Government

White House economist Austan Goolsbee said more needs to be done to create jobs, but that the president's plan was working. 

Scott Walker vowed never to compromise on the core of his plan to curb the power of public sector unions.

Wisconsin Governor Scott Walker warned that unless the state legislature approves a plan to reduce the power of public unions he will soon begin preparing layoff notices.

President Obama said the U.S. and international community must be ready to act rapidly if warranted by a humanitarian crisis or to stop violence against civilians in Libya.

Senate Democrats are preparing a bill that would essentially keep government spending at its current level through the end of the fiscal year, an aide said.

Wisconsin Gov. Scott Walker said that if Democrats block his proposal to curb the power of public sector unions, local governments may have to make even deeper cuts.

Financial regulators are closing in on rules that would toughen standards for some homebuyers but still allow others to purchase a property with a low down payment, officials said.

The U.S. Treasury said on Tuesday the federal government will hit the debt ceiling on its borrowing between April 15 and May 31, instead of between April 5 and May 31.

The U.S. House of Representatives approved a two-week spending bill to avoid a government shutdown. The bill now moves to the Senate.

Senate Majority Leader Harry Reid said the Senate will vote this week to extend government funding for two weeks in order to avoid a shutdown.

Wisconsin Governor Scott Walker is expected to deliver a proposal to cut state spending, which includes a move to cut collective bargaining rights of public unions.

A Dane County circuit court judge ordered Wisconsin authorities to open the Capitol Building in Madison to public access during business hours.

General Accountability Office told regulators that companies managing retirement plans should disclose more about fees they are paid for investments they recommend.

A bitter debate over the U.S. federal budget would only be postponed by a short-term spending deal taking shape in Congress that would avert an immediate government shutdown.

Wisconsin's 14 state senate Democrats have no plans to return to prevent a vote on a bill that would limit collective bargaining for public workers.

A survey of forecasters shows the country's massive budget deficit is the gravest threat facing the economy.

The governor of Illinois said he is not seeking a federal guarantee of his state’s pension debt, but that he included the proposal in his budget last week 'as a precaution'.

New York City wants to hire investment banks to improve management of its assets, from parking meters to buildings.

The White House said the U.S. is moving ahead with sanctions and cutting diplomatic ties with Libya.

There may be more clarity on Washington's position when the U.N. Security Council meets in New York.

As political turmoil in state capitals has heightened the sense of financial chaos that has led to record levels of withdrawals from muni-bond funds, savvy investors are lurking on the sidelines waiting for an opportunity to pounce.

House Republican leaders proposed a two-week extension of the government to avoid a shutdown.

Over the fierce objections of protesters, the Wisconsin state Assembly passed a plan to  curb public sector union power.

Boeing beat out EADS for a contract to supply the U.S. Air Force with 179 refueling tankers, ending a controversial competition that lasted for more than a decade.

The mortgage funds provider requested an additional $500 million in taxpayer aid after reporting its sixth straight quarterly loss.

Wisconsin lawmakers agreed to limit amendments on a budget bill that would curtail union bargaining rights.

Sales of new single-family home fell more than expected in January to a seasonally adjusted 284,000 unit annual rate.

Jobless claims fell to 391,000 in the latest week but remained close to levels linked with persistently high unemployment.

Republican leaders in the House want to make deep spending cuts of $4 billion as part of a stopgap bill to avert a government shutdown.

The Obama administration is trying to push a settlement that could force the largest U.S. banks to pay for reductions in loan principal worth billions of dollars.

Republican leaders in the House of Representatives are working on a two-week stopgap spending bill that would keep the government running beyond March 4 and would contain significant spending cuts, a senior aide said on Wednesday.

President Obama said the violent crackdown in Libya is 'outrageous' and 'unacceptable' and violates international norms.

If Illinois Governor Pat Quinn has his way, future pension bond sales could come with U.S. taxpayer guarantee.

The United States is monitoring oil prices amid unrest in the Middle East and North Africa, a White House spokesman said on Wednesday.

Wisconsin state senate Republicans are expected to take up minor bills as Senate Democrats stay out of state in a tense stand-off with Gov. Scott Walker over a budget proposal to strip collective bargaining rights from many state workers.

Libyan leader Muammar al-Qaddafi appeared on state television late Monday to refute reports that he had fled to Venezuela.

Wisconsin Governor Scott Walker said failing to address the state's budget deficit now will have serious consequences for future generations.

Both Libya and Venezuela rejected reports that Libyan leader Muammar al-Qaddafi was seeking asylum in the South American nation.

All non-emergency personnel were advised to leave Libya, where protesters have been gathering amid turmoil throughout the Middle East.

The showdown in Wisconsin's capital continues as people across the country show their support. 

The ratings firm said the president's budget proposal would be 'marginally positive' for the country's credit ratings in the short term, but there is 'almost no chance' Congress will pass the plan as it was presented.

Senate Democrats slammed Republicans this weekend for threats to shut down the government.

The Alcohol and Tobacco Tax and Trade Bureau is considering a petition to add alcohol facts, including calories, fat and carbohydrate listings to containers. 

Facing large protests from state workers and a Democratic revolt in the legislature, Wisconsin's Republican Governor Scott Walker called his proposals to curb union rights and cut worker benefits a "modest request."

Some analysts say the Fed has been swayed by critics at home and abroad over its monetary easing.

The House of Representatives voted on Thursday to overturn proposed rules that bar Internet service providers from blocking legal content but give some discretion to ration access for bandwidth hogs.