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The chaotic and often ugly debt-ceiling talks managed to avert a potential economic catastrophe but inflicted new damage to the political reputations of most of the key players. The 11th-hour…
The nation’s bills are being paid and Congress has bolted the hothouse of Washington, one debt limit deadline beaten and another ahead for a dozen yet-to-be-named lawmakers. They might want…
The total number of votes on the historic debt-limit bill was 430. One vote was more memorable than any of the others. Seven months after she was shot in the…
The United States is poised to step back from the brink of economic disaster on Tuesday as a bitterly fought deal to cut the budget deficit is expected to clear…
Conservatives are warning of lasting political consequences as the Republican presidential field offers conflicting positions on the debt-ceiling compromise. Some activists likened the political impact of the high-stakes fight over…
House Republicans rode the tea party tiger to power last fall. Now it’s turning on them, forcing party leaders to endure embarrassing delays and unwanted revisions to crucial debt-ceiling legislation.…
Senate Democrats‘ legislation to reduce the U.S. deficit and increase borrowing authority would cut $2.2 trillion from deficits, about $500 billion less than Democrats claimed, the Congressional Budget Office said…
Illinois Rep. Joe Walsh, the tea party-backed Republican who squeaked into office last year by vowing to bring fiscal responsibility to Washington and who has been one of President Barack…
Neither the House nor the Senate has a clear path forward for must-pass legislation to allow the government to continue to borrow to pay its bills, putting lawmakers and financial…
They may promise to reduce federal spending by $3 trillion or thereabouts, but the immediate spending cuts in rival budget and debt proposals by House Speaker John Boehner and Senate…
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