House majority whip Kevin McCarthy says that Congress will likely need to pass another temporary spending measure by March 18 to avoid a federal government shutdown.
In a year of high drama over federal budgets, the nation’s so-called national debt ceiling is becoming a prominent part of the political debate. The Treasury is close to hitting this borrowing limit, yet many in Congress say the ceiling shouldn’t be raised without new commitments to put America on a path of fiscal prudence. Here’s a guide to how the ceiling works and what’s at stake for the economy.
The little city of Bell, Calif., became a symbol of greed and failed government when it was found that city officials had awarded themselves huge salaries. On Tuesday, the voters get their say.
A homecoming that seemed imminent on Monday appears to be off on Tuesday, as trust erodes between Democratic 'Wisconsin 14' and Republican Gov. Scott Walker. Labor standoff resumes.
House Republicans passed a budget bill on Feb. 19 without a single Democratic vote; now Senate Democrats have their own budget proposal. The Senate is poised to vote on both.
Wisconsin's 14 Democratic absentee state senators indicate they're ready to return – because they think they've already won the war, if not this battle.
President Obama's chief economist, Austan Goolsbee, discussed the economic impact of rising oil prices, why he believes corporate leaders will create jobs in the US, and why it's a bad idea not to raise the US Government's debt ceiling at a Feb. 24 Monitor breakfast.
Speaking to Republican activists in New Hampshire, likely presidential candidate Mitt Romney addressed a major challenge: The health care program he took credit for as governor of Massachusetts. Critics say it's a lot like "ObamaCare."
Conservative columnist George Will takes off on Mike Huckabee and Newt Gingrich for their comments about President Obama's upbringing, railing against "careless, delusional, egomaniacal, spotlight-chasing" presidential candidates.
Wisconsin Gov. Scott Walker is threatening to lay off state workers if Democrats don't return to vote on his budget measure. Opponents are preparing petitions to recall Republican lawmakers.
The budget plans will give both Democrats and Republicans a sense of where the votes are and a road map for going forward.
The warring factions could be taking note of voter restlessness over the long standoff between the governor and Wisconsin's state workers – or they could simply be wearing down. Either way, hint of compromise is in the air.
On Facebook, Mike Huckabee says he didn't 'slam' or 'attack' single and pregnant Natalie Portman. His remarks, he said, were about the 'statistical reality' single moms face. How are his numbers?
In recent opinion polls, the US public gives Congress a starting place to look for cuts in federal spending. Energy industries and 'earmarks' top the list, but there's more.
'Gang of Six' deficit-cutting negotiators in the Senate are mum after rumors of entitlement cuts and tax code reform nearly derailed talks. Still, a short-term budget accord this week did manage to avert a government shutdown.
Wisconsin standoff: As Gov. Scott Walker ratchets up the stakes, preparing to lay off 1,500 state workers to win the battle against the unions, he may be losing the war of public opinion.
As talks began with GOP leaders, the White House argued that its budget negotiating position is reasonable. It also offered up $6 billion in additional budget cuts.
Ohio is set to pass a bill that is tougher on unions than the one being considered in Wisconsin. But in Ohio, the only real theatrics took place behind the closed doors of the Senate.
Gas prices are approaching $4 a gallon and oil prices are above $100 a barrel, leading politicians in Washington and statehouses to propose a flurry of legislation. Some proposals strive to quell voter angst while others might balance budgets by raising gas prices. Meanwhile, wind, biofuel, nuclear, and oil industries are lobbying Congress to support more domestic energy production. Many of the proposals are longer-range and thus unlikely to affect short-term gas prices, energy economists say.