By Byron York | 12/04/13 01:27 PM
President Obama used a speech at a liberal think tank in Washington to declare that he will focus all of his administration's efforts in his remaining three-plus years in office on the task of reducing inequality in America. Speaking at an event sponsored by the Center for American Progress,...
By Meghashyam Mali | 12/04/13 01:07 PM
President Obama on Wednesday said the U.S. economy has become “profoundly unequal” and pressed for policies he said would halt growing income inequality and limited economic mobility. “I believe this is the defining challenge of our time — making sure our economy works for every...
By Associated Press | 12/04/13 09:14 AM
SPRINGFIELD, Ill. — The Illinois Legislature approved a historic plan Tuesday to eliminate the state's $100 billion pension shortfall, a long-delayed decision proponents described as critical to repairing the state's deeply troubled finances but that faces the immediate threat of a legal...
By David M. Drucker | 12/04/13 05:12 AM
With Washington facing the possibility of a second government shutdown, Republican and Democratic negotiators are racing to reach a budget agreement before Congress adjourns for Christmas.
By Sean Lengell | 12/03/13 03:43 PM
The No. 2 House Democrat said he won't support another short-term bill to keep the government funded past mid-January if it sets spending levels at the Republicans' preferred annual rate of $967 billion. House Minority Whip Steny Hoyer of Maryland added that Congress' increasing reliance on...
By Susan Ferrechio | 12/03/13 10:08 AM
Just a week away from its Dec. 13 deadline, lawmakers will have little time in their post-Thanksgiving legislative session to negotiate the kind of major budget deal they'd need to end the federal government's crisis-driven management style.
By Associated Press | 12/03/13 09:17 AM
NEW YORK (AP) — The Manhattan U.S. attorney says continuing budget cuts and hiring freezes in the justice system may force his office to make difficult decisions about which cases to pursue. The New York Times says Preet Bharara made the remarks at a public hearing Monday organized by a...
By Ed White | 12/03/13 09:09 AM
DETROIT — A judge was expected to announce Tuesday whether Detroit can come up with a plan to get rid of $18 billion in debt in the largest public bankruptcy in U.S. history, a case that ultimately could crack a shield protecting public pensions and also put the city's extraordinary art...
By Associated Press | 12/03/13 09:07 AM
DAYTON, Ohio (AP) — Ohio's largest military base is expected to privatize more energy and utility operations as it tries to offset steep cuts in the federal defense budget.
By Kerry Lester | 12/03/13 09:07 AM
SPRINGFIELD, Ill. — Illinois lawmakers were poised Tuesday to vote on a plan to solve the state's $100 billion pension crisis — a proposal many are calling the most important vote of their careers and one that could deeply reduce the retirement benefits of hundreds of thousands of workers...
By Charlie Spiering | 12/04/13
By Paul Bedard | 12/05/13
By Byron York | 12/03/13
By Paul Bedard | 12/04/13
By Noemie Emery | 12/04/13