposal outlines plans to spend some $99...
By Associated Press | 02/19/14 08:42 AM
A Senate panel on Tuesday approved a bill that would repeal a law that requires tuition rates to go up automatically each year by the rate of inflation if state legislators don't raise rates.
By Wayne Parry | 02/19/14 08:33 AM
The federal government won't drop rules that many Superstorm Sandy victims say are among the biggest impediments to rebuilding more quickly.
By Joel Gehrke | 03/08/14
By Paul Bedard | 03/08/14
By Washington Examiner | 03/05/14
By Joel Gehrke | 03/08/14
By Michelle Malkin | 03/07/14