Mar 4, 2013

Kerry presses for unpopular reforms in Egypt

Well-known political opposition figures stayed away from meetings with visiting Secretary of State John Kerry on Saturday, some for fear of appearing too close to the U.S. in the still-unsettled politics of Egypt two years after the fall of a U.S.-backed dictator. Kerry encouraged ...

Governor plans takeover of failing Detroit

Mar 3, 2013

Governor plans takeover of failing Detroit

Michigan Gov. Rick Snyder prepared for a state takeover of Detroit, an epitome of urban decay, by declaring the Motor City in a state of financial emergency Friday. “Detroit can’t wait,” Snyder said at a televised town hall meeting. “We need to solve real ...

Stronger economy to weather standoff

Mar 2, 2013

Stronger economy to weather standoff

As economic policy goes, experts say, the automatic spending cuts slated to begin Friday won’t leave a deep scar on the U.S. economy, which is otherwise looking pretty good. They are a fiscal speed bump on the road to economic recovery, which is why ...

Mar 2, 2013

U.S. spending cuts to hurt other nations

The effects of the $85 billion in U.S. government spending cuts that were to kick in Friday will be felt across oceans and could further hurt recession-hit Europe and burden an economically slowing China, shrinking the market for countries that depend on selling things ...

U.S. frees detained migrants as budget cuts loom

Feb 28, 2013

U.S. frees detained migrants as budget cuts loom

U.S. authorities revealed Tuesday that they have released hundreds of detained immigrants in recent days to trim expenses ahead of massive automatic budget cuts due to take effect this week. With days to go before the so-called sequester — $85 billion in across-the-board cuts ...

Feb 26, 2013

Is the U.S. near a tipping point for government debt?

by Neil Irwin

How much debt can America handle? The question is one of the most fundamental the nation faces, and the answer should determine how the United States handles the delicate task of reducing budget deficits without walloping economic growth. A new paper argues that the ...

Feb 20, 2013

Lawmaker's body found cemented in a barrel

The body of a Russian lawmaker was found cemented in a barrel, and a former government official has been accused of ordering the killing over an $80 million debt, officials said Monday. Mikhail Pakhomov, 37, went missing last week. He was a member of ...