By Gary D. Robertson | 11/18/13 10:07 AM
RALEIGH, N.C. — Jo Ann Freeman says her father told her before he died to hold on to the family's Bertie County farmland because she could always live off of it, and besides, "God's not making any more." So tobacco was still growing there in 2004 when Congress ended the allotment system that...
11/15/13 09:59 AM
(www.stripes.com) STUTTGART, Germany — U.S. Africa Command is planning for a smaller training mission on the continent as it contends with a shrinking budget brought on by the Pentagon’s fiscal crunch, AFRICOM’s Gen. David Rodriguez said on Thursday.
11/15/13 09:49 AM
(www.usnews.com) Dec. 13, 2013, is not a hard and fast deadline in Congress. There are no fiscal cliffs to fall off of or national debt to default on. Yet, in less than a month, after years of economic impasse, Republicans and Democrats are presumed to have put differences aside and are supposed...
By Stephen Ohlemacher | 11/15/13 09:42 AM
WASHINGTON — Democrats' new mantra in budget talks is to close tax loopholes for certain businesses, investors and professionals as a way to raise more revenue to help ease autopilot spending cuts that soon are to become more painful. On their list: Deductions for corporations that pay...
By Associated Press | 11/14/13 10:02 AM
BETHESDA, Md. — Lockheed Martin is cutting 4,000 jobs, about 3.5 percent of its workforce, as the defense contractor continues to look for ways to lower costs amid reduced government spending.
By Christopher S. Rugaber | 11/14/13 10:02 AM
WASHINGTON — Across-the-board spending cuts, a better economy and the partial shutdown combined to help the U.S. government kick off the 2014 budget year with a smaller deficit. A steadily shrinking deficit, however, has done little to jumpstart tense budget negotiations in Washington to keep...
11/14/13 09:49 AM
(money.cnn.com) In his own diplomatic way, Congressional Budget Office Director Douglas Elmendorf on Wednesday told budget negotiators that if a grand bargain eludes them, a short-term deal on the federal budget is better than none.
By Joseph Lawler | 11/14/13 05:32 AM
As a star economist and vice chairman of the Federal Reserve since 2010, Janet Yellen had a compelling claim to succeed Ben Bernanke as Fed chairman. But it was political machinations that led to her nomination for the top job.
By Bloomberg News | 11/13/13 04:37 PM
The U.S. budget deficit last month narrowed more than economists forecast as rising employment contributed to the strongest October revenue on record.
By Bloomberg News | 11/13/13 04:33 PM
The head of the Congressional Budget Office gave a bipartisan conference committee three choices for cutting the U.S. deficit: increase taxes, make deep cuts in entitlement spending or cut other programs. Douglas Elmendorf, appearing at the panel’s second public meeting as his office...
By Susan Crabtree | 12/06/13
By Richard Pollock | 12/06/13
By Philip Klein | 12/05/13
By Michael Barone | 12/06/13
By Timothy P. Carney | 12/05/13