NASA boosts Webb telescope cost to $8.7 billion

NASA has boosted its cost estimate of a major telescope project to 8.7 billion dollars, even as lawmakers have threatened to slash the space agency's budget, a spokesman said Wednesday.

One in six IT projects are 'ticking timebombs'

A surprisingly high number of business and government technology projects are 'ticking time bombs', according to researchers at the University of Oxford. They analysed 1,500 global projects that had revamped their information ...

Hubble successor in trouble

For years, astronomers have set their sights on launching a successor to the Hubble Space Telescope-one with 100 times its power-that could peer back to the earliest light of the universe. But funding for the costly ...

Computer game gives people shot at managing budget

(AP) -- Think you might do better than President Barack Obama and congressional leaders in picking and choosing what government spending to cut - or taxes to raise - to stave off a debt showdown that could wreck the economy? ...

Private space race heats up as shuttle retires

Private companies, aided by NASA's cash and expertise in human space flight, are rushing to be the first to build a space capsule to replace the retiring US shuttle in the next few years.

Cooperation needed to resolve deficit

The federal government has routinely operated with a budget deficit for many years, but that practice has become a bad habit, according to a Kansas State University public budgeting expert.

US ethanol subsidy caused corn price surge: study

US ethanol subsidies pushed up corn prices as much as 17 percent in 2011, according to a study released Wednesday at a time when Washington's policies on biofuels are coming under heightened scrutiny.

US Senate votes down ethanol subsidies

The US Senate voted Thursday to end a $6 billion subsidy for ethanol in a move that appeared largely symbolic but sends a message about the growing unease on support for the biofuel made mostly from corn.

The rise of the Internet electorate

Four years ago, Barack Obama kicked off his presidential campaign on the steps of Illinois' Old State Capitol, speaking in front of thousands of supporters and a throng of media. Earlier this month, when he formally announced ...

Proposed U.S. budget cuts target science

A "Sputnik moment" or a "kaputnik" one for U.S. science? With a federal budget battle showdown under way, science looks like collateral damage, say former federal officials, with proposed cuts to research that they consider ...

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