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...
12/03/13 08:49 AM
Bluffdale agreed to sell water to the National Security Agency at a rate below its own guidelines and the Utah average in order to secure the contract and spur economic development in the town, according to records and interviews. The deal could mean savings of hundreds of thousands of dollars a...
By Joseph Lawler | 12/03/13 05:22 AM
Pope Francis has stepped into a long-simmering American political feud over economics. In the English-language version of a new message about re-orienting the Catholic Church's evangelical efforts released to worldwide notice last week, the pontiff criticized economic inequality and offered a...
By Timothy P. Carney | 12/02/13 03:09 PM
If you're a business, the best way to get fat profit margins is by erecting (or finding yourself surrounded by) barriers to entry. Regulations are often efforts by incumbent businesses to erect barriers to entry, thus allowing for higher profit margins.
12/02/13 11:08 AM
A lot has been said about the effects of the budget cuts known as sequestration on the courts and the U.S. Department of Justice. Hiring freezes, layoffs, furloughs and a drop off in mental health and substance abuse treatment for recently released convicts are just a few stresses on the system....
12/02/13 11:05 AM
When the first round of sequester-related budget cuts hit in March, agencies sought help from Congress, juggled funds and resorted to bookkeeping gimmicks to cushion the impact. Those options will be harder to come by if a second round of sequester cuts strikes early next year, a liberal-leaning...
12/02/13 10:57 AM
The justices, without comment, today rejected appeals by Amazon and another Internet retailer, Overstock.com Inc., which said New York is violating the Constitution by demanding tax collection from companies that don’t have facilities in the state. New York’s top court upheld the state law.
By Associated Press | 12/02/13 09:38 AM
U.S. developers boosted construction spending in October at the fastest pace in more than four years, propelled by a surge in government buildings. The increase suggests the 16-day partial government shutdown didn't slow public projects.
By Byron York | 12/08/13
By Richard Pollock | 12/06/13
By Timothy P. Carney | 12/07/13
By Joel Gehrke | 12/09/13