Government Spending | featured news

U.S. economic growth accelerated from January through March, buoyed by the strongest consumer spending in more than two years. The strength offset further declines in government spending that are expected to drag on growth throughout the year.

The budget posted a surprise surplus in January for the first time in five years, as the Treasury likely benefited from a windfall when payroll tax cuts expired.

A key Republican leader assured Sunday that a congressional supercommittee will reach agreement on $1.5 trillion in cuts in government spending by next month's deadline and avert deep automatic measures.

The Tea Party Express will put its stamp on the 2012 presidential election by hosting a debate next year for Republican candidates with CNN. The debate, set for Labor Day week, will focus on the economy and government spending -- two issues of great ...