spending

In an email obtained by CNN, OMB Deputy Director for Management Jeffrey Zients tells agency officials that "given the realities of the calendar, good management requires that we continue contingency planning for an orderly shutdow

The White House Office of Management and Budget has notified federal agencies to start preparing and sharing contingency plans in case the government shuts down on Friday.

The new estimate includes the $700 billion Troubled Asset Relief Program, as well as other Federal Reserve and government programs.

The U.S. Treasury announced on Wednesday that government financial rescue programs have begun to turn a profit, and estimates a total profit of about $24 billion based on current market conditions.

KeyCorp announced that it completed the repurchase of $2.5B of Fixed-Rate Perpetual Preferred Stock, Series B issued to the Department of the Treasury as a result of Key's participation in the Capital Purchase Program of the Troub

Credit Suisse has revised down its U.S. GDP forecasts for the first half of 2011. The firm now expects 2.5% real GDP growth in Q1, down from its previous forecast of 3.5%. Its Q2 forecast was also revised down to 3.3% from 3.7%. H

The AP is reporting that House Majority Leader Rep. Eric Cantor says the chamber will not pass another short-term federal funding bill to avoid a government shutdown if talks between the GOP and the White House fail to produce agr

Spending for December was revised to a decline of 1.6% from a prior estimate of a 2.5% drop.

Private residential construction rose 5.3% and private construction spending fell 1.2%.

The Commerce Department reported that construction spending fell 0.7% in January. Economists had expected spending to fall to 0.1%.

Lawmakers pass a one-year reduction in worker contributions to Social Security last year, helping to add more money in each weekly paycheck.

Inflation rose to 0.3% in January, in line with December, and is up 1.2% over the past 12 months.

The Commerce Department reported that the income of American workers jumped a seasonally adjusted 1% in January largely with the help of a temporary payroll tax cut, ahead of consensus estimates for an increase of 0.9%, while cons