Government Policy and Law

Will the sky fall on Aug. 2 if Congress fails to raise the debt ceiling?

Not likely, according to analysts interviewed by Reuters. They say that even without the ability to borrow more money, the …

The Polk County Board of Supervisors plans to take action to appoint David Jones as Polk County administrator tomorrow.

Jones is currently serving as county administrator of Tazewell County, Ill. He previously served as the …

The United States edged closer today to a devastating default as President Barack Obama’s Democrats and their Republican rivals remained deadlocked over competing plans to raise the debt ceiling, one week before a deadline to …

The U.S. Department of Agriculture (USDA) said today that food inflation will persist in 2012, with prices expected to increase 2.5 percent to 3.5 percent, MarketWatch reported.

The cost of food at supermarkets and restaurants …

House Speaker John Boehner’s two-step debt limit plan would raise the U.S. borrowing limit by up to $1 trillion and later by $1.6 trillion, Bloomberg reported, based on interviews with Republican Party aides.

The plan …

Policy-makers worldwide oscillated between hope and confidence today that U.S. lawmakers will break an impasse over the debt ceiling that threatens to trigger a default and upend global financial markets, Reuters reported.

Asia, which holds …

The U.S. Senate today rejected a plan previously passed by the U.S. House of Representatives that would have substantially cut government spending and raised the federal debt limit contingent on a balanced budget proposal, leaving …

The Senate Judiciary Committee on Thursday approved a measure by Iowa Sen. Chuck Grassley to tighten requirements for nonprofit organizations that receive federal grants through the Second Chance Act.

Grassley offered his amendment to a …

The federal bailout of Chrysler likely cost taxpayers $1.3 billion, CNNMoney.com reported.

Of the $12.5 billion committed to Chrysler as part of the government’s Troubled Asset Relief Program bailout program in 2009, $11.2 billion has …

The Greater Des Moines Partnership will host former New York Gov. George Pataki, who will speak about the federal budget at a breakfast event from 7:30 to 9 a.m. on Friday.

The event will take …