Republicans are grappling with growing rifts in their ranks over a no-new-tax pledge that has been rock solid for more than 20 years. That quiet debate within the GOP could determine how Congress deals with its looming 'fiscal cliff.'
After a friendly meeting on the ‘fiscal cliff’, President Obama shook hands with House Speaker John Boehner. Maybe it’s the holiday spirit, but there’s cautious optimism that bipartisanship might not be dead in Washington after all.
Sen. Tom Coburn's annual Wastebook comes up with $18 billion of spending that never should have occurred, with an eye to getting Washington priorities back in line. The No. 1 wasteful item: $132 million to run a Congress that won't say no to waste.
As bipartisan talks to avoid a 'fiscal cliff' renew this week, a top Senate Democratic leader, Charles Schumer, warns negotiators that any plan that aims to cut taxes on the rich and also cut deficits is 'a trap,' and won't add up.
The September 11 memorial and museum will require a $60 million-a-year operating budget. Some argue the federal government can't afford such a hefty price tag, while others say the meaning behind the memorial is worth any cost.
Rep. Paul Ryan's grasp of federal spending has given him an outsized role in defining the GOP position on deficits and debt, but he has a lower profile in driving the bipartisan compromises needed to pass laws.