Federal Budget News
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Updated 18 minutes ago
Northrop Grumman Corp., the maker of Global Hawk surveillance drones, reported first-quarter profit that beat analysts’ estimates while maintaining its full- year forecast amid U.S. budget cuts.
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Like a horror movie with multiple sequels, The Economy: Spring Swoon IV probably won’t be as surprising or as scary as its predecessors.
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Erskine Bowles and Alan Simpson, the deficit-reduction duo, are trying to rekindle congressional interest in a $2.5 trillion package of spending cuts and tax increases with new details showing how it could work.
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UnitedHealth Group Inc., the biggest U.S. health insurer, fell the most in over three months after the company said lower reimbursements from the government’s Medicare program may hurt earnings in 2014.
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The index of U.S. leading indicators unexpectedly declined in March, and manufacturing in the Philadelphia region slowed this month, adding to evidence the economy will cool.
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The Senate will hold a procedural vote April 22 on a bill that would let states collect taxes on out-of-state sellers, including sales over the Internet and through catalogs, Majority Leader Harry Reid said today.
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As former South Carolina Republican Governor Mark Sanford tries to return to office four years after a scandal, he will be doing so without help from his party’s House political organization.
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The Federal Reserve said the U.S. economic expansion remained “moderate” amid gains in manufacturing, housing and autos that offset weakness in defense-related industries in some regions.
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The cost of living in the U.S. declined in March for the first time in four months as cheaper gasoline and clothing kept inflation in check.
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The Federal Reserve could pay more than $77 billion a year in interest on the excess cash reserves it holds for commercial banks if rates follow the highest path forecast by Fed policy makers.
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