Government And Institutions

Balancing the federal budget would require significant spending cuts without tax increases and even additional tax revenue may not close the deficit, based on a CRFB report.

Treasury Secretary Janet Yellen dismissed the idea of minting a $1 trillion platinum coin to raise the debt limit without Congress as a "gimmick" that the Fed may not agree with.

The Federal Trade Commission on Monday ordered Credit Karma and HomeAdvisor to pay millions of dollars for allegedly using deceptive tactics against consumers. Both firms pushed back.

Lawmakers are set to consider a bipartisan bill to overhaul the FAA's Notice to Air Missions (NOTAM) system after an outage caused thousands of flight cancellations and delays.

The non-partisan Congressional Budget Office found that Social Security's main trust funds could be exhausted by 2033, which could result in reduced payments to beneficiaries.

A Swiss hacker discovered a Transportation Security Administration "No Fly" list dating back to 2019 while browsing the internet and leaked its contents.

The Federal Trade Commission is seeking for a court to hold in contempt Martin Shkreli, accusing him of not cooperating with a probe related to his lifetime pharmaceutical industry ban.

The debt ceiling is the legal limit on the total amount of debt that the federal government can borrow on behalf of the public. Congress last voted in 2021 to lift the debt ceiling.

The U.S. officially hit its debt ceiling of $31.38 trillion Thursday, which prompted the Treasury Department to use "extraordinary measures" to avoid defaulting on the national debt.

Republican lawmakers are offering proposals to add a balanced budget amendment to the Constitution as the U.S. is poised to hit its debt ceiling Thursday.

The FAA and NTSB are investigating the runway incursion at New York's John F. Kennedy International Airport that led to a near collision between two airliners.

The Federal Aviation Administration is under pressure after several recent incidents affecting air travel and faces a confirmation battle for Biden's pick to lead the FAA.

Some job postings that have surfaced amid California’s push for pay transparency feature broad compensation ranges. Its transparency law went into effect this month.

Democrats and Republicans in Congress are set to debate spending and the national debt as the federal government faces a looming deadline to raise the debt limit.

With the U.S. on track to hit the debt ceiling limit next week, Treasury Secretary Janet Yellen warns 'extraordinary measures' will be taken to navigate the crisis.

LG Electronics issued a recall for 52,000 LG 86-inch smart televisions and stands that were sold nationwide and online are being due to "serious tip-over and entrapment hazards."

Major U.S. carriers including United, Delta and Southwest Airlines, have promised to help passengers rebook for free if they were impacted by the FAA's system-wide outage.

CPSC Commissioner Rich Trumka Jr. is seemingly walking back comments that a gas stove ban is on the table, saying that the agency isn't 'coming for anyone's gas stoves.'

The Texas government announced that it brought in a $32.7 billion budget surplus, which is the largest in the state's history, setting up a debate over taxes and spending.

Survivors of Hurricane Ian are running out of time to submit applications for Federal Emergency Management Agency disaster aid, with the deadline set for Jan. 12.