A $1 trillion coin could be used by the Obama administration to finance spending even if the debt limit isn't raised, Karlsson writes.
Some Republicans say they're ready to take the debt limit hostage in order to get spending cuts. Sound familiar? But there's a good reason this political cycle keeps repeating itself.
A freshman Senate class was sworn in Jan. 3, bringing diverse skills and experience – not to mention agendas – to the legislative body. Whether the 14 newest senators help break partisan gridlock, or refuse to work across the aisle, will be the test for the 113th Congress.Twelve were elected on Nov. 6, including three Republicans, eight Democrats, and an independent. In addition, a Republican and a Democrat were appointed to vacant seats after the election. Here is a look at the 14 and what they bring to the Senate:
In media interviews Friday, just-retired Rep. Barney Frank said he'd like the Massachusetts governor to appoint him as an interim senator. In his 16 terms in the House, he had both highs and lows.
The "fiscal cliff" deal tells two important stories – Gleckman writes – one about budget policy and the other about budget politics.
The battle over the fiscal cliff was only a prelude to the coming battle over raising the debt ceiling – Reich writes – a battle that will likely continue through early March, when the Treasury runs out of tricks to avoid a default on the nation’s debt.
Donald Trump slams GOP in tweets, saying that Republicans got nothing in the fiscal cliff deal. Here's a look at some principles the real estate mogul might have followed had he been negotiating.