Cities across the country are shutting down schools as way to deal with budget deficits. In cities like Chicago and Philadelphia, government officials say the closures are a last resort. Meanwhile, millions of dollars are being directed toward … [Read more...]

At the same time the Internal Revenue Service was targeting tea-party groups, the tax agency took the unusual step of trying to impose gift taxes on donors to a prominent conservative advocacy group formed in 2007 to build support for President … [Read more...]

The left wants more taxes on the wealthiest Americans, but when they have the highest taxes then they also have the highest tax breaks. … [Read more...]

It takes an hour by plane and almost three by ferry to reach this island-country smack in the middle of the Irish Sea. Here, on top of a bluff with magnificent views, is a modern building shaped like a Victorian-era hotel that was once on the … [Read more...]

Attorney General Eric Holder said Tuesday the Justice Department has opened a criminal probe of the Internal Revenue Service's treatment of tea-party groups, while an investigative report blamed the agency's managers for allowing the practices to … [Read more...]

The Dow Jones Industrial Average climbed Tuesday to its first finish above the 15000 level, notching another landmark on the market's four-year-long record run. Encouraging economic reports from outside the U.S. and new highs on Germany and … [Read more...]

The Senate immigration reform bill being pushed by the so-called “Gang of Eight” will cost U.S. taxpayers roughly $6.3 trillion, according to a new study from the Heritage Foundation. The study bases its claim on the estimated amount of … [Read more...]

In February of 2012, President Obama unveiled the National Mortgage Settlement, which was designed to "speed relief to the hardest-hit homeowners, end some of the most abusive practices of the mortgage industry, and begin to turn the page on an era … [Read more...]

Defense Secretary Chuck Hagel recently warned that sequestration would cause “suspension of important activities, curtailed training, and could result in furloughs of civilian personnel” but the spending cuts haven’t killed the green fuels … [Read more...]

With legal gambling set to move this year beyond the casinos and onto the Internet, the industry is bracing for the most far-reaching changes in its history. … [Read more...]