You don't need a Ph.D in economics to know that the government fiscal year that ended last week was ugly for the budget.
Congress has raised the debt ceiling four times in the past two years and will probably have to do it again in the next month.
The poverty rate rose last year to 13.2%, the highest level since 1997, said a report released Thursday.
A challenge that President Obama made to his Cabinet in April resulted in cost-cutting measures that more than doubled the original $100 million target, his administration said Monday.
Congressional Republicans tore into the Obama administration over the economic stimulus plan Wednesday, arguing that the White House is mishandling the distribution of the money while overstating the ability of the package to create jobs.
President Obama urged Congress to adopt a "pay-as-you-go" approach to federal spending in order to restore fiscal discipline, but critics say the president's call lacks credibility.
New York City's Office of Management and Budget announced Wednesday an additional round of layoffs may be necessary to offset the city's 2010 budget shortfall.
The Obama administration is abandoning a controversial plan to charge private insurers for treatment of veterans' service-connected ailments.
Veterans groups are angry after President Obama told them Monday that he is still considering a proposal to have treatment for service-connected injuries charged to veterans' private insurance plans.
Vice President Joe Biden told a group of state leaders Thursday that the Obama administration is set to unveil a series of regulations restricting the use of funds from the recently-enacted economic stimulus plan.
You don't need a Ph.D in economics to know that the government fiscal year that ended last week was ugly for the budget.
Congress has raised the debt ceiling four times in the past two years and will probably have to do it again in the next month.
The poverty rate rose last year to 13.2%, the highest level since 1997, said a report released Thursday.
A challenge that President Obama made to his Cabinet in April resulted in cost-cutting measures that more than doubled the original $100 million target, his administration said Monday.
Congressional Republicans tore into the Obama administration over the economic stimulus plan Wednesday, arguing that the White House is mishandling the distribution of the money while overstating the ability of the package to create jobs.
President Obama urged Congress to adopt a "pay-as-you-go" approach to federal spending in order to restore fiscal discipline, but critics say the president's call lacks credibility.
New York City's Office of Management and Budget announced Wednesday an additional round of layoffs may be necessary to offset the city's 2010 budget shortfall.
The Obama administration is abandoning a controversial plan to charge private insurers for treatment of veterans' service-connected ailments.
Veterans groups are angry after President Obama told them Monday that he is still considering a proposal to have treatment for service-connected injuries charged to veterans' private insurance plans.
Vice President Joe Biden told a group of state leaders Thursday that the Obama administration is set to unveil a series of regulations restricting the use of funds from the recently-enacted economic stimulus plan.
President Obama on Wednesday called for a reform of the much-maligned federal earmarking process.
Facing mounting criticism of a spending package packed with billions of dollars in earmarks, the Obama administration made a vow Sunday: This president will bring a halt to pork-laden bills.
Facing mounting criticism of a spending package packed with billions of dollars in earmarks, the Obama administration made a vow Sunday: this president will bring a halt to pork-laden bills.
President Obama on Thursday unveiled a $3 trillion-plus budget that he says will halve the federal deficit by the end of his first term.
In keeping with President Obama's pledge of an administration that is "transparent and accountable," the White House has launched a site that promises to show taxpayers where their stimulus-package dollars are being spent.
The total cost of the inauguration of the 44th President of the United States will likely top $150 million by the time the galas and streamers and porta-pots are all cleaned up.
A key senator has dropped her concerns about Leon Panetta becoming director of the Central Intelligence Agency.
Leon Panetta is an impressive man with many laudable achievements to his credit.
President-elect Barack Obama on Tuesday nominated Peter Orszag to head the Office of Management and Budget (OMB), the president's chief number-crunching department, and said he sees "tough choices" ahead in determining programs to keep or cut.
President-elect Barack Obama has picked Peter Orszag, the head of the Congressional Budget Office, to head his Office of Management and Budget, a top Democratic source told CNN Tuesday.
Treasury reversed earlier losses to tick up at the end of the session on Wednesday after the largest auction of 2-year notes in history.
U.S. government scientists are one step closer to publishing a rule aimed at protecting the endangered right whale from ship strikes.
Whaling fleets nearly wiped out North Atlantic right whales last century. Now these huge mammals are threatened by other human behavior: big ships, fishing gear and entanglement in federal bureaucracy.
The single best piece of advice I ever got about my job was to work part-time.
Short-term exposure to smog, or ozone, is clearly linked to premature deaths that should be taken into account when measuring the health benefits of reducing air pollution
Competing for federal grants can make a small-business owner feel as if she has stepped into a Tom and Jerry cartoon. Larger, better-funded firms are always ready to pounce on little guys and snatch their tiny portion of the government cheese. What's worse, some politicians have now decided that it's Tom who needs some help. The U.S. House has passed, and the Senate is considering, legislation that would dramatically alter the definition of "small" business and expand access to set-asides now reserved for independent entrepreneurs. The bill's Orwellian title: the Small Business Investment Expansion Act.
