President Obama's modest proposal to slice $17 billion from 121 government programs quickly ran into a buzz saw of opposition on Capitol Hill yesterday, as an array of Democratic lawmakers vowed to fight White House efforts to deprive their favorite initiatives of federal funds.

The government signaled yesterday that its financial rescue efforts may have reached their high-water mark, announcing that the much-anticipated "stress tests" of 19 large banks showed that only one, GMAC, was likely to need additional taxpayer aid and that it would begin to unwind assistance for...

Following an extended layoff that included a three-month suspension by USA Swimming, Olympic champion Michael Phelps considered giving up the sport for good before rediscovering his motivation.

When John G. Roberts Jr. was nominated to the Supreme Court as chief justice, a pro-Republican group called Progress for America had $18 million in the bank.

The U.S. government is pouring billions into General Motors in hopes of reviving the domestic economy, but when the automaker completes its restructuring plan, many of the company's new jobs will be filled by workers overseas.

Afghanistan Funding for the war there rises to $65 billion, surpassing the amount sent to Iraq ($61 billion) for the first time.