Deficit Reduction Act

(Newser) - Moody's Investors Service said today it would likely cut its "Aaa" rating on US government debt, probably by one notch, if federal budget negotiations fail. If the highly partisan Congress does not reach a budget deal, about $1.2 trillion in spending cuts and tax increases will automatically...

(Newser) - The bipartisan panel tasked with finding ways to cut more than $1 trillion from the federal deficit is only five weeks away from its Nov. 23 deadline, and you might not be flabbergasted to learn that it is having trouble reaching an agreement—or even agreeing on basic starting positions....

(Newser) - Female students at US colleges may be cutting back on reliable contraceptives because a quirk in a federal law has made birth-control pills up to four times more expensive, health officials warn. A recent change in Medicaid regulations means drug companies no longer offer big discounts to health centers where...