Topic: U.S. House Budget Committee
US credit rating is still AAA, but Standard & Poor’s added a cautionary note because of the nation’s ‘rising government indebtedness.’ Here's a look at some of the budget plans in Congress.
04/18/2011 10:20 pm
Looming debt-ceiling talks may be a bigger hurdle for the three negotiators than the hard-fought deal on the 2011 budget. As for a deficit-cutting plan? Obama and Boehner are starting far apart.
04/18/2011 02:18 pm
President Obama's campaign-style rhetoric reached for the Democratic base, and may be an acknowledgement that a deficit-reduction deal is unlikely before the 2012 election.
04/14/2011 09:27 pm
Though their plans differ dramatically, President Obama and the GOP agree that the deficit needs to be reduced by about $4 trillion over the next 10 to 12 years, in order to reassure credit markets and get the debt under control.
04/14/2011 05:38 pm
The battle over the national debt and fiscal responsibility has been joined. President Obama laid out his own idea of a path to prosperity Wednesday, countering a rival plan set forth last week by Rep. Paul Ryan (R), the chairman of the House Budget Committee. The plans share important similarities: big spending cuts, a form of automatic trigger if Congress fails to act, and reforms to entitlements like Medicare. But the contrasts are clear and significant. Here are five prominent differences between President Obama's and Congressman Ryan's plans on deficits and debt:
04/13/2011 08:37 pm
Obama's plan to cut federal deficits over the next 12 years relies on tax increases for the wealthy as well as budget cuts. But he rejects Republican plans for reforming Medicare.
04/13/2011 07:11 pm
The president has an opportunity to take a liberal stance on reducing the deficit. Will he take it?
04/13/2011 11:03 am
JPMorgan earnings will be released before the market opens. Also on tap: Obama's budget plan and more toxic assets for sale.
04/13/2011 02:11 am
House's plan for next round of budget-cutting would revamp the social contract between Medicare recipients and the government. Obama may say on Wednesday how far he'll go on Medicare reform.
04/12/2011 03:32 pm
President Obama will lay out his 'vision' for deficit reduction Wednesday, a week after the GOP released a 2012 budget proposing big cuts. He is well positioned to occupy the middle ground.
04/11/2011 06:06 pm