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Debt-ceiling bill set to lose in the House. Why bother to vote?
The US House is to vote Tuesday on a bill that would raise the nation’s debt ceiling. But Republicans will oppose it in block, and many Democrats may cast 'no' ballots as well.
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Congress stalls out on budget and deficits. What next?
Talks broke down on key fronts this week as an impasse appeared on cutting spending and raising taxes. That leaves bipartisan leadership talks, chaired by Vice President Biden, as the main venue for a deal that could pass both the House and Senate.
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Tea party faces unusual opponent in national debt limit battle
Usually natural allies, the tea party and the business lobby are at odds over if and how to raise the national debt limit.
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Why debt limit issue may drag on through Election 2012
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?
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Next up for Senate: votes on two budget plans, more than $50 billion apart
The budget plans will give both Democrats and Republicans a sense of where the votes are and a road map for going forward.
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Smoke and mirrors in Obama's budget? Five examples of creative accounting.
President Obama's proposed $3.7 trillion dollar federal government budget works some economic magic, from disappearing programs to mystery funding sources. Here’s a look at five key head-scratchers in the 2012 budget:
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Among Obama's tough budget cuts: money to help needy pay for heat
Reports suggest that President Obama's federal budget, to be released next week, will propose cutting in half the budget for the Low Income Home Energy Assistance Program. It's one of many popular programs on the chopping block.
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Republicans vs. Republicans: When are federal budget cuts too deep?
House Republican leadership wants to rein in the federal budget by $32 billion from current spending levels. But some of the rank-and-file want $100 billion in cuts – or more.
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Behind closed doors, bipartisan bids to break budget impasse
The words of Republican and Democratic leadership on Capitol Hill suggest Congress is headed for a government shutdown over budget issues. But several bipartisan groups of rank-and-file senators are seeking to find a solution.
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What will deal on Bush tax cuts mean for the federal deficit?
Extending the Bush tax cuts will prevent as much as $300 billion a year from going into federal coffers, continuing the current federal deficits.
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Lame-duck Congress's first task: avoid a government shutdown
Funding for fiscal year 2011 is set to run out Dec. 3. Will emboldened Republicans be willing to shut down government rather than pass a trillion-dollar budget that expands the deficit?
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Poison vote looms for tea party freshmen: Raise the national debt limit?
Congress is months from a vote on whether to raise the national debt limit. But House Republicans are already bracing for what could be the toughest vote tea party freshmen face.
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Election 2010: a fight over jobs and recovery vs. deficit and debt
Trillion-dollar annual US deficits are unprecedented, and many voters are alarmed by them. But the public also wants a jobs recovery. How those dual issues will affect Election 2010 races.
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Unemployment extension 101: what you need to know
The Senate passed an unemployment extension Wednesday evening. Who is eligible? Is it retroactive to June 2? When will the checks be in the mail? We cover the basics.
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Healthcare reform fallout: Which states could lose financially?
States that have not already expanded Medicaid programs are worried about healthcare reform bringing new financial burdens.
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How two little-known offices will shape healthcare reform
As efforts to pass healthcare reform progress, more responsibilities are being placed on the Congressional Budget Office and the Senate Parliamentarian's Office – two institutions famous for their devotion to fairness and attention to detail.
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How much would Obama's spending freeze trim US deficits? Not a lot.
President Obama's spending freeze proposal, outlined Tuesday, would apply to only about one-sixth of the federal budget. But at least it would be a first step, say some budget experts.
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Congress's early task: What to do about national debt ceiling?
A vote to raise the national debt ceiling is always tough, because it casts the majority party as a reckless spender. But Congress must confront the issue, probably Jan. 20, upon lawmakers' return from recess. If the ceiling is not raised, the government will likely run out of funds in February.
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What can Robert Gates achieve in extra year at Pentagon?
Defense Secretary Robert Gates announced recently that he will stay on at least another year. That will help him shepherd some of his Pentagon reforms – and perhaps start new ones.
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Who will rein in healthcare costs? Don't look to Congress.
The issue of controlling healthcare costs is so contentious that Congress may opt for a bill that punts much of the task to an independent commission.
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Seniors on Social Security likely to get a bonus check
There won’t be a cost-of-living adjustment (COLA) next year. But lawmakers of both parties – and Obama – want to help Social Security recipients during tough economic times.
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Trillion-dollar deficits: How serious are they?
The White House predicts $9 trillion in red ink from 2010 to 2019. But the Congressional Budget Office estimates $7 trillion. What's an ordinary taxpayer to make of the confusing numbers?
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Why healthcare reform is still alive, despite initial cost estimates
Dire pronouncements aside, the process is just getting started, with legislation at a formative stage and Obama yet to offer his plan.
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Obama looks for ways to pay for healthcare
The goal is to make reform deficit neutral, including trims in Medicare and Medicaid.
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Obama promises 600,000 new jobs from stimulus spending
Only $37 billion of the $787 billion has been spent so far. Confusing provisions and the sheer size of the bill have created delays.
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