| Mar 4, 2013
WASHINGTON — "The worst-case scenario for us," a leading anti-budget-cuts lobbyist told The Washington Post, "is the sequester hits and nothing bad really happens."
Think about that. Worst case? That a government drowning in debt should cut back by...
| Feb 11, 2013
WASHINGTON — For the first time since Election Day, President Barack Obama is on the defensive. That's because on March 1, automatic spending cuts ("sequestration") go into effect — $1.2 trillion over 10 years, half from domestic...
| Mar 8, 2013
| 4:30 PM
The drumbeat for weeks has been that $85 billion in across-the-board federal spending cuts known as the sequester would be so horrendous for the economy that lawmakers in Washington would be forced to compromise by the March 1 deadline.
When no deal was...
| Dec 30, 2013
| 2:11 PM
It’s great to be back in the saddle, except that at this time of year most of the people who make news are on vacation. There’s no fiscal cliff, no sequester, no outrageous comments from tea party politicians to ridicule. Even Fox News...
| 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...
| Jan 30, 2013
| 12:49 PM
As Muhammad Ali once observed, "It's not bragging if you can back it up." Thus, even his most caustic critics will have to concede that Gov. Martin O'Malley's State of the State address may have been the most heavily footnoted piece of braggadocio in...
| Feb 1, 2013
| 4:54 PM
The national economy remains sluggish — but don't tell the auto industry.
Auto sales showed surprising strength in January, with all three domestic manufacturers — General Motors Co., Ford Motor Co. and Chrysler Group — reporting...
| Feb 4, 2013
| 4:13 PM
U.S. Senate Democrats will hold their annual retreat beginning Tuesday in Annapolis, giving lawmakers a chance to strategize about gun control, immigration and the latest fiscal crisis.
The meeting, which will end with a closed-door address Wednesday by...
| Feb 6, 2013
| 6:38 AM
President Barack Obama slipped into Annapolis Wednesday for a private meeting with U.S. Senate Democrats focused on the nation’s latest fiscal crisis — a visit that temporarily closed roads and a handful of businesses a mile from the...
| Feb 18, 2013
| 10:04 AM
Defense officials and their allies in Congress have done their best to create a sense of crisis about impending budget cuts, but their warnings have failed to produce any visible result.
Instead, partisan divisions have hardened over how to avoid the...
| Feb 8, 2013
| 6:00 AM
Don’t worry if you haven’t received your expected IRS tax refund. Most people haven’t -- and the fiscal cliff is to blame.
The Internal Revenue Service is far behind its normal pace in processing federal tax returns and mailing...