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U.S. hit debt limit today

May 16, 2011
The government can't legally borrow anymore, so it is staving off default by tapping into federal pension funds.

U.S. dips into pension funds as it hits debt limit

May 16, 2011
The U.S. Treasury is tapping into federal pension funds to free up borrowing capacity as the nation hits the $14.3 trillion legal debt limit. Washington Post's Ezra Klein explains.

Treasury strives to avoid U.S. debt default

May 16, 2011
As the default deadline looms ahead in early August, the U.S. Treasury is moving money around in federal accounts to keep paying bills.

Deadline to raise debt ceiling today

May 16, 2011
With the U.S. government reaching its legal borrowing limit on today, Fortune Magazine's Allan Sloan explains what an impact that could have on Americans.

Uncertainty in regulatory leadership strains financial overhauls

May 13, 2011
New York Times reporter Binyamin Appelbaum explains how vacancies at the heads of financial regulatory agencies could impede overhaul implementation.

A tale of two entitlements

May 13, 2011
The annual report on the health of Social Security and Medicare will update last year's predictions: that Medicare will run out of money by 2029 and Social Security will run out of money in 2037.

Budget trigger explained

May 10, 2011
Most budget-cutting proposals out there say if Congress can't cut the deficit, spending cuts and tax increases kick in automatically.

Illinois moves to aid illegal immigrants

May 10, 2011
State drops out of federal program that deports undocumented residents with criminal records. Law enforcement officials say it focused too much on workers with minor offenses, not hard-core felons.
Posted In: Immigration

State senator mulls competing budget priorities

May 9, 2011
New Hampshire Senate President Peter Bragdon knows popular state programs will need to be cut. The hard part is deciding which ones.

Pakistan's D.C. lobbyists working overtime

May 6, 2011
They're scrambling on Capitol Hill to deflect accusations that Islamabad was complicit in giving Osama bin Laden refuge. So what's the elevator pitch?
Posted In: Washington

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