Sequestration Cuts? Not In My Backyard, Insist Legislators
Is this how we save the federal budget? Sequestration cuts are starting to hit home ... and legislators are starting to complain.
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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 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.
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.
Stocks Sink After Republicans Cancel Budget Vote
Stocks fell sharply after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts take effect.
Stocks Open Sharply Lower After GOP Cancels Vote
Stocks opened sharply lower Friday on Wall Street after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts take effect.
House GOP Scraps Vote on Fiscal Cliff 'Plan B'
House Republicans abruptly scrapped a vote Thursday night on legislation allowing tax rates to rise for households earning $1 million and up, complicating attempts to avoid a year-end "fiscal cliff" that threatens to send the economy into recession.
Fiscal Cliff Calculators: How Much More Will You Owe If We Fall Off?
As the fiscal cliff fight between President Obama and congressional Republicans grows more heated, it's starting to look as if we might fall over the cliff. But what would this mean for your 2013 budget? We've rounded up the best fiscal cliff calculators we could find to help you figure that out.
Social Security: Why Seniors Are Just Plain Angry
Described as a "fear tactic" by critics, the White House warned Tuesday that if Congress fails to raise the debt ceiling soon, come August, millions of Social Security recipients may find themselves without a check. The comments were met with a firestorm of criticism by seniors and their advocates.
Waging a War of Numbers Over Repealing Health Care Reform
GOP leaders will plead for the benefits of repealing the Patient Protection and Affordable Care Act, bringing arguments and numbers to support their viewpoint, while House Democrats will continue their counterpush, throwing very different numbers at the American public.