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Raphael: Sorry to be a buzzkill, but this gravy train weve been on is about to end. Kelly: What do you mean? Raphael: There have been a lot of complaints about our departments spending on extraneous things, and to quell the masses, the department hea

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Credit can be a friend or a foe. It can be an asset or a liability. If you abuse the privilege, it can ruin future plans. If you find your debts have pile up and you feel out of control, develop a plan to help you solve the problem. Getting out of de

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IN THE NEWS - Fight Over Spending Is Just Beginning in Washington This is IN THE NEWS in VOA Special English. A week ago, the United States government was preparing to suspend some of its operations for lack of a budget. But late last Friday, negotia

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The European Union is heightening its pressure on Hungary for reforms, saying that it has failed to effectively control its budget deficit and that its new constitution may be unlawful. EU economy minister Olli Rehn said Wednesday that the Budapest g

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WASHINGTON, March 4 (Xinhua) -- U.S. President Barack Obama on Monday said that the ongoing government spending cuts will hurt U. S. families and slow the nation's economic growth. The government should manage the spending cuts as best we can, try to

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Obama urges smart government spending cuts

WASHINGTON, Feb. 25 (Xinhua) -- U.S. President Barack Obama on Monday urged lawmakers to adopt smart government spending cuts to reduce economic uncertainty and bolster economic growth. The uncertainty caused by the government spending cuts is alread

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From tomorrow the U.S-government is going to be forced to begin slashing some 85-billion dollars from its federal budget, if a deal to avoid the sequestration can't be found. US-President Barack Obama has been making a series of public appearances, w

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As the Spring Festival ends, people have posted various bills of the money they spent during the Spring Festival on the internet. This has stirred heated discussions about the costs of nationwide family-gathering holidays. Gu Jun, who works in the in