Obama 5% of salary returned to treasury: U.S. President Barack Obama has decided to return 5 percent of his $400,000 salary to show solidarity with federal employees adversely [...]
While the full impact of cuts resulting from the federal sequester is still uncertain, the mayor’s budget office estimates the Central Subway project, the city’s public [...]
Republicans and Democrats are likely to make some compromises on Wednesday to ease the $85 billion in government spending reductions brought in by the sequester, officials [...]
A government body thinks tax receipts will hit a nominal record of $2.7 trillion in fiscal year 2013, according to the Congressional Budget Office. Despite the increase, they [...]
The automatic cuts, or sequester, that was triggered Friday, will result in a $5.5 million blow to the Small Business Administration nationwide. Small businesses in New York [...]
Lockheed Martin Corp. won another contract to build F-35 fighter jets just hours before the U.S budget cuts, known as sequestration, were set to take effect Mar. 1.
Lockheed Martin Corp., a major U.S weapons contractor was awarded a $333.7 million contract just moments before the sequester was set to take effect.
President Obama and congressional leaders fail to reach an agreement in a last-ditch effort to avoid $42 billion in effective spending cuts.
Two votes on Feb. 28 to thwart the sequester failed in the Senate. President Obama will meet Congressional leaders again Friday March 1, but the probability of compromise is low.
Two days before automatic budget cuts are to kick in, the blame game between Democrats and Republicans escalates.