Obama to Propose Cuts to Social Security, Official Says
Obama will offer cuts to Social Security and other programs in a budget proposal aimed at swaying Republicans to compromise on a deficit-reduction deal, a source says.
John Boehner
House Passes Budget, Averts Government Shutdown
The House has passed a huge stopgap spending bill to keep the government open through the end of September, sidestepping any threat of a government shutdown.
Tax Bills for the Rich Approach 30-Year High
With Washington gridlocked again over whether to raise their taxes, it turns out wealthy families already are paying some of their biggest federal tax bills in decades even as the rest of the population continues to pay at historically low rates.
Now That They've Happened, Spending Cuts Seem Here to Stay
So after months of dire warnings, across-the-board spending cuts kicked in. Washington didn't implode, government didn't shut down and the $85 billion budget trigger didn't spell doom.
White House Details Budget Cut Fallout State By State
The White House has detailed the potential fallout in each state from budget cuts set to take effect at week's end, while congressional Republicans and Democrats keep up the sniping over who's to blame.
Government Downsizes Amid GOP Demands for More Cuts
Republicans and other fiscal conservatives keep insisting on more federal austerity and a smaller government. Without much fanfare or acknowledgement, they've already gotten much of both. Another round of huge cuts, known as the "sequester," will hit beginning March 1.
Retail, Fast Food Stocks Stung by Obama's Minimum Wage Push
President Obama's State of the Union proposal to raise the federal minimum wage to $9 an hour has the retail industry on edge and fast food stocks struggling.
House Votes to Defuse Debt Limit Crisis
The House overwhelmingly passed a bill Wednesday to permit the government to borrow enough money to avoid a first-time default for at least four months, defusing a looming crisis setting up a springtime debate over taxes, spending and the deficit.
Obama Agenda Will Confront GOP On Debt
Deficit spending got just a single mention in President Obama's inaugural address. But the outcome of the the long-running conflict with Republicans over his tax-and-spend policies will help shape the government's role in coming years, not to mention Obama's legacy.
House GOP Blinks in Debt Ceiling Standoff: Vote Set for Next Week
The Republican-controlled House will vote next week to permit the government to borrow more money to meet its obligations, a move aimed at heading off a market-rattling confrontation with President Barack Obama over the so-called debt ceiling.
Night of the Living Debt Ceiling: The Fiscal Horror That Is to Come
Last week's fiscal cliff deal did much to resolve the dark specter of economic uncertainty in America. However, it was only the first of three fiscal crises set to hit before March. Next on deck, another sequestration battle; and then the biggie: "Debt Ceiling 2: The Tea Party Strikes Back."
Fiscal Cliff Averted: And Here Are the Next 6 Crises to Worry About
The fiscal cliff has been averted -- at least for now. But if we've managed to dodge one devastating, intentionally-created crisis, there are plenty more massive problems on deck. Here's a list of the next six ways Washington could mess things up for tens of millions of Americans.
Fiscal Cliff Deal Leaves Much of the Budget Crisis Still Hanging
The fiscal cliff compromise on taxes leaves critical issues of borrowing, spending and budget cutting unaddressed, and lawmakers have given themselves only two months to settle their differences. Here's a look at what's been resolved and what they left hanging.
Boehner Caves, Agrees to Hurricane Sandy Aid Vote on Friday
Under intense pressure from angry Republicans, House Speaker John Boehner agreed late Wednesday to a vote this week on aid for Superstorm Sandy recovery. He will schedule a vote Friday for $9 billion for the national flood insurance program and another on Jan. 15 for another $51 billion in aid.