The growth is evidence of economic durability and all but assures that the Federal Reserve will resume raising interest rates late this year.
Between Pentagon waste and the U.S. record of misguided wars, it’s clear that much of this spending isn’t making anyone any safer.
It's time for the president to make federal contractors disclose their political spending.
The Department of Defense claims it is unable to provide an explanation for the high cost of the project -- a compressed natural gas station in Afghanistan -- according to a special inspector general's report released Monday.
An 11th-hour deal to end the 16-day partial government shutdown and pull the nation back from the brink of a historic debt default occurred Wednesday night. Rep. John Conyers says the focus on spending and debt is wrong; Congress should pass a full employment bill.
The House approved a Republican-proposed short-term spending plan Friday that would continue funding the government through mid-December but withhold money for President Obama’s health care law.
If we had a government capable of honoring the collective desire for more jobs, smaller deficits, more education funding, reduced reliance on fossil fuels and Medicare and Social Security benefits preserved, our future could be guaranteed at tax time in no time.
Part of the president’s State of the Union message and a portion of his second term agenda apparently will focus on public investments in education, infrastructure and basic R&D. That’s good news. But how do we fund these investments when discretionary spending is being cut to the bone in order to reduce the budget deficit?
President Obama met with congressional leaders Friday in another attempt to avert the fiscal cliff -- the automatic tax increases and spending cuts set to take effect Jan. 1 unless Congress can strike a deal. The cuts and tax hikes are so large and so sudden that many economists fear they would plunge the country back into recession.
It appears the controversial decision by some retailers to start Black Friday sales on Thanksgiving has paid off.