GOP looking at one-week budget extension

GOP looking at one-week budget extension

Republicans battling with President Barack Obama over budget cuts are moving one-week legislation Thursday to avoid a government shutdown, despite opposition from the White House and Senate Democrats pressing for a longer-term solution. The move by House Speaker John Boehner, R-Ohio, to advance the interim budget measure angered his Democratic negotiating counterparts and came after […]

Government shutdown: A big risk for both parties

Government shutdown: A big risk for both parties

Democrats and Republicans say the last thing they want to do is to shut down the government. But with budget talks showing little signs of a breakthrough, there are growing worries that a stalemate could hurt the economy’s fragile recovery. Many economists and budget analysts suggest that a government shutdown, if it’s lengthy, or even […]

GOP budget will raise health care costs for seniors

GOP budget will raise health care costs for seniors

Congressional budget experts say future retirees would pay more for health care under a new House Republican budget proposal. The fiscal blueprint would put people now 54 and younger in a different kind of health care program when they retire. Unlike parents and grandparents in traditional Medicare, they’d get a federal payment to buy private […]

No budget deal yet: Next stop, shutdown?

No budget deal yet: Next stop, shutdown?

Talks appear to be intensifying on Capitol Hill on reaching a deal on long-overdue legislation to finance the government through the end of September — and avoid a government shutdown. Whether a shutdown can be avoided in three days’ time is another matter. A White House meeting Tuesday that included President Barack Obama, House Speaker […]

Obama calls Boehner to White House to talk budget

Obama calls Boehner to White House to talk budget

U.S. Speaker of the House John Boehner speaks in front of fellow GOP leaders about Senate Democrats and their failure to pass a long-term bill to cut spending and keep the U.S. government running while on Capitol Hill in Washington. REUTERS/Larry Downing President Barack Obama has summoned the top Republican in Congress to the White […]

Baby boomers worried about retirement

Baby boomers worried about retirement

Baby boomers are starting to retire, but many are agonizing about their finances and believe they’ll need to work longer than they had planned, a new poll finds. The 77 million-strong generation born between 1946 and 1964 has clung tenaciously to its youth. Now, boomers are getting nervous about retirement. Only 11 percent say they […]

Obama makes it official: He’s running for second term

Obama makes it official: He’s running for second term

President Barack Obama formally launched his re-election campaign Monday, urging grass-roots supporters central to his first campaign to mobilize again to protect the change he’s brought in his first term. The official start of his second White House bid comes 20 months before the November 2012 election. “We’re doing this now because the politics we […]

Who decides how to save the earth?

Who decides how to save the earth?

To the quiet green solitude of an English country estate they retreated, to think the unthinkable. Scientists of earth, sea and sky, scholars of law, politics and philosophy: In three intense days cloistered behind Chicheley Hall’s old brick walls, where British saboteurs once secretly trained, four dozen international thinkers pondered the planet’s fate as it […]

Romney tries to learn from past

Romney tries to learn from past

In his first presidential run in 2008, Mitt Romney sought back-to-back victories in Iowa and New Hampshire to propel him to the GOP nomination. He won neither, the two-state sprint failed and so did his candidacy. This time his strategy is more of a multi-state marathon, with economically suffering Nevada an important round in what […]

Can Congress avoid an economic train wreck?

Can Congress avoid an economic train wreck?

Political ideologies and government spending realities are speeding trains headed toward a nasty crash in Washington this week barring a compromise between Republicans in the House and Senate Democrats aligned with President Barack Obama in the battle to contain America’s soaring debt. Failure to reach a deal for the rest of this budget year, which […]