Government And Institutions

It may not be fair, but many retired public employees are going to have to accept pension cuts or risk a nationwide wave of municipal bankruptcies.

According to a new poll by Princeton Survey Research Associates, 38% of participants say they'd rather pay the mandate tax and forego buying health insurance.

The U.S. economy added 203,000 jobs in November, topping expectations and  fueling speculation the Fed could begin dialing back QE3.

There are more glamorous topics than COLA increases for retired public employees. But the fact is COLAs stand at the root of an issue that has bubbled to the top of the national debate in recent years.

Experts say the temporary fix that would enable insurance companies to collect payment from the government for subsidized plans holds plenty of risk for both small insurance providers and consumers.

The IRS hasn’t kept up with auditors’ recommendations to protect taxpayer information that is vulnerable to hackers, according to a government watchdog report, which has raised new concerns about the additional information the agency will store under the Affordable Care Act.

Why is former hedge fund titan Raj Rajaratnam the only Wall Street big shot in jail?

Treasury plans to sell the remaining stake it holds in General Motors by the end of this year, quickening the government’s exit from the automaker.

The Affordable Care Act’s risk corridors for insurance companies could leave taxpayers on the hook for insurers’ losses. And the president's fix for Americans who have received cancelled policies may increase the losses.

Despite the president's repeated promises the ACA is the most transparent law in history and won't increase the deficit, it looks as though those reassurances are beginning to crumble.

Consumers might be cheering the president’s plan to allow cancelled plans to continue on next year, but insurers could be left with a big headache.

President Obama plans to name Timothy Massad, a lawyer who earned his spurs at the country's bank bailout program, as the next head of the U.S. swaps regulator, according to a White House official.

A partial government shutdown had less of an impact than expected in October on jobs growth, as employers added 204,000 jobs, unemployment rose to 7.3%.

The CIA is reportedly paying AT&T more than $10 million a year to provide phone records for overseas counter-terrorism investigations.

Treasury put on hold reductions in the size of some of its debt auctions, saying it was too early to tell how much an impasse over fiscal policy hurt the economy.

Forecasts for the October jobs data paint a grim picture that solidifies fears of a weakening economy and clouds the Fed’s plans for scaling back its easy-money stimulus policies.

The fight to stop waste, fraud and abuse is gearing up across the government as new estimates from the Kaiser Family Foundation show nearly 17 million low- to middle- income Americans are eligible for federal tax credits to buy health insurance on the exchanges.

Advertising groups Publicis and Omnicom received no objections from U.S. antitrust authorities for their proposed merger, they said on Friday, taking them a step closer to creating a new world leading player.

A deal to combine No. 2 U.S. office supply retailer Office Depot Inc with smaller rival OfficeMax Inc has won approval from the U.S. Federal Trade Commission, the companies said in a joint statement on Friday.

Republican Sen. Ran Paul is threatening to put a hold on the nomination of Janet Yellen to become the next Federal Reserve chairman.