Now That They've Happened, Spending Cuts Seem Here to Stay
So after months of dire warnings, across-the-board spending cuts kicked in. Washington didn't implode, government didn't shut down and the $85 billion budget trigger didn't spell doom.
federal budget cuts
Why the Budget Battle Stalemate? Politicians Are Too Human
Professionals who special in conflict resolution recognize in Washington's bitter budget standoff a hint of human nature as they know it, but with the crazy pumped up to absurd levels.
Congressional Budget Office Warns of Recession in 2013
The nonpartisan Congressional Budget Office is warning that if $607 billion in tax increases and spending cuts all hit as scheduled, the U.S. will likely go into recession in 2013. It's a "fiscal cliff" we don't have to jump off.
Debt-Ceiling Law: States Brace for Another Hit
The debt-ceiling discussions may be over, but the fallout for states is just starting. Many states, still struggling to recover to pre-recession levels, have depended on federal money to make up their shortfalls. As the flow of money slows, which states will take the biggest hits?