Topic: Federal Budget
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Could 'fiscal cliff' push US into recession? Five questions answered.
The nonpartisan Congressional Budget Office (CBO) warned in a report Tuesday that if Congress does not deal with a raft of fiscal measures by Dec. 31, the US could enter another recession. So what is this fiscal cliff and what is Congress doing about it?
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Briefing
Buffett rule: Five questions about Obama's plan answered
President Obama wants a proposed "Buffett rule" to make sure that millionaires pay at least a 30 percent federal tax rate. Here are five facts that shed light on the Buffett rule and the debate surrounding it.
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Is GOP at war with women? 4 points to keep in mind on the gender gap
To hear all the buzz, Republicans are at war with women and “hemorrhaging the women’s vote.” A reality check is certainly in order. Here are four points Republicans should keep in mind as they look to bridge the gender gap and chart a winning path to November.
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Mitt Romney's top 5 attacks on President Obama
Mitt Romney has yet to nail down the Republican presidential nomination, but he’s already attacking President Obama. Here's a look at five of Mr. Romney’s charges – and whether they’re true.
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Can the national debt be cut? How Republican candidates' plans compare.
Here's a comparative look at the candidates based on the group's numbers.
All Content
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With 'God on their side,' Romney and Republicans may very well prevail
Mitt Romney's Texas primary win secured him the Republican nomination. Now the GOP wants the support of every major US religion. Mormons, Jews, and Catholics identify with the party in increasing numbers. That helps Republicans erode the Democratic base.
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Economist Mom
Turning the 'fiscal cliff' into a gentle slope
Economists and policymakers worry that the recovering US economy won't be able to handle the amount of deficit reduction headed its way in the coming months. It can;t be avoided, but it can be made easier to overcome.
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Decoder Wire
New Romney ad outlines Day 1 of his presidency. Realistic? (+video)
If Mitt Romney is elected president, he'll have a busy first day, according to a new ad that outlines his priorities. But the ad may overpromise on what a President Romney could deliver.
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Could 'fiscal cliff' push US into recession? Five questions answered.
The nonpartisan Congressional Budget Office (CBO) warned in a report Tuesday that if Congress does not deal with a raft of fiscal measures by Dec. 31, the US could enter another recession. So what is this fiscal cliff and what is Congress doing about it?
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Beyond Afghanistan, a weakened NATO can still write its own future
As the NATO summit in Chicago wraps up, it’s clear that NATO is in a tough spot, navigating a tenuous transition in Afghanistan as a prolonged euro crisis slashes its capability. NATO must look closer to home to restore its credibility in areas our citizens agree are high priorities.
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House reauthorizes Afghan conflict in bipartisan vote
They rejected an amendment that would have required troops to be swiftly withdrawn.
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Paralyzed woman masters mind-controlled robotic arm
Cathy Hutchinson is one of two patients undergoing a trial of the BrainGate neural interface, a system designed to transmit paralyzed patients' thoughts into commands.
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Senate Republicans plead for a budget as frustrations boil over
Senate Republicans proposed five budgets Wednesday, but the Democratic-controlled Senate defeated them all. Republicans say Democrats are punting on tough choices, Democrats say they already have a budget.
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Decoder Wire
Is Washington careening toward another debt limit crisis?
Another showdown appears to be brewing over the national debt limit – and under what conditions Congress will raise it next time. But something big will happen between now and then that may prevent it.
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Economist Mom
Creating jobs while reducing the deficit: hard but possible
Just because deficit spending in general can be helpful in a recession and recovery and harmful in general in a recovered economy, doesn’t mean all deficit spending is equally good in a recession and recovery, or all deficit spending is equally bad in a full-employment economy. There are benefits and costs in either situation.
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Romney hits back on economy, says Obama causing a 'prairie fire of debt' (+video)
The GOP candidate was in Iowa, making his case that the President's administration has not done enough to keep the country fiscally sound.
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Decoder Wire
How the sequester could save Democrats in December
Congress has an apocalyptic list of issues to deal with after the November elections, including the Bush tax cuts and the sequester. Any chance for compromise could rest on Democrats' willingness to be as ruthless as Republicans have been.
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Appalled by sequester cuts, House begins efforts to avoid them
The House on Thursday passed a measure that would spare the Pentagon from looming cuts by making deeper cuts to social programs. But Congress isn't expected to get serious about altering the debt deal's $109 billion sequester until after the November election.
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Donald Marron
What is medicare 'double counting,' and why are budget experts fighting over it?
A new study of the Affordable Care Act finds peculiar Medicare budgeting practices, including counting spending cuts and revenue increases twice. It's causing a stir among budget experts.
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Paper Economy
Food stamp use continues to rise
In February, 123,385 recipients were removed from the food stamps program with the current total still increasing 4.81 percent on a year-over-year basis while household participation increased 6.56 percent.
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Tax VOX
With European elections, is austerity in the US doomed?
It's easy to look at European elections in France, Greece, Spain, Portugal, Italy, and Denmark and see a massive rejection of fiscal austerity. Is that accurate, and what does it mean for proponents of austerity in the US?
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Price of debt-ceiling deal: GOP plan goes 'for the jugular,' Dems say
No one in Congress likes the 'sequester' – the more than $900 billion in automatic cuts written into last year's debt deal – but Democrats say that's better than the new GOP plan to avoid it.
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House Republicans opt for less controversial budget
While the first version of their budget was full of Tea Party zeal, the latest revision makes politically "safer" choices as the general election season heats up.
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Social Security fund: Cash gone in 2033
Social Security fund will run out three years earlier than earlier projections due to boomer retirements, weak economy. If Social Security fund runs out, retirees will get 75 percent of promised benefits.
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DARPA hypersonic glider skin peeled off, says Pentagon
Darpa Hypersonic Glider: The Pentagon has explained why it aborted the DARPA hypersonic glider last year. Apparently, the unmanned craft's skin started to peel off as it reached speeds of Mach 20.
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Robert Reich
What Obama's plan for fixing the economy should be
'We’re on the right track' isn’t a sufficient plan. The President has to offer the nation a clear, bold strategy for boosting the economy.
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Robert Reich
Income inequality highlighted on Tax Day
Income inequality is at its worst in nearly a century, with the highest earners paying low tax rates in the face of a massive federal deficit and crumbling public services. To lessen income inequality, we must curb the political power of the very rich.
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'Buffett rule' fails, but it will be back
The Buffet rule to raise taxes on millionaires couldn't get through the Senate, but both parties promise to make it a campaign issue as the nation heads toward Election 2012.
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Why the GOP loves to hate the Democrats' Buffett rule
For Republicans, the danger in disavowing the so-called Buffett rule, a tax hike on millionaires, is that Democrats can paint them as the party that protects the rich. But they believe they can prevail with voters by fighting it. Here's why.
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Briefing
Buffett rule: Five questions about Obama's plan answered
President Obama wants a proposed "Buffett rule" to make sure that millionaires pay at least a 30 percent federal tax rate. Here are five facts that shed light on the Buffett rule and the debate surrounding it.
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