taxpayers

(Newser) - Treasury Secretary Henry Paulson, knee-deep in negotiations to save the floundering US finance industry, had a grim warning for Americans today: “There are no guarantees, and the taxpayer is at risk,” Paulson told Fox News Sunday, adding, “The concern I have is for the American people...

(Newser) - Britain’s royal family is facing the effects of tough financial times, ABC News reports—but it's easier to cope when you have taxpayers to foot the monarchy's $80 million in annual expenses. While that’s just $1.30 per taxpayer, Buckingham Palace says, critics note unnecessary expenses, like a...

(Newser) - Bill Clinton is costing taxpayers significantly more in publicly funded perks than the two other surviving former presidents, reports Politico. From 2001 through the end of this year, $8 million will be spent on Bill Clinton, compared with $5.5 million for George H. W. Bush and $4 million for...

(Newser) - British ministers plan to nationalize Northern Rock as part of a bold, desperate move to rescue the struggling bank, the BBC reports. Chancellor of the Exchequer Alistair Darling said two private bids to take over Northern Rock failed to offer “sufficient value for money to the taxpayer,” adding...