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First furlough notices go out
Washington (CNNMoney) – The first furlough notices for government employees have gone out. The Army sent letters on Feb. 28 and March 1 to unions warning that employees at the Aberdeen Proving Ground...
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Paul Ryan wants to cut more federal workers
Washington (CNNMoney) – Republican House Budget Chairman Paul Ryan wants to cut the federal government workforce by 10% - some 210,000 jobs - through a two-year hiring freeze. It's part of his budget...
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Meat industry rescues federal workers
Washington (CNNMoney) - At least one type of government worker has a friend in big business. Over 9,000 federal food inspectors won't face furloughs after top companies from the meat and poultry...
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Furlough means I can't pay my student loan
Washington (CNNMoney) – Upcoming furloughs mean a 20% pay cut for thousands of federal workers - and some tough budgeting choices. For many, student loan payments will be the first to go. Laurie Vroman...
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Federal furloughs a non-event? Not so fast
Washington (CNNMoney) - Despite delays and cutbacks on furloughs, federal budget cuts are starting to take root. It's not the widespread government service disruptions that people feared. Yet, as more...
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Senate confirms SEC chief Mary Jo White
Washington (CNNMoney) - The Senate on Monday confirmed former New York federal prosecutor Mary Jo White as head of the Securities and Exchange Commission. White was confirmed without a roll call vote,...
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Obama's tax returns: Income drops
Washington (CNNMoney) - President Obama and the first family saw their income drop slightly in 2012, according to tax returns released by the White House on Friday. The returns show the president and...
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'Overworked' IRS unit treated like a 'stepsister'
Washington (CNNMoney) – The Internal Revenue Service group under fire in the current scandal was overworked, understaffed and lacked a layer of experienced middle managers, according to two former IRS...
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7 million students brace for surge in loan rates
Washington (CNNMoney) - On July 1, the interest rates on student loans subsidized by Uncle Sam will most likely double to 6.8%. Congress and the White House agree that something should be done to...
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Don't double the interest rate on my student loan
Washington (CNNMoney) – Brandon Anderson's student loan will get costlier by $1,000, come July 1 - that's when interest rates on the loans are slated to double. Anderson is among 7 million...
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Federal housing offices to close in worst foreclosure areas
Washington (CNNMoney) – Tampa homeowners probably need the government's help more than in other places. After all, Florida's Tampa Bay reported the nation's third highest rate of foreclosures as...
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Deadline nears for higher student loan rates
Washington (CNNMoney) - It's crunch time for students who rely on subsidized government loans - interest rates on them double to 6.8% on July 1. Only Congress can hold the rates down, and so far it's...
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IRS chief seeks to stop bonuses
Washington (CNNMoney) - IRS chief Danny Werfel told employees on Tuesday he's working to stop bonuses and instead cut back on furloughs. The news comes after an outcry over IRS plans to award $70...
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Consumer financial chief to be confirmed soon
Washington (CNNMoney) - Five years after the Wall Street meltdown, the agency that protects consumers is on the verge of getting a chief confirmed by the Senate. On Tuesday, the Senate voted 71-29 to...
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Cheaper student loans after Senate deal, for now
Washington (CNNMoney) - A bipartisan deal on student loans announced by a group of senators Thursday will help students, but only in the short-term. According to the deal, undergraduates taking out...
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Senate passes student loan measure
Washington (CNNMoney) - The Senate on Wednesday approved a bipartisan deal that ensures lower interest rates on loans for students heading to college this fall. Senators voted 81 to 18 to lower...
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Government shutdown won't shut Obamacare: Report
Washington (CNNMoney) – Obamacare would keep running even in a government shutdown, a new congressional report suggests. The new health care law draws funding from sources that are not subject to the...
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Congress OKs cheaper student loans
Washington (CNNMoney) - The House on Wednesday approved a bipartisan that ensures lower interest rates on loans for students heading to college this fall. Members of the House voted 392 to 31 to lower...
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Funding cuts hit 57,000 preschoolers
Washington (CNNMoney) – Federal spending cuts are hitting 57,000 children who would have started preschool in the next few weeks. The Administration for Children and Families reported Monday that...
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New peek into Caroline Kennedy's wealth
Washington (CNNMoney) - Disclosure forms filed by Caroline Kennedy, nominated to become U.S. ambassador to Japan, give a rare glimpse at the vast wealth of one of the most high-profile players in...
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