A government laptop computer stolen last month held unencrypted medical records of 2,500 participants in a government study, Susan Shirin, deputy director of the National Heart, Lung and Blood Institute (NHLBI) told CNN Monday.
Firefighters quickly doused a two-alarm fire Wednesday in the historic Eisenhower Executive Office Building, which houses the vice president's ceremonial offices and the majority of the White House staff.
All companies on the list must publish financial data and report part or all of their figures to a government agency. In the U.S., private companies and cooperatives that produce a 10-K are included. Figures are as reported, and comparisons are with the prior year's figures as originally reported for that year. Fortune does not restate the prior year's figures for changes in accounting.
President Bush nominated former House Budget Committee Chairman Jim Nussle to replace Rob Portman as his budget director Tuesday after administration officials announced Portman's resignation.
He has recently made stops in Iowa, New Hampshire and South Carolina, giving speeches and holding town hall meetings. But he's not seeking the presidency.
Former Reagan administration budget official David Stockman could be hit with federal criminal charges for incomplete disclosures and improper accounting practices at a now-bankrupt auto parts maker he once headed, according to a published report.
President Bush has approved a request to deploy 4,400 additional U.S. troops to Iraq, officials said.
I have good news and bad news. The bad news is that a spokesperson for Horizon Productions -- the company that produces the annual Lingerie Bowl -- told me that the event, which was originally scheduled to appear on pay-per-view this Sunday during the Super Bowl's halftime show, has been cancelled. The good news is that the Nationwide Insurance ad mocking Kevin Federline as a down-and-out fry cook has not been cancelled. Oh, and despite the one-year lingerie layoff, Lingerie Bowl V will be broadcast on cable next year.
In the largest such survey ever conducted, 86 percent of a group of more than 1,000 experts on the next-generation Internet say they worry that the head start of other nations will hurt the United States.
President Bush announced Tuesday that he has nominated Rob Portman, currently the U.S. trade representative, as the new director of the Office of Management and Budget.
In a move in part meant to ease tensions between the White House and Congress, President Bush has nominated former Republican lawmaker Rob Portman to be budget director.
Oil drilling companies are upset that the Bush administration has proposed killing funding for oil and natural gas exploration research and development programs at the Department of Energy, an industry lobbyist said Monday.
Hoping to speed up the identification of those killed by Hurricane Katrina and its aftermath, Louisiana said Thursday it would accept a new federal plan to pay for most of the cost for DNA testing.
The Bush administration is expected to launch a push for business-friendly regulation, possibly including streamlined and more flexible pollution standards, chemical-handling rules, and workers' medical-leave protections, Wednesday's Wall Street Journal reported.
When George W. Bush submitted his whopping $2.57 trillion proposal to Congress last week, it showed how the war on terrorism has come home to roost.
A sharply divided Congress began debating the Bush administration's $2.57 trillion budget for fiscal year 2006 Tuesday, with Democrats criticizing administration officials on topics from the proposed Social Security overhaul to the deficit.
A sharply divided Congress began debating the Bush administration's $2.6 trillion budget for fiscal year 2006 Tuesday, with Democrats sniping at administration officials on topics such as the nation's Social Security system and the deficit.
Wealthier Americans should take the hit to bolster Social Security, according to a new CNN/USA Today/Gallup poll conducted over the weekend and released Tuesday.
Americans think the wealthy should help bolster Social Security, a CNN/USA Today/Gallup Poll released Tuesday suggests.
The Bush administration soon will ask Congress for about $80 billion in additional funding for military operations in Iraq and Afghanistan, congressional sources said Monday.
In the 1970s, when Ina Garten was working for the White House Office of Management and Budget, little did she know that a career in food was waiting for her.
President Bush has submitted legislation to Congress outlining his administration's vision of the power and role of the new national intelligence director.
In a report released Tuesday, the Congressional Budget Office (CBO) revised its projection for the country's budgetary shortfalls, lowering its previous forecast for fiscal years 2004 and 2005 but raising its estimates for cumulative 10-year deficits by $281 billion.
The number of Americans living in poverty jumped to 35.9 million last year, up by 1.3 million, while the number of those without health care insurance rose to 45 million from 43.6 million in 2002, the U.S. government said in a report Thursday.
Even partisan Republicans have expressed deep skepticism about President Bush's budget's fiscal responsibility--or lack thereof. Joshua Bolten, the director of the Office of Management and Budget, ...
His resume is enough to inspire old-fashioned awe: Harvard undergrad, Rhodes scholar, Harvard Law, Lazard Freres partner, board member at Pfizer, PepsiCo, and AOL Time Warner, stints in both the Ca...
Typically it's bad form to whine about a competitor--but Brashear, a Pittsburgh optics manufacturer, may be entitled. The company claims it was nudged out of several contracts with NASA by an unfor...
