| Oct 23, 2013
| 2:30 PM
After three weeks of political wrangling, the federal government is open and the debt ceiling has been increased. The good news/bad news is that there's a 90-day grace period before the next potential round of budget/debt ceiling debates. Now the fun...
| Nov 7, 2013
| 11:49 AM
WASHINGTON -- The 16-day shutdown of the federal government last month resulted in $2 billion in lost productivity and, at its peak, left 40 percent of the federal workforce furloughed, according to a report released by the Obama administration Thursday....
| Jun 10, 2013
| 9:58 AM
WASHINGTON -- Standard & Poor's, which downgraded the U.S. credit rating nearly two years ago, said Monday it was more optimistic about the nation's long-term fiscal situation and had removed the negative outlook from the rating.
The automatic federal...
| Feb 6, 2013
| 1:22 AM
California filed suit against Wall Street's biggest credit rating agency, Standard & Poor’s, charging the firm with violating the state's False Claims Act by using “magic numbers” and “guesses” to inflate ratings that...
| Feb 5, 2013
| 4:29 PM
Pennsylvania was among several states that filed lawsuits Tuesday alleging that credit rating agency Standard & Poor's contributed to the nation's financial crisis by fudging its ratings. S&P is accused of misconduct involving securities backed by...
| Sep 18, 2012
| 3:00 AM
A wild windstorm swept through the nation's capital on Saturday, tossing broken tree limbs, downing power lines and forcing thousands of suburbanites to eat dinner by candlelight. On Sunday, with the skies sunny and mostly clear, the oppressive heat...
| Jul 29, 2012
| 3:00 AM
As the world struggles to deal with its two largest foreign-affairs dilemmas, Syria and Iran, resolutely standing in the way are the BRICs.
That's the acronym foreign-policy wonks use for the block of nations that routinely refuses to join the...
| Feb 21, 2013
| 6:45 PM
Some members of the Rev. David Carl Olson's congregation are homeless. A few work minimum-wage jobs, he said, but they still cannot afford to leave shelters.
His faith calls him to live in a world with "profoundly more justice," said Olson, who...
| Jan 30, 2013
| 10:11 AM
Illinois budget officials say the state will delay today's planned sale of $500 million in construction bonds after a recent credit downgrade.
A spokesman for Gov. Pat Quinn's budget office said the decision was made after conversations with potential...
| Jan 13, 2013
| 9:29 PM
When Bank of America credit officer Dan Petrik and his team sat down in early 2007 to analyze Sam Zell's plan to take control of Tribune Co., their numbers showed that the complex deal failed to meet five of the bank's 10 lending guidelines.
| Sep 13, 2012
| 4:02 PM
Don’t expect a vote on a plan to overhaul the state’s government worker pension program until after the new year, Illinois Senate President John Cullerton indicated Thursday.
The North Side Democrat said that there simply aren’t...