Israel Waives US 'Iron Dome' Funding
Israel insists it should bear its share of the burden, lessen dependence on US aid.
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Sequester
News and updates about Sequester
US Orders 149 Airport Towers Shut Due to Budget Cuts
US Federal Aviation Administration ordered shutdown of air-traffic control towers at 149 small airports due to budget constraints.
Report: More US Companies Creating Offshore Accounts
US companies are keeping more of their profits offshore, choosing overseas tax havens amid talks about closing tax loopholes
Obama Calls for Replacing Sequester with Balanced Approach
With severe spending cuts now etched into law, US President Barack Obama urged Congress Saturday to find a deficit-trimming alternative.
US Frees Detained Migrants as Budget Cuts Loom
US officials released hundreds of detained immigrants to trim expenses ahead of massive automatic budget cuts due to take effect this week.
Fed Chairman Bernanke Warns Budget Cuts Could Slow Growth
Federal Reserve Chairman Ben Bernanke warned that looming budget cuts could further slow growth.
Obama Continues to Paint Devastating Picture of Budget Cuts
Obama is increasing pressure on Republicans to agree on tax increases to avert $85 billion in automatic spending cuts.
Obama Warns: Budget Cuts will Slow Economy, Eliminate Jobs
Obama warned warring politicians it was time to start governing as Washington deals with another crisis threatening the fragile economy.
Obama Blames Republicans for Stalemate in Budget Talks
Obama accused Republicans of refusing to deal and painted a dire picture of the US economy if the automatic cuts take effect
Obama Warns of Threats to Thousands of Jobs
Obama warned Congress that steep budget cuts would hurt the economy and threaten jobs.
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