World / Politics Oct 21, 2013

How much did the shutdown cost? Billions

by Josh Hicks

Shutdowns aren't cheap. This year's closure, which ended Thursday, has probably cost the government and the economy billions of dollars, according to economists and policy analysts. Below are some estimates of the financial effects of the 16-day closure, which forced hundreds of thousands of government ...

Senate opens talks on end to shutdown

World / Politics Oct 13, 2013

Senate opens talks on end to shutdown

Senate leaders began negotiations Saturday aimed at reopening federal agencies and avoiding a government default after every other effort to end Congress' impasse crumbled in the previous 48 hours. Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell took over the talks, which had ...

Editorials Sep 15, 2013

Keep tuition exemption

The government should increase taxes on wealthy families rather than exclude their children from the high school tuition exemption and support system.

Business / Economy Aug 30, 2013

White House, Republicans give up on budget talks

The Obama administration and a group of Republican senators on Thursday abandoned efforts to hammer out a budget deal and avoid a showdown over the national debt, saying they had failed to resolve their long-standing dispute over taxes. "It's very evident that there just isn't ...

U.S. government not shrinking fast

World / Politics Aug 26, 2013

U.S. government not shrinking fast

by David A. Fahrenthold

After 2½ years of budget battles, the U.S. federal government is on pace this year to spend $3.455 trillion. That figure is down from 2010 — the year that worries about government spending helped bring on a tea party uprising, a Republican takeover in the ...

Tax delay and Fed paring called threat to JGB bubble

Business / Economy Aug 2, 2013

Tax delay and Fed paring called threat to JGB bubble

Takeshi Fujimaki, a former adviser to billionaire investor George Soros who won a seat in the Upper House election last month, said a delay in increasing the sales tax and a reduction in the U.S. Federal Reserve's stimulus could cause the Japanese government bond ...

Freddie Mac vet Koskinen nominated to lead IRS

Business Aug 2, 2013

Freddie Mac vet Koskinen nominated to lead IRS

President Barack Obama on Thursday nominated John Koskinen to head the embattled Internal Revenue Service. Koskinen oversaw the government's preparations for the year 2000 and helped lead Freddie Mac out of its financial crisis. If confirmed by the Senate, part of Koskinen's task will be to ...