• Federal Budget News
House backs variable rate student loans

WASHINGTON (AP) — Dismissing a veto threat from President Barack Obama, lawmakers in the House passed legislation that links student loan rates to the ups and downs of the

House preserves its own budget as others face cuts

WASHINGTON (AP) — House lawmakers are moving to protect Capitol Hill's budget even as they slash programs like education, health research, water projects and housing aid for the

Projected lower deficit could slow any budget deal

WASHINGTON (AP) — The good news is the budget deficit for the current year is projected to come in well below what was estimated just a few months ago. The bad news for deficit

No sequester furloughs at State Department

WASHINGTON (AP) — Despite budget cuts requiring most federal agencies to furlough workers, the State Department says it will not have to force any of its employees to take unpaid

Gen Y: Why we’re so cynical

Gen Y has been called lazy, haplessly doomed and politically apathetic. Why do they feel this way? Short answer: They just don't trust their leaders in

Congress approves bill to end airport delays

Congress easily approved legislation Friday ending furloughs of air traffic controllers that have delayed hundreds of flights daily, infuriating travelers and

Fact check: Did FAA have to furlough controllers?

The FAA has no choice but to cut $637 million as its share of $85 billion in automatic, government-wide spending cuts that must be achieved by the end of the

Senate passes bill to end FAA furloughs

With flight delays mounting, the Senate approved hurry-up legislation Thursday night to end air traffic controller furloughs blamed for inconveniencing large

Flight delays pile up amid budget cuts

Normally, there are 10 air traffic controllers at a regional facility handling arrivals for Los Angeles International Airport. On Sunday night, there were

Simpson and Bowles offer modified budget plan

WASHINGTON (AP) — The chairmen of President Barack Obama's 2010 fiscal commission are wading back into Washington's budget wars with a revised, somewhat milder plan to rein in

TSA official says no employee furloughs expected

WASHINGTON (AP) — A senior Transportation Security Administration official says so far, so good for airport travelers wary of the effects of automatic spending cuts that took

Bowles sees 'seeds of hope' in Obama budget

ORLANDO, Fla. (AP) — Deficit hawk Erskine Bowles, who chaired President Barack Obama's deficit commission three years ago, said Monday that Obama's recent budget plan offers the

DC Download: Outcry over Obama's budget

President Obama's 2014 budget is getting a lot of criticism from all angles, and not all of it is constructive.

Budget: cover uninsured, trim Medicare, tax cigs

WASHINGTON (AP) — President Barack Obama's new budget offers Medicare cuts to entice Republicans into tax negotiations, while plowing ahead to cover the uninsured next year under

Boehner backs entitlement moves, rejects tax hikes

WASHINGTON (AP) — House Speaker John Boehner says President Barack Obama deserves some credit for what Boehner calls incremental entitlement reforms in his budget proposal.

Obama budget plan revisits small-bore budget cuts

WASHINGTON (AP) — Even as it adds fuel to battles over taxes and Social Security, President Barack Obama's budget will reprise lots of smaller bore proposals that have gone

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