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Government agencies misspent over $98 billion last year, $26 billion more than was wasted the previous year, the Associated Press reports. The White...

This week, the gross national debt hit a record $12.031 trillion. Gross debt is a broad measure which includes both debt held by the public (currently...

Early this week, General Motors stated that while it is still experiencing losses, it has stabilized itself enough so that the company can begin...

Several executives from General Electric and Bank of America Merrill Lynch said early this week in a BofA Merrill Lynch webcast that they see Congress...

On Friday, the Centers for Medicare & Medicaid Services (CMS) released a report estimating the effects of the House health care reform bill. Looking...

Here are the highlights from this weekend’s editorials on fiscal and budget policy: The New York Times applauds the House and Senate Finance bills for...

On Friday evening, the FDIC reported that it has taken over an additional three banks ( Pacific Coast National Bank, Orion Bank, Century Bank) for a...

UPDATE: Stan Collender thinks we might be making ice mountains out of snow hills. According to a number of news reports, President Obama has begun...

The FDIC has just adopted a rule to require banks to pay at the end of 2009 the amount they would owe the FDIC for insurance premiums over the next...

This morning, a Wall Street Journal article reported that the White House intends to use some of the remaining TARP cash for deficit reduction, while...

The Monthly Treasury Statement is out, and states that Fiscal Year 2010 is off to a perilous start. The deficit for the month of October is ringing in...

Last Friday, we blogged on new information from the Bureau of Labor Statistics reporting the astonishingly high monthly unemployment rate for October...