Budget
  • Defense Firms Don’t Like Competing on Price

    By Michael Rainey

    Boeing has won three big defense contracts in recent weeks, and its competitors aren’t happy about it. According to The Wall Street Journal Thursday, rivals including Lockheed Martin are worried that...

  • Trump speaks at the Department of Health and Human Services in Washington

    Trump Wants ‘Revolutionary’ Changes to Medicare Drug Payments

    President Trump on Thursday said his administration is taking “revolutionary” action to change how Medicare pays for some drugs and end what he described as a “rigged” and “unfair” system that...

  • The Air Force’s $1,280 Coffee Cup

    By Michael Rainey

    Keeping a cup of coffee hot can be a pricey proposition if you happen to serve on a U.S. Air Force transport jet. Crew members on more than 300 KC-10, C-5 and C-17 aircraft use specially designed...

  • Spain in recession as austerity bites deep

    Bond Traders Shrug Off Massive Debt Auctions

    By Michael Rainey

    The U.S. Treasury is issuing $276 billion in debt this week as the deficit continues to soar in the wake of the tax cuts and higher government spending this year, with some specific bills and notes...

  • Senators Warn Against Bringing Back Earmarks

    A group of nine Republican senators and one Democrat is pushing back against the potential return of congressional “earmarks,” those spending items or tax and tariff benefits targeted to a specific...