U.S. economists win Nobel Prize for auction theory work

The winning economists designed auctions that allow for multiple bids over a period of time.
U.S. economists Paul Milgrom and Robert Wilson won the Nobel Prize in economics work on commercial auctions, including for goods and services difficult to sell in traditional ways such as radio frequencies, the Nobel Committee said.
Anders Wiklund/TT News Agency/AFP via Getty Images

Is it too late to fill out your 2020 census?

Jun 2, 2020
You now have until mid-August to respond to the census if you haven't yet.
The federal government will use census data to distribute almost a trillion dollars in grants and loans.
Kena Betancur/AFP via Getty Images

Native American tribes, facing COVID-19 surges, need more medical, financial aid

May 8, 2020
The federal government sent billions of dollars in aid this week, but tribes say it’s not enough.
COVID-19 cases in the Navajo Nation are expected to peak in the next week or two.
Spencer Platt/Getty Images

Why small business loans for COVID-19 relief may be delayed

The federal government's guidelines for banks only went out Thursday night — hours before the program was supposed to start.
Can banks really start writing emergency loans to small businesses today as expected?
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The U.S. is relaxing rules for medical professionals working across state lines

Both the states and federal government are lowering the barriers to physicians and nurses practicing in other states.
Karen Ducey/Getty Images

How much do government shutdowns really cost?

Sep 27, 2019
Many indirect costs are not counted in official estimates.
Protesters hold signs during a protest rally by government workers and concerned citizens against the government shutdown on Friday, Jan. 11, 2019 at Post Office Square near the Federal building, headquarters for the EPA and IRS in Boston. The rally was organized by The American Federation of Government Employees. New England has 516 EPA employees that is now down to a staff of 22.
JOSEPH PREZIOSO/AFP/Getty Images

How the shutdown is impacting federal workers

Dec 27, 2018
“The longer it lasts, the harder it’s going to be on myself and many, many others,” one contractor told us.
A view of the U.S. Capitol.
NICHOLAS KAMM/AFP/Getty Images

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CAT bonds could be key to paying for wildfire losses

Dec 10, 2018
Some urge FEMA to issue a catastrophe bond to help pay for wildfire recovery.
Firefighters battle flames at a burning apartment complex in Paradise, north of Sacramento, California, on Nov. 09.
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USPS $3.9 billion from being in the black

Nov 15, 2018
The U.S. Postal Service lost almost $4 billion during the 2018 fiscal year.
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About those tax cuts that are supposed to pay for themselves

Oct 18, 2018
There’s been a lot of talk lately about the budget deficit, which, at last count, is up 17 percent over last year. That’s what happens when the government spends $779 billion more than it collects in revenue, also known as taxes. Seems we’re paying the price for one of the biggest tax cuts in history, […]
Senate Majority Leader Sen. Mitch McConnell listens during a news briefing after a weekly Senate Republican policy luncheon Oct. 10, 2018. McConnell blames the budget deficit on social security and Medicare.  
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