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Apr 15, 2013 at 3:45 PM
The price of gold logged its biggest one-day decline in more than 30 years Monday, tumbling $140.30, or 9 percent, to $1,361.
Apr 3, 2013 at 3:57 PM
Sharing a bit of budget pain, President Barack Obama will return 5 percent of his salary to the Treasury in a show of solidarity with federal workers smarting from government-wide spending cuts.
Mar 3, 2013 at 11:05 AM
The spending cuts are here to stay if you believe the public posturing Sunday.
Mar 2, 2013 at 12:37 PM
Severe spending cuts now the law of the land, President Barack Obama and congressional Republicans refused Saturday to concede any culpability for failing to stave off what both parties acknowledged was a foolhardy way to slash federal spending.
Feb 13, 2013 at 9:22 AM
Bridge disputes in Congress on taxes and spending. Shrink budget deficits. Manage tense economic ties with China. Press Europe to reduce debts while fighting a recession. Defend the U.S. financial overhaul law. Prevent a global currency war.
Jan 29, 2013 at 8:58 AM
U.S. consumer confidence plunged in January to its lowest level in more than a year, reflecting higher Social Security taxes that left Americans with less take-home pay.
Jan 24, 2013 at 7:41 AM
The nation's sharp disagreements over taxes and spending are on a re-routed collision course, as Senate Democrats launch a plan that includes new taxes and House Republicans vow to speed up their plan to balance the federal budget with spending cuts alone.
Jan 23, 2013 at 11:04 AM
The House overwhelmingly passed a bill Wednesday to permit the government to borrow enough money to avoid a first avoid default for at least four months, defusing a crisis looming next month and setting the stage for a springtime debate over taxes,...
Jan 22, 2013 at 7:53 AM
President Barack Obama devoted one word - "deficit" - to the issue that brought Washington to the brink of fiscal crises time and again during his first term.
Jan 21, 2013 at 8:02 AM
House leaders on Monday unveiled legislation to permit the government to continue borrowing money through May 18 in order to stave off a first-ever default on U.S. obligations. It is slated for a vote on Wednesday.
Jan 18, 2013 at 12:15 PM
The Republican-controlled House will vote next week to permit the government to borrow more money to meet its obligations, a move aimed at heading off a market-rattling confrontation with President Barack Obama over the so-called debt limit.
Jan 15, 2013 at 7:48 AM
The United States could lose its top credit rating for the second time from a leading agency if there's a delay in raising the country's debt ceiling, Fitch Ratings warned Tuesday.
Jan 14, 2013 at 9:27 AM
In the summer of 2011, when a debt crisis like the current one loomed, President Barack Obama warned Republicans that older Americans might not get their Social Security checks unless there was a deal to raise the nation's borrowing limit.
Jan 13, 2013 at 9:11 AM
The government could run out of cash to pay all its bills in full as early as Feb. 15, according to one authoritative estimate, and congressional Republicans want significant spending cuts in exchange for raising the borrowing limit.
Jan 9, 2013 at 9:06 AM
White House chief of staff Jack Lew is President Barack Obama's expected pick to lead the Treasury Department, with an announcement possible before the end of the week, as the administration moves to fill the most critical jobs in the Cabinet.