The State Capitol is hemorrhaging red ink. The non-partisan legislative analyst's office (LAO) has released a report showing that the revenue shortfall from the budget just passed in August could exceed $10 billion. How did we get into this mess?  Read more >>

Within the last week the stock market has reached an all-time high. But wasn't it just weeks ago that the market suffered a one-day decline of over 400 points, the worst since the 9/11 attack?  Read more >>

To many Americans, the word "hypocrisy" is a synonym for politics. Congressman Alan Mollahan is only the latest example. Accusations that he funneled government money to supporters and business partners forced the ranking Democrat on the House Ethics Committee to step down. Will he eventually share a cell with his former colleague, Randy "Duke" Cunningham, a Republican lawmaker and war hero, who recently pled guilty to accepting bribes to influence decisions on defense contracts?  Read more >>