WASHINGTON -- President Barack Obama is extending a new proposal to Republicans that he hopes will break the political gridlock on budget negotiations,...
Detroit's bankruptcy filing has a message for the rest of the county: Your city or state might be next if you don't fix your finances! Unlike the federal government, cities and states can't "print" the money to pay for their promises. And the most egregious promises have been made to public workers, many of whom are now retired and living on ...