federal spending

(Newser) - The next president may inherit a US government so deeply in debt it could lose its Triple-A credit rating for the first time since Moody's Investors Service began grading securities 90 years ago, warns the Wall Street Journal. The White House is preparing to unveil a record $3 trillion budget...

(Newser) - The earmark lives. Despite much public clamoring about lawmakers loading up budgets with expensive pet projects, not much changed this year: The domestic and defense budgets contain more than 11,000 such earmarks, the Washington Post reports. "It would take leadership in both parties—and a lot more shame—...