Topic: Tom Coburn
President Obama's hopes for a 'grand bargain' both to raise the debt ceiling and rein in the deficit got a boost Tuesday when the Senate's 'Gang of Six' proposed $3.7 trillion in deficit reductions.
07/19/2011 05:59 pm
Republican and Democratic leaders resume talks with President Obama Thursday on raising the national debt limit and bringing down the deficit. Will anyone bring more to the table this time?
07/07/2011 10:56 am
Farmers planted a near record number of acres of corn this season, which has caused corn futures to sink
07/05/2011 01:22 pm
On Monday, President Obama and Vice President Joe Biden will hold meetings with Sens. Harry Reid and Mitch McConnell to discuss the status of the debt talks.
06/24/2011 03:47 pm
As an Aug. 2 deadline for raising the debt ceiling nears, Congress is getting serious about where to find major spending cuts. Republicans have vowed not to support a potential $2.4 trillion increase to the debt ceiling unless they get an equal amount of budget savings to offset the increase. Finding $2.4 trillion in spending cuts is not easy, but Congress's search is beginning to show some signs of promise. In particular, three programs long protected by big, bipartisan majorities in the past now appear vulnerable.
06/17/2011 09:29 pm
A Senate vote to eliminate $6 billion in tax breaks for ethanol producers is a strong sign that ethanol is losing allies and Congress is increasingly open to getting rid of tax breaks.
06/16/2011 09:14 pm
Sen. Tom Coburn wants to abandon the Republican promise not to raise taxes, and he may be convincing other Republicans to consider the same
06/16/2011 10:12 am
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.
06/14/2011 09:58 pm
The Senate vote on repealing tax subsidies for ethanol producers has big political ramifications, but the impact on the industry could be minimal. A continuing federal mandate that requires refiners to blend ethanol into gasoline provides adequate support for producers, experts say.
06/14/2011 04:03 pm
One of the few potential points of bipartisan compromise in the budget stalemate is reining in tax breaks. A Senate vote Tuesday could reveal whether GOP senators are on board.
06/14/2011 12:23 pm