President Obama and the Senate appear to be on the same page in debt-ceiling talks. But House Republicans are so far holding firm on their no-new-taxes demands.
Senate Republican leader Mitch McConnell proposes a 'last choice option' that would allow President Obama to raise the national debt ceiling without GOP support.
Details of the US debt and deficit talks have been mostly secret, fueling concerns on both sides of the aisle that their leaders will compromise party values or give away too much.
Sen. Tom Coburn's bid to end tax subsidies for ethanol failed. But the measure got 34 GOP votes, suggesting that many Republicans are open to eliminating tax breaks to trim the deficit.
Reeling from the reaction to Rep. Paul Ryan's proposal to reform Medicare, an influential group of House Republicans offers an alternative plan to lock in spending and rein in the federal debt.
Two GOP icons of fiscal restraint clash over eliminating certain subsidies or tax credits. Should savings reduce the budget deficit or go back to taxpayers?
House Speaker John Boehner calls for trillions in spending cuts as a condition of raising the national debt limit. Is that bar so high that Congress will do short-term fixes – and wait for voters to speak in Election 2012?
Republican freshmen revolt, saying the three-week spending bill cuts too little – $6 billion – from the 2011 budget. House Democrats who backed the measure say the GOP rift gives them an edge.
Many grass-roots activists want candidates to sign pledges to, say, undo health-care reform. Will such pledges tie lawmakers' hands later, or improve accountability?
While President Obama's budget would expand the scope of government the House GOP alternative aims to return government spending to historical levels.