03/04/14 07:15 PM
CHICAGO (AP) — Moody's Investors Service has downgraded Chicago's credit rating, citing the city's unfunded pension liabilities. The agency announced Tuesday it's lowering the rating on $8.3 billion in debt from A3 to Baa1, putting it only three notches above junk-bond status. Moody's gave...
By Melanie Sturm | 03/04/14 05:38 PM
Last month, as Ukrainian émigré-turned-tech tycoon Jan Koum prepared to cash a multibillion-dollar check from Facebook -- acquirer of his startup WhatsApp -- then-Ukrainian President Viktor Yanukovych was checking out of the Gatsby-esque estate where he'd cached his stolen plunder.
By Associated Press | 03/04/14 09:03 AM
New London has raised the minimum wage for municipal employees and contractors.
By Ron Todt | 03/04/14 08:22 AM
The city's distressed pension fund would get an injection of $424 million under a proposal for UIL Holdings Corp. to buy the city-owned gas utility for $1.86 billion, the mayor announced Monday.
By Joseph Lawler | 03/03/14 08:56 PM
Ahead of Tuesday's release of President Obama's budget request for fiscal year 2015, the White House is drawing attention to the tax cuts that will be included in the plan.
By Joseph Lawler | 03/03/14 03:55 PM
The House Budget Committee under Chairman Rep. Paul Ryan released an assessment of the federal safety net Monday that casts skepticism on many of its features and sets the stage for the Wisconsin Republican to offer plans for major changes. The report, titled “The War on Poverty: 50 Years...
03/03/14 09:01 AM
HARTFORD, Conn. — Connecticut and New York have found a way around federal budget cuts that played a central role in the massive farm bill passed this month: bump up home heating assistance a few million bucks in return for preserving more than a half-billion dollars in food stamp benefits....
By associated press | 03/03/14 08:54 AM
Members of the Oklahoma House have urged the Senate and Gov. Mary Fallin to commit to funding targeted pay increases for state employees before signing off on a pension overhaul bill, according to one state lawmaker.
By Andrew Taylor | 03/03/14 08:32 AM
The budget gurus in Congress have failed for years to find a grand bargain to reduce the government's long-term debt, so this year they decided to go small. Just 1 percentage point would be shaved from the annual cost-of-living increase in military pensions for veterans under age 62.
By Joseph Lawler | 03/03/14 07:51 AM
A jam-packed week for economics-related news in Washington is threatened by Winter Storm Titan, which is bearing down on the Mid-Atlantic region. Here’s what’s on the schedule: House budget Committee Chairman Paul Ryan, R-Wisc., is scheduled to publish a report Monday criticizing the U.S....
By Associated Press | 03/01/14 01:34 PM
Advocates for the home health care industry say the 14 percent cut in Medicare payments it will see over the next four years is unprecedented and could result in a loss of services for thousands of homebound seniors and disabled individuals in Oregon.
By Associated Press | 03/01/14 01:26 PM
A New York City doctor has pleaded guilty in a long-running bribes-for-test referrals scheme involving a northern New Jersey firm.
By Steve Chapman | 02/28/14 03:16 PM
If you're in the hospital with multiple fractures, a staph infection and a collapsed lung, you may not take great comfort when your doctor informs you that his last patient has it worse, being dead. Sometimes encouraging comparisons are not that encouraging.
02/27/14 08:30 PM
SALT LAKE CITY (AP) — Utah's Republican governor announced Thursday he wants to reject a full Medicaid expansion that would enroll more people in the government program, and instead seek federal dollars to cover the poor in private plans. Gov. Gary Herbert's decision came after months of...
By Scott Rasmussen | 02/27/14 02:57 PM
"A recipe for violence: Promise a lot, deliver a little. Lead people to believe they will be much better off, but let there be no dramatic improvement." The brilliant political scientist Aaron Wildavsky wrote these words in 1968 while America was engulfed in race riots and anti-war protests....
By Paul Bedard | 03/09/14
By Charlie Spiering | 03/09/14
By Joel Gehrke | 03/08/14
By Philip Klein | 03/06/14
By Joel Gehrke | 03/08/14