Congress
  • Cruz Gets Support from a GOP Shutdown Veteran

    By Maureen Mackey, The Fiscal Times

    Despite the criticism from pundits and jokes from late-night comedians, Ted Cruz, the intractable Tea Party senator from Texas (also known as the “Defunder”), has one big-time supporter outside the...

  • McCain the Maverick Takes on Cruz the Firebrand

    By Josh Boak, The Fiscal Times

    The intergenerational warfare inside the GOP spilled onto the Senate floor on Wednesday. After freshman Sen. Ted Cruz (R-TX) wrapped up a 21-hour marathon speech in opposition to funding Obamacare,...

  • Kerry signs U.N. Arms Trade Treaty, says won't harm U.S. rights

    Kerry signs U.N. Arms Trade Treaty, says won't harm U.S. rights

    By Michelle Nichols, Reuters

    UNITED NATIONS (Reuters) - The United States signed a U.N. Arms Trade Treaty regulating the $70 billion global trade in conventional arms on Wednesday and the Obama administration sought to allay the...

  • Debt Limit Alert: U.S. Has Less than $50B Cash on Hand

    By Cnbc Staff

    The United States could have less than $50 billion in cash in mid-October when the government exhausts its legal borrowing capacity, Treasury Secretary Jack Lew said on Tuesday. READ MORE: WHY...

  • Time to Roll Back the $760K Contractor Salary Cap

    By Josh Boak, The Fiscal Times

    Here’s an easy way for the government to save about $7 billion a year: Tighten the cap on the lavish salaries paid to executives at government contractors. The cap is currently at $760,000 per...