us government

This piece takes a look at the salaries of select jobs in the US, inside and outside the government. While the Obamas filed an adjusted gross income of 5.5 million for 2009, and Palin has reportedly earned 12 million since July, consider the fact that some government staffers only make 17k in yearly salary.

Americans lead the world in charitable contributions, giving $300 billion a year to charities. Sounds like a lot right?

But this is just a drop in the bucket compared to the over One Trillion Dollars needed to keep US charities in operation, more than the US government collects in taxes.

Ask the US government if the recession is ending and you’ll hear a resounding yes as the Obama administration rushes to claim an early victory.

Naysayers however point to the massive US debt and the 10% unemployment rate as signs that, even with the economic stimulus package, we still have a long way to go.

That $700 billion bailout has since grown into a more than $12 trillion commitment by the US government and the Federal Reserve.

Moody's Investors Service says the U.S. government's "Aaa" rating is stable despite the country's swelling debt.

General Motors Corp's (GM.N) plan for a bankruptcy filing involves a quick sale of the company's healthy assets to a new company initially owned by the U.S. government, a source familiar with the situation said on Tuesday.