| Feb 24, 2014
| 10:56 PM
WASHINGTON — The Army will shrink to its lowest troop levels since before World War II under a budget proposed Monday by the Obama administration that seeks to downsize the Pentagon from the wartime buildup of the last 13 years, and calls for...
| Feb 28, 2014
| 7:42 AM
Does spending less money on state government stimulate the economy? That’s a question raised in a Los Angeles Times story Friday about states that have not restored budget cuts made during the belt-tightening of the recession.
The story focuses on...
| Feb 27, 2014
| 6:06 PM
KANSAS CITY, Kan. — At Noble Prentis Elementary School, a classroom is crammed with 31 students and all their backpacks and books. Last year, the fifth-grade class had just 17 students, but a teaching position was cut when the school ran short of...
| Mar 3, 2014
| 8:52 AM
Kelly Hayes knew from the time she was in middle school that she wanted to be a lawyer, and she crafted the choices she made as a teenager to set her up to become a federal prosecutor.
"The joke around my family is that I started practicing my arguments...
| Mar 4, 2014
| 6:01 PM
President Barack Obama proposed a $3.9 trillion federal budget on Tuesday that calls for spending billions more on infrastructure, raising taxes on the wealthy and closing the gap between rich and poor that he has vowed to make a focus of his second term....
| Mar 10, 2014
| 1:01 PM
In today's bitterly polarized environment, the Internal Revenue Service has become even more of a whipping boy for politicians as it struggles with deep budget cuts and accusations of incompetence and, some say, illegal actions.
That makes the tax-...
| Apr 21, 2014
WASHINGTON — Two and a half years after President Obama vowed to shift America's diplomatic, economic and military focus to Asia, he will head back to the region this week to try to convince allies and adversaries alike that he really meant it....
| Nov 14, 2013
| 9:05 AM
Defense contractor Lockheed Martin on Thursday said it would cut 4,000 positions and close several facilities due to reduced government defense spending.
The Bethesda, Md.-based company said it would close plants in Pennsylvania, Ohio, Texas and...
| Dec 18, 2013
| 5:23 AM
Facing steep fiscal challenges, Chicago Public Schools plans to downsize central office operations by next fall.
The district is considering moving its downtown offices, at 125 S. Clark St., a few blocks away, to 1 N. Dearborn St., the site of the...
| Nov 18, 2013
| 10:15 AM
Even Wal-Mart is too expensive for recession battered America.
Everyday low prices are no longer enough — middle-class consumers are fleeing to dollar stores to stretch shrinking paychecks. Yet, Democratic politicians and economists who...
| Aug 12, 2013
| 8:39 AM
Japan's economic growth slowed in the second quarter, spurring debate over whether the country should raise its sales tax in order to more quickly pay down its public debt.
The country's gross domestic product grew at an annualized 2.6%, coming in at a...