IMF Chief Criticizes 'Abrupt' U.S. Budget Cuts
IMF head Christine Lagarde criticized the U.S. government's budget policies as too tight Tuesday, in an appearance in Amsterdam that was interrupted by student protestors.
IMF head Christine Lagarde criticized the U.S. government's budget policies as too tight Tuesday, in an appearance in Amsterdam that was interrupted by student protestors.
The Fed is sticking with its bond-buying plan to push down borrowing costs and prop up the economy, citing risks to growth from recent budget tightening in Washington.
Thanks to the government's austerity spending cuts, you have a lower chance of being audited this year. That's good news for you, but bad news for the federal budget.
Washington's budget tightening is having a minimal effect on businesses, a survey of business economists released Monday shows.
Travelers waited more than an hour for flights in New York and experienced delays at other U.S. airports on Sunday evening as furloughs of air traffic controllers began.
A senior Transportation Security Administration official says so far, so good for airport travelers wary of the effects of automatic spending cuts that took effect March 1.
Equal Pay Day highlights the extra three months of work that a woman must do to equal what an average man makes in a year. But is real equality getting even further away?
Is this how we save the federal budget? Sequestration cuts are starting to hit home ... and legislators are starting to complain.
Even as it faces budget cuts and forced employee furloughs, the Pentagon spends nearly a $1 billion a year on jobless benefits for veterans who left the military voluntarily.
President Obama is going all out to warn Americans about what could happen if the sequester hits. The country's response: a collective yawn, as we assume that after the political grandstanding, a deal will be struck as usual. But that may not happen this time.
Futures are rising as Chairman Ben Bernanke heads to Capitol Hill to explain what the Federal Reserve will do to accelerate the economic recovery only days before a series of mandatory budget cuts kick in.
The sequester will be tough on government employees, and on those whose jobs are directly supported by them. But even if you don't run a Jiffy Lube across the street from a military base, you still need to be prepared. Here's are eight unexpected ways the sequester will likely touch your life.
Plenty of market-moving news will break this week: One way or another, big changes loom due to Washington's budget fight; and Home Depot, Groupon, Best Buy, RadioShack and Monster will report earnings.
The White House has detailed the potential fallout in each state from budget cuts set to take effect at week's end, while congressional Republicans and Democrats keep up the sniping over who's to blame.
With less than two weeks to go until the March 1 deadline for automatic budget cuts, the administration is issuing dire warnings about how crucial government services are about to wither. Many of the warnings may come true.














