Here’s what to expect if Republicans and Democrats in Congress don't reconcile their differences on spending for the last half of this fiscal year ... and a government shutdown ensues.
Buried in the appendix of the federal budget plan is the real skinny on how the government aims to spend your money – from clearing brush in national forests to US Army payroll.
House Speaker John Boehner says 'so be it' if budget cutting puts government employees out of work. In the end, would that help the unemployment rate or hurt it?
Jacob Lew, director of the Office of Management and Budget (OMB), says Social Security 'is essentially a parallel issue.' But this doesn't mean policymakers shouldn't address its challenges.
Jacob Lew responded Thursday to a report that some senators are working on legislation that would trigger tax hikes and spending cuts if Congress fails to live within spending targets.
Bill O'Reilly, the Fox News host, outlined what he called a 'very simple strategy' for the federal deficit: turning the clock back to 2008.
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:
The White House Office of Management and Budget (OMB) puts in hours and hours of overtime coordinating figures as it prepares the president's budget.
President Obama's FY 2012 budget lands on congressional desks Monday. Republicans are unimpressed, which sets the scene for a long fight over spending, taxing, and deficit reduction.