Lower Deficit Predictions May Hamper U.S. Budget Deal
The recovering economy is producing greater tax revenues, but an improving deficit picture also reflects the accumulating effects of prior rounds of spending cuts.
sequestration
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.
Fed Sticks to Stimulus Plan, Warns Growth Hampered by Budget Cuts
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.
Consumer Confidence Jumps on Better Outlook for Hiring, Pay
U.S. consumer confidence rebounded in April as Americans felt better about the outlook for the economy and their income prospects, the Conference Board says.
Monday Memo: This Week on the Saving Channel
Sodas, student loans, and post-grad options: Here's a look at this week's money-saving topics on the DailyFinance Saving Channel.
House OKs Bill to End FAA Furloughs, Airport Delays
Congress has easily approved legislation ending furloughs of air traffic controllers that have delayed hundreds of flights daily.
Senate Passes Bill to End Air Traffic Control Furloughs
The Senate moved quickly late on Thursday to end air traffic controller furloughs that were causing widespread airline flight delays related to federal spending cuts.
Airline Stocks Soar, in Spite of Sequestration
All of the major air carriers beat Wall Street expectations, even though some are still struggling to post consistent profits – and sequestration challenges continue.
Higher Fares Help Boost Southwest Airlines' Profit
Higher fares are helping Southwest Airlines make more money than Wall Street expected, but the company says automatic federal spending cuts could hurt revenue in April.
Survey: Budget Cuts Not Hurting U.S. Businesses
Washington's budget tightening is having a minimal effect on businesses, a survey of business economists released Monday shows.
FAA: Delays Hit U.S. Airports As Furloughs Kick In
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.
FAA: Public Should Expect Flight Delays as Furloughs Kick In
The public should expect flight delays as furloughs kick in Sunday for air traffic controllers, although effects may be felt unevenly from airport to airport, the FAA says.
TSA Official Says Employee Furloughs Not Anticipated
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.
Republicans Blast Obama's Plan to Sell New Deal Icon
Republicans are blasting Obama's plan to consider selling the Tennessee Valley Authority, an icon of the New Deal long targeted by conservatives/
Critics Say Obama's Budget Breaks Campaign Promises
Critics of President Obama's budget proposal say he is breaking his promise to protect Social Security and his pledge not to raise taxes on the middle class.