President Barack Obama said Saturday new budget rules that say spending cuts must accompany spending increases will force Congress to “pay for what it spends, just like everybody else.”

The central bank of greatest concern to investors and U.S. businesses right now isn’t the Federal Reserve. It’s the People’s Bank of China.

President Barack Obama said Saturday new budget rules that say spending cuts must accompany spending increases will force Congress to “pay for what it spends, just like everybody else.”

States are looking to the federal government for more help balancing their budgets, but the Senate is not heeding their call.

The central bank of greatest concern to investors and U.S. businesses right now isn’t the Federal Reserve. It’s the People’s Bank of China.

House Democratic leaders sent mixed signals Friday on a new jobs bill supported by Senate Majority Leader Harry Reid, and a senior Republican senator predicted his party will block action on the Senate floor.

States are looking to the federal government for more help balancing their budgets, but the Senate is not heeding their call.

As Washington works to rev up the economy and spur hiring with yet another dose of stimulus, state and local governments are busily applying the fiscal brakes. Tax hikes, spending cuts and layoffs top the agenda as states continue to wrestle with severe budget crises that largely can’t be deferred by

House Democratic leaders sent mixed signals Friday on a new jobs bill supported by Senate Majority Leader Harry Reid, and a senior Republican senator predicted his party will block action on the Senate floor.

As Washington works to rev up the economy and spur hiring with yet another dose of stimulus, state and local governments are busily applying the fiscal brakes. Tax hikes, spending cuts and layoffs top the agenda as states continue to wrestle with severe budget crises that largely can’t be deferred by