With less than three weeks until their deadline, U.S. budget negotiators have yet to break an impasse over revenue, prompting lawmakers to draft plans to blunt $19 billion in defense cuts set to start in January.
The head of the Congressional Budget Office gave a bipartisan conference committee three choices for cutting the U.S. deficit: increase taxes, make deep cuts in entitlement spending or cut other programs.
A group of House Republicans said seniors lobby AARP will gain as much $1 billion over the next decade from the 2010 health care overhaul it supported and should have its tax-exempt status investigated.
How is it government officials come to contradictory conclusions about what the U.S. Treasury can do in the event it lacks the money to pay all its bills? Can the Treasury prioritize and pay bondholders before everyone else?
Peggie Theodore, 56, landed a job as a staffing assistant at the National Institutes of Health in January after a six-month search. Even earning less than she did in the Navy, she says she’s just happy to return to work.