WASHINGTON — The Federal Reserve said Wednesday that it will maintain the pace of its bond-buying program to keep long-term interest rates at record lows. But it offered a more optimistic outlook for the U.S. economy and job market.
The brighter view of the economy could be a hint that the Fed is moving closer to reducing its bond purchases. But the statement issued after its two-day policy meeting gave no indication of when that might happen.
Tea Party conservatives hold a rally against the IRS in Washington, DC on Wednesday. Tea Partiers are demanding Congress "audit" the IRS.
Sen. Charles Grassley, fired off a letter on Tuesday to IRS' acting chief Daniel Werfel to explain why the agency plans to give out the bonuses. He pointed out that all bonus payments were supposed to be halted under the federal spending cuts, known as sequester, according to guidance from the White House Office of Management and Budget.
The seemingly unending battle over the nation's science curriculum reached a new forum this week, when someone submitted a petition to the White House calling for President Barack Obama to enact a federal ban on the teaching of creationism and intelligent design.
"Since Darwin's groundbreaking theory of evolution by natural selection, scientists all around the world have found monumental amounts of evidence in favor of the theory, now treated as scientific fact by 99.9% of all scientists," the document's author, A.J.
June 19, 2013 5:04 AM
A new Congressional Budget Office report says if an immigration bill passes it would boost the economy and will cut the federal deficit by almost $200 billion in the next decade. But Speaker John Boehner says he won't introduce any legislation unless it has the majority of House Republicans behind it. John Dickerson discusses the implications.
WASHINGTON -- Sens. Mark Udall (D-Colo.) and Ron Wyden (D-Ore.) will introduce legislation to limit the federal government's authority to collect data on Americans, their offices announced Friday.
The bill would require that data collection be preceded by a "demonstrated link to terrorism or espionage." The senators will formally file the legislation next week, a spokeswoman for Udall told The Huffington Post.
"Although I strongly believe some authorities under the Foreign Intelligence Surveillance Act provide valuable information that helps protect our national security, Americans with no link to terrorism or espionage should not have to worry that their private information is being swept up," Udall said in a statement.
NORTH LITTLE ROCK, Ark. (AP) — State and federal authorities want a judge to find ExxonMobil broke the law when a pipeline failed at Mayflower and spilled an estimated 150,000 gallons of crude oil in a neighborhood and adjacent waterway, authorities announced Thursday.
Christopher Thyer, U.S. attorney for the Eastern District of Arkansas, and state Attorney General Dustin McDaniel jointly filed a federal lawsuit seeking $45,000 per day for violations since the March 29 spill plus other penalties.
Some 46% of federal air traffic controllers are eligible to retire in next 3 years.
Some 30% of the federal workforce will be eligible to retire in the next three years, according to a Government Accountability Office report. That means the government could be hit by a wave of retirements at a time when it is already dealing with inadequate staffing, because large numbers of employees are on furlough and hiring freezes are in place to save money and dramatically shrink the federal budget deficit.
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