| Apr 2, 2014
| 5:23 PM
A government watchdog agency has found repeated problems with the access card a gunman used to enter Naval Station Norfolk last week, casting doubt on its basic effectiveness in improving maritime security.
Jeffrey Tyrone Savage, a convicted felon,...
| Apr 1, 2014
| 3:22 PM
WASHINGTON -- The austere Republican budget proposal from Rep. Paul D. Ryan would slash federal spending to pre-Eisenhower levels, but the "turbo cuts" on every aspect of government -- except the military -- are still not enough to reach his promise of...
| Mar 30, 2014
| 3:17 PM
To save commissaries and protect exchanges, Shull proposed to Frederick E. Vollrath, assistant secretary of defense for readiness and force management, a plan to merge commissary operations with exchanges and use resulting efficiencies to stabilize...
| Mar 21, 2014
| 6:09 AM
WASHINGTON -- Fitch Ratings on Friday upgraded its outlook for the U.S. AAA credit rating, removing the nation from a downgrade watch after politicians put off another debt limit battle until next year.
The company, one of three major credit rating...
| Mar 13, 2014
| 11:15 AM
A surprisingly strong earnings report has Wall Street analysts bullish about the fortunes of Huntington Ingalls Industries.
Recently, Zacks.com listed HII as its "Bull of the Day," noting that shares of shipyard stock "have been on a tear since the...
| Mar 16, 2014
| 5:00 AM
How's the U.S. economy doing?
If you're rich, the answer is "fabulously."
Here are some data points from Diane Swonk, chief economist for Mesirow Financial in Chicago. "Spending at luxury retailers has come back," she told the Senate Finance Committee...
| Mar 4, 2014
| 6:03 PM
Like many Democrats, President Obama greeted last December’s budget deal the way a hungry child greets a carrot stick: It wasn’t what he wanted, but it was acceptable under the circumstances.
“This agreement doesn’t include...
| Feb 27, 2014
| 2:30 AM
What you think of Sen. Ted Cruz (R-Texas) depends on who you believe.
Is the freshman senator on an "ego trip," putting himself before country (Dana Milbank, The Washington Post), or is he standing on his principles (Cruz's conservative supporters)?
| Feb 24, 2014
| 10:56 PM
WASHINGTON — The Army will shrink to its lowest troop levels since before World War II under a budget proposed Monday by the Obama administration that seeks to downsize the Pentagon from the wartime buildup of the last 13 years, and calls for...
| Feb 11, 2014
| 9:10 AM
WASHINGTON -- Despite recent disappointing job growth, departing White House economic advisor Gene Sperling said Tuesday he remained hopeful the recovery is strengthening.
“I still think there is reason for optimism, though there’s...
| Feb 10, 2014
| 5:04 PM
WASHINGTON -- The House could vote as early as Wednesday on a bill that would raise the nation's debt ceiling and reverse a cut made to some veterans' benefits as part of the recent budget deal.
House Speaker John A. Boehner (R-Ohio) unveiled the...
| Feb 4, 2014
| 9:27 PM
WASHINGTON — With another major fiscal deadline looming at month's end, House Republicans are preparing to seek only modest concessions from President Obama to raise the nation's debt ceiling and will instead try to press their political advantage...