President Bush's Management Agenda--an ambitious plan to trim bureaucratic fat and make government work better--hasn't drawn much attention yet. Partly that's because so much else has been going on...
Norman Lorentz might just have one of the worst jobs imaginable. Named the first chief technology officer of the Office of Management and Budget last fall, he oversees the federal government's $45 ...
The former CEO of General Electric surprised the business world earlier this month when he took a part-time one-year contract at LBO shop Clayton Dubilier & Rice. He will be making a handful of new...
For more than two years, Ed Yardeni, Deutsche Bank's chief economist, has been Wall Street's biggest Y2K agitator. His forecast--that Y2K had a 70% chance of causing a global recession this year--a...
Surrounded by files and packing cartons, outgoing White House Chief of Staff Leon Panetta is busy cleaning out his West Wing office these days. He seems palpably eager to get out of Washington and ...
THE DEBATE IN WASHINGTON OVER HOW to slow spending on Medicare (for more on this, see page 28) may have distracted your attention from other ways Congress wants to balance the budget. Here are four...
DEFINITIONS AND EXPLANATIONS
Americans don't like the budget deficit. Year in and year out they list it as a major worry (82% in a recent Gallup poll said reducing the deficit should be one of Congress's top priorities). It's ...
-- Herewith a few things one has learned as a result of looking into the Federal Aviation Administration's suddenly infamous sensitivity training program, which the American people learned about on...
Industry groups are based on U.S. Office of Management and Budget categories. Companies are assigned to a group according to the industry or service that contributed most to 1992 sales.
In this Yuletide season, one of the most fanciful creations is the Clinton Administration's rosy estimate of how it will pay for its health care plan. But the government's own behind-the-scenes num...
-- ALICE M. RIVLIN, 61, deputy director of the Office of Management and Budget, on Ross Perot: ''Perot is not happy. He says ((Clinton's plan)) is not enough, and that he would have gone further --...
About one American worker in 10,000 dies in an on-the-job accident. Cooks in restaurants have higher mortality rates than firemen. Federal regulations on formaldehyde exposure result in expenditure...
Industry groups are based on U.S. Office of Management and Budget categories. Companies are assigned to a group according to the industry or service that contributed most to 1991 sales.
Bill Clinton's solid lead in the race for the White House has made Name That Cabinet Secretary the hottest game in Washington. Here are some folks Democratic players are betting will head his econo...
That term in the headline has been on your servant's mind lately, for two reasons. One is that he has finally mastered the word processor's so-called redlining feature, which lets you print out rev...
Industry groups are based on U.S. Office of Management and Budget categories. Companies are assigned to a group according to the industry or service that contributed most to 1990 sales.
Companies will spend nearly $300 million filling out the forms for the permits they'll need to stay in business after the Clean Air Act goes into effect in 1994. According to David Ryan, a spokesma...
IS THERE an economic phenomenon more frustrating than the federal budget deficit? For a decade it has mocked us, defying all efforts to eliminate it -- from the Gramm-Rudman-Hollings Act of 1985, w...
/ EVERYTHING BAD that has ever been said about the political system of the United States is beginning to sound reasonable. Scanning the great budget debacle of early October, Brookings Institution ...
What's the world's most expensive credit card? According to Congressman Joseph DioGuardi, a Republican from Westchester County, New York, it's the card by which Representatives electronically regis...
Industry groups are based on U.S. Office of Management and Budget categories. Companies are assigned to industries according to the business that contributed most to 1986 sales.
SALES All companies on the list must have derived more than 50% of their sales from manufacturing and/or mining. Sales do not include excise taxes or customs duties levied according to either volum...
The budget of the United States government is two things. It is the government's past and proposed policy for spending, taxing, and borrowing. It is also the document that describes and explains th...
FEARS OF RECESSION have intensified lately, reinforced by worrisome facts. Gross national product struggled to grow in the second quarter, and industrial production sagged in the spring. The tax bi...
As the Senate and House of Representatives worry about ways to hold down the fiscal 1987 budget deficit, the Office of Management and Budget is pursuing a relatively painless revenue-raising scheme...
Amazing institution, the Export-Import Bank. David Stockman came to Washington planning to raze it, and now Dave is back in New York and the bank is unrazed and both parties seem to be making comeb...
''Setting casualty loss reserves is like burying Dad in a rented suit. You think you've paid the bill, but the bills keep coming in.'' - JOHN J. BYRNE, 54, chairman of Fireman's Fund Corp. (For mor...
The Reagan Administration aimed its heavy artillery at the Federal Reserve over the holidays, and the Fed blinked. In a 43-page letter filed with the central bank, the departments of Labor, Commerc...
''I'M UP TO my elbows in alligators,'' says James C. Miller III, after two months as director of the Office of Management and Budget. He also has other fauna to contend with as he tries to trim som...
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