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Rhode Island's retirement board on Wednesday approved a new set of assumptions that estimates the state's unfunded pension liability is 27 percent higher than previously thought.

A comparison of President Barack Obama's latest deficit reduction proposal with a Republican plan written largely by Rep. Paul Ryan of Wisconsin.

The House and Senate are ready to vote on legislation cutting almost $40 billion from the budget for the current year, but President Barack Obama and his GOP rivals are both eager to move on to multi-year fiscal plans that cut trillions instead of billions.

Republican leaders tugged thousands of jobless North Carolina residents into their budget-cutting goal Wednesday with a plan that forestalls a potential state government shutdown and guarantees slashed spending in return for extending unemployment benefits.

People who file lawsuits claiming they were fired because of discrimination would face a stronger legal standard and be limited in the amount of money they could collect if the governor signs legislation given final legislative approval Wednesday.

An attorney for the state of Wisconsin argued Wednesday that a lawsuit challenging Gov. Scott Walker's divisive collective bargaining law should be dismissed because it is not ripe given that the law has not yet taken effect.

The Alaska Senate on Wednesday defeated a measure to expand a health insurance program for low-income children and pregnant women.

More people applied for unemployment benefits last week, the first increase in three weeks. Still, the broader trend points to a slowly healing jobs market.