Lew Optimistic Budget Deal with Congress Can Be Reached
Treasury chief Jacob Lew, hopeful a budget deal can be reached, tells Congress to consider concessions already made in President Obama's $3.8 trillion spending plan.
budget deal
Obama Presses Congressional Republicans to Avert Sequester
President Barack Obama is urging congressional Republicans to accept more tax revenue in order to avert the sequester -- an $85 billion, across-the-board budget cut due to take effect March 1 that could derail America's still stuttering economic recovery.
House to Vote Thursday on Boehner Budget Plan
The GOP-controlled House is moving ahead Thursday on a bill that would raise taxes on people earning over $1 million a year, sparing most workers from a tax hike but leaving in place painful budget cuts to the military and domestic agencies as "fiscal cliff" talks appear stalled.
Poll Shows 25% Have an Opinion About a Totally Fake Budget Plan
Polls about Americans' views on politics and the economy sometimes return results that baffle the well-informed. Public Policy Polling's latest poll helps explain why that may be: It reveals that a high percentage of people have no problem offering an opinion on topics they know nothing about.
Ups and Downs: Stock Gains Dented by Twists in Fiscal Cliff Talks
An early gain on the stock market shrank after House Speaker John Boehner said little progress was being made in budget talks. The DJIA had been up as much as 77 points Thursday, then briefly turned negative after Boehner's remarks at 11:30 a.m. But markets rapidly headed back into positive territory again.