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Congress sends Obama ‘must do’ bill to raise debt ceiling

Congress sends Obama ‘must do’ bill to raise debt ceiling

Congress passed must-do legislation Thursday to permit the government to borrow hundreds of billions of dollars more to meet its obligations, averting a first-ever government default that had loomed as…

House members close to deal on immigration reform

House members close to deal on immigration reform

A group of a half-dozen House members, equally divided between Democrats and Republicans, is nearing completion of wide-ranging immigration legislation similar to proposals by Senate negotiators and President Barack Obama,…

Republicans willing to use spending cuts as leverage

Republicans willing to use spending cuts as leverage

Driven by frustration over deficits and debt, Republican conservatives are pushing a politically risky move to permit painfully large automatic spending cuts to strike the Pentagon and domestic programs alike…

GOP goal: Stalemate with Dems, no collaboration

GOP goal: Stalemate with Dems, no collaboration

Is Washington’s backroom dealing dead? House Speaker John Boehner says he no longer wants to negotiate deficit reduction with President Barack Obama. The president says he won’t negotiate raising the…

Obama set to sign Superstorm Sandy aid bill

Obama set to sign Superstorm Sandy aid bill

President Barack Obama said he’ll sign a $50.5 billion emergency relief measure for Superstorm Sandy victims as soon as it lands on his desk. Three months after Sandy ravaged coastal…

No budget, no pay: An incredible idea whose time has come?

No budget, no pay: An incredible idea whose time has come?

In an earlier era, a move like the one engineered by House GOP leaders to pass a “no budget, no pay” measure probably would have been stopped in its tracks.…

Debt limit vote vote set for House; Obama expected to sign

Debt limit vote vote set for House; Obama expected to sign

A measure to extend the U.S. debt limit for nearly four months moved closer on Tuesday to a vote and the White House said the president would sign the bill…

Obama promises tough, liberal stance on fiscal issues

Obama promises tough, liberal stance on fiscal issues

President Barack Obama devoted one word — “deficit” — to the issue that brought Washington to the brink of fiscal crises time and again during his first term. But it…

House GOP wants vote to extend debt limit until May 19

House GOP wants vote to extend debt limit until May 19

Republican leaders in the House of Representatives have scheduled a vote on Wednesday on a nearly four-month extension of U.S. borrowing capacity, but the bill does not specify a dollar…

Senate Democrats promise something rare: An actual federal budget

Senate Democrats promise something rare: An actual federal budget

Democrats are looking to make new revenue part of the Senate’s first budget in almost four years, which will be released soon after the start of President Barack Obama’s second…