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Budget

Michigan Gov. Rick Snyder addresses the media in his office in Detroit, Thursday, Feb. 21, 2013. The governor said that he's at least a week away from deciding if Detroit needs an emergency manager to confront its $327 million budget deficit and $14 billion long-term debt. Snyder told reporters that he considers the city's drastic population loss over 60 years to be the main reason for its financial woes. (AP Photo/Carlos Osorio)

Michigan gov says Detroit financial manager job has few takers

Corey Williams, Associated Press
DETROIT (AP) - Michigan Gov. Rick Snyder says some people are already saying they don't want the job of fixing Detroit's financial woes...
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US Postal Service to cut Saturday mail

Pauline Jelinek, Associated Press
WASHINGTON (AP) - The financially struggling U.S. Postal Service says it will stop delivering mail on Saturdays but continue to deliver packages six days a week under a plan aimed at saving about $2 billion a year...
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President Barack Obama (R) signs the Affordable Health Care for America Act as Marcelas Owens looks on during a ceremony with fellow Democrats in the East Room of the White House March 23, 2010 in Washington, DC. (Photo by Chip Somodevilla/Getty Images)

Report: Obamacare a good deal for states

Ricardo Alonso-Zaldivar, Associated Press
WASHINGTON (AP) - A new report says states can receive more than $9 in federal money for every dollar they spend to cover low-income residents under President Barack Obama's health care law...
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President Barack Obama, left, and U.S. Secretary of State Hillary Rodham Clinton, center, tour the Wat Pho Royal Monastery with Chaokun Suthee Thammanuwat, Dean, Faculty of Buddhism Assistant to the Abbot of Wat Phra Chetuphon, in Bangkok, Thailand, Sunday, Nov. 18, 2012. (AP Photo/Carolyn Kaster)

Obama on fiscal cliff: We 'need a lot of prayer'

Jim Kuhnhenn, Associated Press
BANGKOK (AP) - Even in the temples of Asia, President Barack Obama cannot escape thoughts of that fiscal cliff back home...
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What is the 'fiscal cliff' anyway?

Andrew Taylor, Associated Press
WASHINGTON (AP) - So just what is this 'fiscal cliff' that has the financial markets rattled and economists and policymakers alike in a tizzy over the potential for sending the economy into another tailspin?...
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Republican presidential candidate, former Massachusetts Gov. Mitt Romney (L) jokes with Rep. Paul Ryan (R-WI) (R) after announcing him as the 'next PRESIDENT of the United States' during an event announcing him as his running mate in front of the USS Wisconsin August 11, 2012 in Norfolk, Virginia. Ryan, a seven term congressman, is Chairman of the House Budget Committee and provides a strong contrast to the Obama administration on fiscal policy. (Photo by Win McNamee/Getty Images)

Ryan 'honored' to be Romney's choice

Kasie Hunt, Associated Press
NORFOLK, Va. (AP) - Republican presidential candidate Mitt Romney introduced Rep. Paul Ryan of Wisconsin as his vice presidential running mate on Saturday...
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Al Sharpton and Sister Simone Campbell (Politics Nation)

Sharpton, nun slam proposed aid cuts

Marquise Francis
VIDEO - Last night, Rev. Al Sharpton interviewed Catholic nun Sister Simon Campbell on Politics Nation about organizing a bus tour to draw attention to nuns' work with the poor and protest of proposed aid cuts.
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(Photo by Spencer Platt/Getty Images)

Lights out! Why half of Detroit could go dark

Jay Scott Smith
theGRIO REPORT - The news was met with exasperation, shock, and disbelief last week as Detroit Mayor Dave Bing announced a plan to eliminate nearly half of the city’s streetlights in an effort to move people to more densely populated areas of the city...
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GOP budget deficit obsession bad for blacks

Gerald Mitchell
theGRIO REPORT - This deficit-cutting focus could have severe negative effects, particularly for African-Americans. Look at what's happened in Europe....
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Obama sees 1st monthly budget surplus since 2008

theGrio
The Congressional Budget office released data yesterday showing that the federal government has experienced the first monthly surplus of $58 billion...
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