You paid your Medicare taxes all those years and think you deserve your money's worth: full benefits after you retire.
A newly updated financial analysis shows that what people paid into the system doesn't come close to covering the full value of the medical care they can expect to receive as retirees.
When Rep. John A. Boehner, Ohio Republican, takes the gavel from outgoing Speaker Nancy Pelosi next week, the California Democrat won't be the new year's biggest loser. That dubious honor falls on America's big-spending big-city mayors. The Republican resurgence sends a message that municipal partying at taxpayer expense must come to an end. Finally, after an era of indiscipline, 2011 promises to be a year of reckoning.
Russia's President Dmitry Medvedev has fired two space officials over a failed rocket launch that resulted in the loss of three satellites.
Politicians love to cry crocodile tears about how hard it is to cut government spending. An amendment introduced Dec. 15 by Sen. Tom Coburn, Oklahoma Republican, would have saved more than $156 billion over five years without very much hardship.
While the national economy shows signs of improvement, city and county governments nationwide still are feeling the strain, as 2010 was among their worst years financially in decades.
Bills filed in the Indiana House that would ban workers from being required to pay union dues could spark a debate so divisive that Republican Gov. Mitch Daniels wants to avoid the issue.
More than 100 U.S. Postal Service employees over 90 years old are collecting workers compensation - a fact one U.S. senator calls troubling, arguing that workers ought to be moved to retirement rolls from which payouts would be less expensive.
The widow of the man who held a Florida school board at gunpoint and fired shots before killing himself says she still doesn't know why it happened.
