Budget Control Act of 2011

WASHINGTON (AP) — Built to dominate the enemy in combat, the Army's hulking Abrams tank is proving equally hard to beat in a budget battle. Lawmakers from both parties have devoted nearly half a billion dollars in taxpayer money over the past...

VINCENNES, Ind. (AP) — Agencies across Indiana are dropping flood insurance, scaling back on free meals for the elderly and reducing the number of Section 8 housing vouchers they provide as funding shrinks because of automatic federal budget cuts....

Saturday marked the first full day of the sequester. The drastic federal budget slashing plan resulting in $85 billion in across-the-board cuts are coming and they will arrive first at school systems near military bases and on Native American...

WASHINGTON, D.C. – Congresswoman Jackie Walorski (IN-02) and U.S. Senator Dan Coats released the following responses to the President’s State of the Union address: Rep. Walorski's statement: “House Republicans are ready to get to...

President Barack Obama told Naval Academy graduates Friday that declining faith in government and other institutions makes it more important than ever that they retain their moral center as they embark on military careers. As a cold rain fell on the 1,...

WASHINGTON (AP) — No one answered the tax-help hotline at the IRS on Friday. And you could forget about getting advice on avoiding foreclosures at the 80 Housing and Urban Development field offices nationwide. It was "furlough Friday." Roughly 5...

Hello, Midshipmen! (Applause.) Well, thank you, Governor O'Malley, for your kind introduction and the great support that Maryland gives this Academy. To Secretary Mabus, Admiral Greenert, General Paxton -- thank you all for your incredible leadership of...

President Barack Obama will travel to Annapolis to speak at the Naval Academy commencement today, addressing the class at a time when the military faces complicated internal challenges the graduating midshipmen will soon inherit. It is the second time...

Think back -- back before we knew that the IRS was unacceptably targeting right-wing groups for scrutiny or that the Department of Justice was unbelievably searching the phone records of journalists. Think all the way back to February, when all anyone...

WASHINGTON (Reuters) - Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday. Chairman Brady, Vice Chair Klobuchar, and other members of the...

WASHINGTON — A top Federal Reserve official said Wednesday that a decision on reducing the central bank's unprecedented economic stimulus efforts still is three to four months away as policymakers first must determine if the recovery is strong...

* $967 billion spending cap approved, lowest in a decade * Republicans shifting limited funds toward defense, security By David Lawder WASHINGTON, May 21 (Reuters) - The Appropriations Committee of the U.S. House of Representatives made clear on...