U.S. federal budget

The Department of Defense (DOD) budget was described as “bloated” by the man nominated to be its next secretary, former Sen. Chuck Hagel (R-Neb.). Locating the alleged waste, however, is a challenge.

Congress concluded business Saturday until after the Nov. 6 election, but not before passing a bill to prevent a government shutdown come Oct. 1.

Senate Democrats will allow all Bush-era tax cuts to expire and automatic spending cuts to kick in if they cannot reach an agreement with Republicans on extending tax cuts for the wealthy, Sen. Patty Murray (D-Wash.) said Monday.

The Congressional Budget Office warned of explosive growth in national debt if current, unsustainable fiscal policies continue.

The 2010 federal budget aims to create jobs and grow the economy in Canada.

Jenny’s family has become more credit savvy and started saving for an emergency fund.