More watchdog: too big to manage Articles

  • Congressional Budget Office: Obama budget wouldn't put debt on downward path

    President Obama's budget would not place the federal debt on a downward path over the next 10 years, according to projections released by the Congressional Budget Office on Thursday. The CBO, Congress’ nonpartisan budget scorekeeper, projected that if the president’s proposals were to go...

  • At Virginia Shad Planking, Senate candidates face political and culinary challenges

    WAKEFIELD, Va. -- When Democratic Sen. Mark Warner ventured onstage Wednesday at a festive fish-smoke in the Virginia woods, he was well aware he was in the minority. The annual Shad Planking, a culinarily perplexing but well-loved Virginia political tradition, has welcomed lawmakers and...

  • Average US 30-year mortgage rate falls to 4.27 pct

    WASHINGTON (AP) — Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent last week. The average for...

  • Obama: Immigration reform will be 'issue that haunts' GOP

    President Obama said that immigration reform would be an “issue that haunts” Republicans if they failed to act and pressed Speaker John Boehner, R-Ohio, to use his “political capital” to find a solution.

  • Poll: Most Americans believe Obama lies on important issues

    Sixty-one percent of respondents in the poll released Thursday said Obama lies at least some of the time on important issues. An additional 20 percent said he lies every now and then.

  • John McCain: Obama lets 'bad people' fill U.S. void, says Jimmy Carter was better

    In some of his harshest comments about the administration's lackluster foreign policy to date, Sen. John McCain said that former President Jimmy Carter was tougher with U.S. foes than President Obama has been, and that America's credibility as world power has crumbled under Obama. McCain, the...

  • Applications for US jobless aid edge up to 304,000

    WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase. The Labor Department said Thursday that the four-week average of applications,...

  • VIDEO: Joe Biden joins Instagram

  • Americans seeking weekly unemployment benefits rose to 304,000; still at pre-recession levels

    WASHINGTON (AP) — Americans seeking weekly unemployment benefits rose to 304,000; still at pre-recession levels.

  • Goldman Sachs earnings fall 11 percent

    NEW YORK (AP) — Investment bank Goldman Sachs says its first-quarter earnings fell as fixed income trading slumped. The bank earned $1.9 billion in the quarter, down 11 percent from the same period a year earlier when it made $2.2 billion. The earnings were equivalent to $4.02 a share....

  • Weak Barbie sales weigh on Mattel 1Q

    EL SEGUNDO, Calif. (AP) — Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss. Its shares fell almost 5 percent in premarket trading. Toy makers are facing a weak environment...

  • Applications for U.S. jobless aid edge up to 304,000

    The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.

  • Post Holdings to buy Michael Foods for $2.45B

    ST. LOUIS (AP) — Cereal maker Post Holdings Inc. is buying fellow packaged food maker Michael Foods Inc. in a $2.45 billion deal that will expand Post's range of products. Privately held Michael Foods makes a variety of egg, potato and dairy products. Its brands include Papetti's, Crystal...

  • Gunmen attack Iraq military base, kill 10 soldiers

    BAGHDAD (AP) — Militants launched a brazen attack on a military base in a restive area in northern Iraq on Thursday, killing at least 10 soldiers and wounding 12, officials said. The morning attack at the base outside the city of Mosul, about 360 kilometers (225 miles) northwest of Baghdad,...

  • Films by Tommy Lee Jones, Jean Luc Godard among 18 movies in running for top Cannes prize

    PARIS (AP) — Films by Tommy Lee Jones, Jean Luc Godard among 18 movies in running for top Cannes prize.



From the Weekly Standard

  • Monotony Motors

    Anyone who’s ever misplaced the family car in a parking lot at the mall must surely sense that we are not living in a golden era of automobile design. Gazing in panic out across that vast tar...

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  • ‘Core’ Al Qaeda Gathering in Yemen

    A video of a large al Qaeda gathering in Yemen has raised eyebrows in the press. Nasir al Wuhayshi, the head of al Qaeda in the Arabian Peninsula (AQAP), as well as general manager of al...

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  • Can They Come Back?

    It’s hard to believe, but the rebirth of the Republican party in Virginia may be happening in the unlikeliest of places: the liberal bastion of Northern Virginia.

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