Topic: U.S. House Budget Committee

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Could 'fiscal cliff' push US into recession? Five questions answered.

The nonpartisan Congressional Budget Office (CBO) warned in a report Tuesday that if Congress does not deal with a raft of fiscal measures by Dec. 31, the US could enter another recession. So what is this fiscal cliff and what is Congress doing about it?
Who's who on Congress's debt 'super committee'

Congress has created a special super committee to find at least $1.2 trillion in US budget cuts. If the plan is voted down, automatic spending cuts are slated to occur. Here are the 12 lawmakers named to the super committee.
What can Congress do to create jobs? Five Democratic proposals.

Amid fears that the economy may be headed into a second recession, both Republicans and Democrats say creating jobs is their top priority. But the two parties are far apart on their approaches. Here are the Democrats' top five priorities.
In Pictures: Gabrielle Giffords, political survivor
In Pictures: Who's who in the US debt crisis

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Could 'fiscal cliff' push US into recession? Five questions answered.

The nonpartisan Congressional Budget Office (CBO) warned in a report Tuesday that if Congress does not deal with a raft of fiscal measures by Dec. 31, the US could enter another recession. So what is this fiscal cliff and what is Congress doing about it?
Decoder Wire
Paul Ryan goes into Obama attack mode at the Reagan library

Rep. Paul Ryan on Tuesday was the third Republican with vice-presidential buzz to speak at the Reagan library this election season. But his speech had a different purpose.
Decoder Wire
Democrats return fire after John Boehner's opening debt-ceiling salvo (+video)

Democrats charge that John Boehner's renewed call for spending cuts as a condition to raise the debt ceiling is 'dangerous,' recalling the standoff last summer that drove consumer confidence – and Congress's approval rating – sharply down.
Decoder Wire
How the sequester could save Democrats in December

Congress has an apocalyptic list of issues to deal with after the November elections, including the Bush tax cuts and the sequester. Any chance for compromise could rest on Democrats' willingness to be as ruthless as Republicans have been.
Appalled by sequester cuts, House begins efforts to avoid them

The House on Thursday passed a measure that would spare the Pentagon from looming cuts by making deeper cuts to social programs. But Congress isn't expected to get serious about altering the debt deal's $109 billion sequester until after the November election.
Austerity votes in Europe show that GOP is wrong, top Democrat says

Austerity agendas in France and Greece resulted in voter rebellions this week. It's a sign that the GOP's austerity program for the US is mistaken, says Democratic Rep. Chris Van Hollen.
Price of debt-ceiling deal: GOP plan goes 'for the jugular,' Dems say

No one in Congress likes the 'sequester' – the more than $900 billion in automatic cuts written into last year's debt deal – but Democrats say that's better than the new GOP plan to avoid it.
'Buffett rule' fails, but it will be back

The Buffet rule to raise taxes on millionaires couldn't get through the Senate, but both parties promise to make it a campaign issue as the nation heads toward Election 2012.
In Wisconsin, Romney and Santorum give governor, and recall, a wide berth

The recall election of Republican Gov. Scott Walker is the main issue on Wisconsin voters' minds, creating a host of obstacles for Romney and Santorum in the primary Tuesday.
Mitt Romney sings ‘On, Wisconsin’ toward next primary vote

Romney is whistling a happy tune going into Tuesday's major primary election in Wisconsin, and a string of upcoming primaries seems to favor him. Rick Santorum hopes to hang on until May, when voting swings back south.
Presidential race has become two-man: Romney versus Obama

Mitt Romney’s chances of winning his party’s nomination increase daily. He's reframing his campaign to take on Barack Obama, who's also approaching full-campaign mode with an eye on Romney.
Tax VOX
Low-income households would shoulder Ryan's tax burden

The budget Paul Ryan released last week is, essentially, an effort to have low- and middle-class households bear the entire burden of closing the fiscal gap and bear the costs of financing an additional tax cut for high income households.
The Paul Ryan 2012 budget: What he learned in 2011

The Paul Ryan 2011 budget sounded like a graduate thesis on statistical steroids. Paul Ryan's 2012 budget is an 80-page campaign commercial.
Tax VOX
Will Obama's budget raise or lower taxes? Both.

Republicans call Obama an unrepentant tax raiser. The president calls himself a responsible tax cutter who only raises taxes on the rich. Both sides have a point.
Robert Reich
Ryan's budget helps no one but the rich

The real contrast in Paul Ryan's budget is over what the plan does for the rich and what it does to everyone else. It reduces the top individual and corporate tax rates to 25 percent. This would give the wealthiest Americans an average tax cut of at least $150,000 a year. The money would come out of programs for the elderly, lower-middle families, and the poor.
GOP budget plan passes committee on party-line vote

The House budget committee passed the plan 19-18; two Republicans voted against the bill because it didn't go far enough.
Tax VOX
Ryan's mystery meat budget

House Budget Committee Chairman Paul Ryan (R-WI) released a fiscal plan that promises trillions of dollars in tax cuts and a nearly balanced budget within a decade, but never says how he'd get there. 
Why Democrats are cheering the Paul Ryan Republican budget plan

As they did last year, Democrats are attacking the Republican budget plan released by Rep. Paul Ryan as an 'end of Medicare as we know it.' They think it will help them in November.
Economist Mom
Paul Ryan's budget and the sticking point between the left and right

In their calls for tax reform, Republican Paul Ryan and Democrat Kent Conrad have a lot in common. But the question over tax revenues continues to drive the two sides apart.
Paul Ryan releases new GOP budget plan: What's in it?

The Republican House budget, released by Rep. Paul Ryan, scales back Medicare reforms that hurt GOP candidates last year, but sharpens contrast with President Obama on debt.
Joe the Plumber goes to Congress? Why he's a huge underdog.

Joe the Plumber, aka Samuel Wurzelbacher, on Tuesday won the GOP primary for Ohio’s Ninth Congressional District. His next step is to square off against Democratic Rep. Marcy Kaptur.
Try, try again: Senate 'Gang of Six' hatching plan on US debt reduction

Congress punted last year on a plan for major US deficit and debt reduction. But the bipartisan 'Gang of Six' senators is back at it, crafting a blueprint they say will be ready for consideration even before Election 2012.
Paul Ryan's warning: US must cut debt or face 'bitter austerity'

Rep. Paul Ryan (R) of Wisconsin believes a European-style debt crisis faces the United States if it doesn't clean up its financial situation.
Paul Ryan: GOP primary should not be 'personality contest' (+video)

Rep. Paul Ryan (R) of Wisconsin said Thursday that the GOP needs an election that carries a mandate. In Ryan's view, Mitt Romney has offered a positive agenda for fixing the nation.
Rep. Paul Ryan: Payroll tax fight 'caused damage' to GOP (+video)

Long battle in Congress over extending a payroll tax break 'caused damage' to Republicans because it 'muddled' differences between the parties, Paul Ryan, House Budget Committee chairman, said Thursday.