The federal government collected record total tax revenues through the first eleven months of fiscal 2017 (Oct. 1, 2016 through the end of August), according to the Monthly Treasury Statement.
A federal judge told three Christian congregations in California that they have no case in wanting to opt out of the state’s requirement that they cover abortions through their health insurance plans.
The national debt exceeded $20 trillion for the first time ever on Friday, the same day President Trump signed a bill into law that suspended the debt ceiling and allowed unlimited federal borrowing.
More than a decade of budget cutting and a rash of government job vacancies are taxing Washington’s ability to cope with a one-two punch of epic storms.
The Federal Emergency Management Agency is rapidly running out of disaster relief funding as Hurricane Irma slams Puerto Rico and the U.S. Virgin Islands and heads toward Florida.
The Federal Emergency Management Agency has been sued by three Texas churches severely damaged in Hurricane Harvey, over what they called its policy of refusing to provide disaster relief to houses of worship because of their religious status.
Congress returns Tuesday from its summer break and, in a test of the uneasy alliance between President Donald Trump and Senate Republicans, will have to grapple with keeping the federal government open, paying U.S. creditors and passing a hurricane-aid bill.
The House plans to vote Wednesday on the first slice of federally-provided aid for Hurricane Harvey recovery.
The United States, Britain, France, Japan and South Korea requested the urgent meeting, to be held at 10 a.m., the US mission said in a statement.
A federal judge blocked enforcement of much of a ‘sanctuary cities’ law in Texas on Wednesday night, just days before it was set to go into effect.
AccuWeather predicts Hurricane Harvey, which has wreaked havoc in Texas, to be the most costly natural disaster in United States history.
Americans on average spent more on taxes in 2016 than they did on food and clothing combined, according to data released this week by the Bureau of Labor Statistics.
President Trump vowed ‘100 percent’ support Monday to the victims of the massive storm known as Harvey, while predicting he and Congress will be able to quickly approve emergency aid to help the region recover.
Central bankers on the Federal Open Market Committee appear to be uncertain of what’s in store for America’s inflationary indicators, which could rankle investors and complicate interest-rate and balance-sheet decisions through the rest of the year.
U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.
A Federal Reserve official who has been a leading supporter of a slow approach to raising interest rates said Wednesday that one rate increase “could be appropriate” this year.
Seven years to the day after lowering interest rates to zero, the Federal Reserve on Wednesday took the first step away from the unprecedented emergency monetary measures it began during the recession.
The Federal Reserve sent a message to the largest U.S. financial firms: Staying big is going to cost you, the Wall Street Journal reported.
Federal Reserve policymakers on Wednesday kept the central bank’s benchmark short-term interest rate near zero, opting against the first increase since 2006 after determining the economy still isn’t strong enough to handle it.
U.S. Federal Reserve Chairman Ben Bernanke says the economy will face “calamity” if congressional Republicans and President Obama cannot reach an agreement to raise the legal limit on borrowing.