Budget Control Act of 2011

Fate is fickle, power cyclical and nothing is new under the sun. Especially in Washington, where after every election the losing party is sagely instructed to confess sin, rend garments and rethink its principles lest it go the way of the Whigs. And where...

(Anatole Kaletsky is a Reuters columnist but his opinions are his own.) By Anatole Kaletsky May 2 (Reuters) - This is a critical week for the world economy and financial markets, especially in the United States. Friday's U.S. employment report will...

Five air traffic control towers in Maryland that had been scheduled to shut down in June as a result of federal budget cuts are now expected to remain open, lawmakers said Wednesday — easing fears that the closures could back up flights at BWI...

By Mark Felsenthal WASHINGTON, May 1 (Reuters) - Without comment or fanfare, President Barack Obama on Wednesday signed legislation sparing U.S. air travel from the effects of across-the-board spending cuts that had caused delays and stirred public ire....

WASHINGTON (Reuters) - The Treasury Department said on Wednesday it might be able to sell less long-term debt in the future if the budget deficit continues to come down. In its quarterly debt refunding announcement, the Treasury did hold the sizes of its...

WASHINGTON (AP) — President Barack Obama strongly suggested Tuesday he'd consider military action against Syria if it can be confirmed that President Bashar Assad's government used chemical weapons in the two-year-old civil war. At a White House...

These days, military leaders who testify before Congress often point out the serious financial pressures they faced even before the onset of across-the-board budget cuts under sequestration, which took effect in March. That was in evidence Tuesday...

WASHINGTON -- It's never a good sign for a president when he feels compelled to assure the public he still has a pulse. This is the unenviable position President Obama was in Tuesday morning when he held a news conference in the White House briefing...

It seems sequestration began as a political game of chicken between President Obama and Congress in which going over the "cliff" had already been removed as a potential consequence. Both the president and Congress were certain the other would blink,...

* Obama quotes Mark Twain on premature talk of his demise * Says optimistic on immigration reform; budget talks continue By Jeff Mason WASHINGTON, April 30 (Reuters) - With his fight for tighter gun control measures defeated and prospects for a deficit...

With its quarterly revenue and profit faltering, Harris Corp. confirmed Tuesday it plans to eliminate 150 jobs in Brevard County as part of a previously announced restructuring to cut costs. Melbourne-based Harris, the largest high-tech company based in...

— Researchers studying how a major storm would hit Hampton Roads may have inadvertently devised a way to measure the fallout of Pentagon employee furloughs. And just like a hurricane, the news isn't particularly welcome. At a panel discussion...