Budget Control Act of 2011

The furlough of air traffic controllers imposed by the federal sequester in April lasted only a week. But statistics released Thursday show that the resulting delays hurt the on-time performance of the airline industry for the entire month. The on-...

WASHINGTON (Reuters) - The International Monetary Fund urged the United States on Friday to repeal sweeping government spending cuts and recommended that the Federal Reserve continue a bond-buying program through at least the end of the year. In its...

WASHINGTON -- The International Monetary Fund on Friday urged U.S. officials to scale back its automatic federal spending cuts, warning that they were "excessively rapid and ill-designed" and were hurting the nation's economic recovery "The sequester...

WASHINGTON — Amid speculation that the Federal Reserve soon might start scaling back its stimulus efforts, the International Monetary Fund cautioned that a pullback before next year could hurt economies worldwide. Highlighting its concern Friday,...

WASHINGTON, June 14 (Reuters) - The International Monetary Fund on Friday urged the United States to repeal sweeping federal budget cuts that will be a severe drag on economic growth this year. In its annual check of the health of the U.S. economy, the...

At this stage in the U.S. recovery, there isn't much that fiscal policy can do to accelerate growth. Some argue that we need another tax cut, while others would prefer increased spending. Neither is going to happen on a significant scale. Radical...

WASHINGTON — As Congress readied for a new battle over raising the debt limit, Sen. Barbara Boxer announced legislation that would prevent lawmakers from being paid if they do not increase the nation's borrowing authority. "It is an American value...

The U.S. economy is improving, yet Congress seems still to be in the grip of the delirium that shrinking the deficit in the near term is still a matter of paramount urgency. That's what's prevented lawmakers from dealing with their real task, which is...

Fort McHenry National Monument commemorates the Battle of Baltimore and Francis Scott Key's creation of The Star-Spangled Banner. There were more than 640,000 visitors to the fort in 2011, and they spent $44 million in the Baltimore area. Fort McHenry,...

The National Park Service has announced that it no longer needs to furlough U.S. Park Police. The announcement came after Park Police officers — who patrol the Baltimore-Washington Parkway and several sites in Maryland — had served three of...

Raydon Corp., a Volusia County-based military-training company, has emerged from a scrum of rivals with a contract potentially worth $44 million to produce armored-vehicle driver-training simulators, the Army said Monday. The Port Orange company...