Medicare

Some signs of cooperation between sides on budget debacle

Some signs of cooperation between sides on budget debacle

The Obama administration and congressional Republicans are quietly working in tandem to blunt the impact of short-term spending cuts that kicked in with dire White House warnings a few days ago, with both sides eager to pocket the full savings for deficit reduction as they pivot to a new clash over Medicare. The overall size […]

Obama faces widespread GOP skepticism on budget dealings

Obama faces widespread GOP skepticism on budget dealings

President Barack Obama must work with a deeply skeptical partner as he tries to undo painful spending cuts and set U.S. finances on a more sustainable course: the liberal wing of his own party. While Republicans have dug in their heels against further tax increases, many of Obama’s fellow Democrats have refused to consider cuts […]

House abandons political rhetoric, approves Senate bill averting ‘fiscal cliff’

House abandons political rhetoric, approves Senate bill averting ‘fiscal cliff’

Past its own New Year’s deadline, a weary Congress sent President Barack Obama legislation to avoid a national “fiscal cliff” of middle class tax increases and spending cuts late Tuesday night in the culmination of a struggle that strained America’s divided government to the limit. The bill’s passage on a 257-167 vote in the House […]

Details of the tentative fiscal cliff deal

Highlights of a tentative agreement Monday between the White House and Senate Minority Leader Mitch McConnell, R-Ky., aimed at averting wide tax increases and budget cuts scheduled to take effect in the new year. The measure would raise taxes by about $600 billion over 10 years compared with tax policies that expire at midnight Monday. […]

Mitt Romney’s big night: Can he deliver?

Mitt Romney’s big night:  Can he deliver?

Mitt Romney is stepping up for the most important speech of his Republican presidential campaign, to an audience of millions, after a rousing warm-up from a running mate who vowed the days of dodging painful budget choices will end if voters toss President Barack Obama from office. Having grasped the nomination on his second try, […]

Paul Ryan plays fast and loose with facts

Paul Ryan plays fast and loose with facts

Laying out the first plans for his party’s presidential ticket, GOP vice presidential nominee Paul Ryan took some factual shortcuts Wednesday night when he attacked President Barack Obama’s policies on Medicare, the economic stimulus and the budget deficit. Sen. Rob Portman, a former U.S. trade representative, glossed over his own problems when critiquing Obama’s trade […]

Romney’s Medicare promises could backfire

Romney’s Medicare promises could backfire

GOP presidential candidate Mitt Romney‘s new promise to restore the Medicare cuts made by President Barack Obama’s health care overhaul law could backfire if he’s elected. The reason: Obama’s cuts also extended the life of Medicare’s giant trust fund, and by repealing them Romney would move the insolvency date of the program closer, toward the […]