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Treasury: Trillion-dollar coin would not be legal

Treasury Department spokesman Anthony Coley said Saturday that neither his department nor the Federal Reserve believes the law can or should be used to produce such a $1 trillion coin to avoid a coming battle with Congress over government borrowing.

Tags: Treasury , Federal Reserve , debt ceiling , budget , Congress

Saturday - 01/12/2013, 05:44pm EST

DoD nominee warns of 'draconian' cuts

Ashton Carter, the nominee to be the new deputy Defense secretary, said DoD will need to consider civilian employee furloughs, the abandonment of major weapons systems and a severe curtailing of military training if the sequestration envisioned by Congress as a budget-cutting forcing function takes effect.

Tags: DoD , contracting , acquisition , budget , sequestration , management , Congress , Jared Serbu

Wednesday - 09/14/2011, 10:17am EDT
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Why the simple solution won't work with the budget

Complicated issues, like the economy, are more like algebra, says commentator Barlow Herget.

Tags: budget , economy , Barlow Herget , constitutional amendmentdment

Thursday - 08/11/2011, 03:00pm EDT

Where's the WPA when we need it?

Commentator Barlow Herget says we should look to history for lessons on the current economic situation.

Tags: economy , Congress , budget , Franklin Roosevelt

Thursday - 07/28/2011, 04:59pm EDT

Feds offer cost-cutting ideas in third SAVE Awards

Through July 29, feds can submit their money-saving ideas. OMB narrows the ideas to the final four and then opens voting to the public.

Tags: Collaboration Center , SAVE award , budget , OMB , White House , Jeff Zients

Tuesday - 07/26/2011, 08:32am EDT

Nip and Tuck or Guillotine Time?

It's showtime for Congress, the White House and members of the federal family. Odds are, Senior Correspondent Mike Causey says, you are not going to like what you see and hear for the next couple of weeks.

Tags: Mike Causey , Federal Report , budget , debt ceiling , Congress , White House

Thursday - 07/21/2011, 04:00am EDT

Pay, Pensions, Puppies & The Debt Limit

Which of the following items are NOT at stake in the current White House-Congressional debt limit dance: pay raises, your insurance premiums, the health of your brand-new puppy or future raises for federal and Social Security retirees? Senior Correspondent Mike Causey says it's both serious and confusing and, maybe down the road, amusing too.

Tags: Mike Causey , Federal Report , pay and benefits , retirement , debt ceiling , budget , Social Security , pay freeze

Thursday - 07/14/2011, 04:00am EDT

Wrangling continues over debt ceiling, budget

Get the latest update on the contentious debt ceiling debate between lawmakers and the White House from The Hill staff writer Alexander Bolton.

Tags: Federal Drive , budget , debt ceiling , Congress , Alexander Bolton , The Hill

Wednesday - 07/13/2011, 10:31am EDT
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