Budget stalemate has many on Capitol Hill crunching numbers. With any new budget, taxes may be the real third rail of politics. Can the U.S. solve its fiscal woes without more revenue?
The Ohio House passed collective-bargaining legislation on Wednesday, and the bill heads back to the Senate for another vote. Gov. John Kasich promises to sign the bill into law.
Republicans in the Wisconsin Senate vote to strip key public-sector unions of collective bargaining rights, despite the fact that no Democrats were present. The vote is a bid to protect core budget cuts to public-employee benefits, Republicans say. But is that necessary?
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.
Police have separated union activists and tea party supporters in Atlanta, Denver, Des Moines, and Columbus, as tensions rise over a Wisconsin push to curtail collective bargaining.
Employers pay state and federal taxes to cover all those unemployment checks. But with unemployment at 9 percent, those taxes aren't enough, leaving some states in dire straits.
GOP proposals to cut the federal budget range from $100 billion to $500 billion to a symbolic $1.5 trillion. With Democrats wary of stifling the economic recovery, the divide just may be too wide.
How furiously to cut government spending is likely to be a major point of departure between Obama, who gives the State of the Union address on Tuesday, and congressional Republicans.