The federal budget deficit for fiscal 2014 reached $377 billion by the end of February, the Treasury department reported Thursday.
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The president offered few details of exactly how the rules will be changed.
First-time claims for jobless benefits fell by 9,000 last week, another sign that businesses are laying off fewer workers and the labor market is improving.
Alexander Bolton 03/13/14 01:20 PM EDT
Reid says GOP holding up bill to protect Koch brothers.
Kerry said Russia doesn't have troops in place to take over all of Ukraine.
It is “natural” to be concerned about outsized political influence by large financial institutions, according to a top nominee to join the Federal Reserve.
Stanley Fischer, tapped by the president to serve as the Fed’s vice chairman, told members of the Senate Banking Committee Thursday that it obviously would be a concern if a handful of big banks or a single institution gained a disproportionate amount of say in the federal government. But at the same time, he said, Congress should not fret about the time he spent at Citigroup, one of the nation's largest banks.
The Speaker said he rejected an analysis, circulated by Democrats, that insisted Republicans dropped the ball in their attempts to hold a former IRS employee in contempt of Congress.
Retail sales thawed out last month after plunging in January as severe winter weather battered most of the country.
February sales rose by a seasonally adjusted 0.3 percent, a swing back into positive territory after a 0.6 percent drop the previous month, which was even lower than first reported, the Commerce Department said Thursday.
The Speaker said funding for the IMF "has nothing to do with Ukraine."
“This is a serious hole in your budget here,” said Rep. Rodney Frelinghuysen.