It came after House Republicans repudiated House Speaker John Boehner's latest plan.
The House of Representatives narrowly approved a one-year extension of federal borrowing authority on Tuesday after Republicans caved into President Barack Obama’s demands to allow a debt limit increase without any conditions. The 221-201 vote, carried mainly by Democrats, marked a dramatic shift from the confrontational fiscal tactics House Republicans have used over the past […]
From Boehner down, there was little evidence they intended to move Obama's way.
At the dawn of an election year, congressional Republicans responded quickly and forcefully to President Barack Obama’s nationally televised vow to act on his own if lawmakers won’t cooperate on “creating new jobs, not creating new crises” in a nation with a yawning income gap. “The president must understand his power is limited by our […]
President Barack Obama pressured Republican lawmakers on Saturday to agree to raise the U.S. debt ceiling for longer than they would prefer, as their fiscal impasse dragged into the weekend with five days left to find a deal. The budget battle between Obama and Republicans who control the House of Representatives has idled hundreds of […]
Having failed to persuade their traditional Republican allies in Congress to avert a government shutdown, business leaders fear bigger problems ahead, and they’re taking sides with a Democratic president whose health care and regulatory agenda they have vigorously opposed. President Barack Obama is embracing the business outreach, eager to employ groups like the U.S. Chamber […]
Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants that were rescued by a $187 billion taxpayer bailout during the financial crisis. Borrowers would probably end up paying slightly higher mortgage rates under House and Senate bills that would phase […]
Republicans in the U.S. House of Representatives are resigned to seeing some sort of income tax increase in legislation to avoid a “fiscal cliff,” but such efforts could be doomed in the absence of spending cuts, some Republican lawmakers say. Congress and President Barack Obama are gearing up for a last-ditch attempt to avoid $600 […]
Billed as a Pledge to America, the House Republican campaign manifesto is as much political straddle as conservative call to action, long on poll-tested goals, short on controversial specifics and designed to reassure independent voters who abandoned the party in the last two elections. “It’s not intended to be a party platform. It’s not intended […]