Government Policy and Law

The United States stepped back from the brink of default on Tuesday, but congressional approval of a last-ditch deficit-cutting plan failed to dispel fears of a credit downgrade and future tax and spending feuds, Reuters …

The official charged with overseeing the creation of U.S. state-based health insurance exchanges is stepping down at a critical juncture for the Obama administration’s health care overhaul, Reuters reported. Joel Ario, director of health insurance …

The federal government looks to be getting out of the business of trying to spur the economy just as the U.S. expansion shows increasing signs of faltering, Bloomberg reported.

A deal struck over the weekend …

Consumer spending unexpectedly dropped in June for the first time in almost two years as a slump in hiring caused households to retrench, Bloomberg reported today after the release of a government report.

Purchases decreased …

The debt ceiling debacle has cost U.S. taxpayers more than $1.7 billion – the amount of additional interest the government had to pay investors Monday to sell U.S. Treasury bills that finance its operations, CNNMoney …

Republican leaders, with no extra time before a default threatened for tomorrow, voiced optimism that Congress will pass a compromise with President Barack Obama to raise the U.S. debt limit by at least $2.1 trillion …

Gov. Terry Branstad will travel to Chicago on Thursday and Friday to highlight economic opportunities in Iowa, the governor’s office announced today.

He will talk to Illinois-based businesses that currently have operations in Iowa, and …

Congressional leaders, leaving no extra time before a default threatened for tomorrow, are racing to push through a compromise sealed with President Barack Obama last night to raise the U.S. debt limit by at least …

The CEOs of the nation’s leading banks, including Goldman Sachs Goup Inc. and JPMorgan Chase & Co., sent a letter to the White House and Congress today urging them to hurry up and reach a …

Today’s planned noon appearance by presidential candidate and Michigan U.S. Rep. Thaddeus McCotter has been postponed, the Greater Des Moines Partnership announced.

McCotter chose to stay in Washington, D.C., for the impending vote on the …