Congress made a deal to avoid an FAA shutdown. The next deadlines involving spending and government debt will be harder.
The US is the only major economy where leaders talk openly about the potential of default. It's dangerous because financial markets would punish the US with high interest rates if traders believed the US would default.
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.
Many tax breaks are government spending by another name. But tax breaks don't get the scrutiny that direct spending does.