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But Murphy, while saying he was committed to protecting the Navy's projected two-submarines-a-year production schedule that benefits Electric Boat, could not guarantee the defense budget would avoid reductions. "We're going to be spending less money
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UK police stations are to open in mosques, supermarkets and football stadiums under drastic cuts to the thin blue line in the nation, according to a report. Members of the public reporting a crime will have to go to "access points" instead of their
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As the nation barrels toward the so-called fiscal cliff, military officials and community leaders are bracing for deep cuts in defense spending that they say will reverberate far beyond the boundaries of Fort Benning. If lawmakers are unable to
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FoxNews.com The federal court system is bracing for the possibility of thousands of layoffs or furloughs next month, marking the latest branch of government to plan for the worst in case Congress and the White House fail to avert the looming fiscal
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U.S. stocks rose on Monday, aided by gains in McDonald's and technology stocks, but moves remained muted as investors looked for any signs of movement on the "fiscal cliff" front. Developments in Europe also served to keep sentiment in check a s
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America stands on the brink of another recession. If Congress fails to prevent a series of tax increases and budget cuts due to automatically take place Jan. 1, 2013, federal researchers warn that it will bring economic growth to a halt.
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Speaking on CNN's State of the Union, Cole continued to champion his case that the GOP caucus should take the deal that President Obama is offering: keeping tax rates in place for those making less than $250,000 a year, while allowing rates to
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Topics International Monetary Fund (IMF) Managing Director Christine Lagarde speaks during the conference ''Growth and integration in solidarity: what strategy for Europe?'' with top financial officials at the Economy ministry in Paris November 30,
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The possibility of Washington failing to avert the double-whammy of tax hikes and spending cuts next month is looking far less remote. With 24 days remaining to strike a deal, the two sides remain far apart. House Speaker John Boehner claimed Friday
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The number-one question keeping organizations that represent school districts and educators up at night is whether Congress will be able to reach an agreement to head off "sequestration," a series of trigger budget cuts that will hit just about every
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