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Republicans block tax cuts for middle class

Republicans block tax cuts for middle class

President Barack Obama’s Republican foes in the Senate have blocked a move to let Bush-era tax cuts for the wealthiest Americans expire, rejecting in the process Democrats‘ efforts to extend…

Tax showdown clears way for yearend deal

Tax showdown clears way for yearend deal

Senate Republicans derailed legislation Saturday to extend expiring tax cuts at all but the highest income levels in a political showdown that paradoxically clears a path for a compromise with…

To spend or not to spend…that is Obama’s question

To spend or not to spend…that is Obama’s question

In less than three hours, the extraordinary forces tugging at Barack Obama‘s presidency — and the Republicans who will soon take more control of Congress — came into sharp relief:…

Suddenly, a rally behind tax cuts

Suddenly, a rally behind tax cuts

Defying expectations, a bipartisan majority of President Barack Obama‘s deficit commission has rallied behind the panel’s controversial deficit-slashing proposals. A key Obama ally, liberal Democratic Sen. Dick Durbin of Illinois,…

Obama, Republicans to meet but don’t expect much

Obama, Republicans to meet but don’t expect much

A House Republican leader heading into a postelection meeting with President Barack Obama Tuesday said the GOP remains steadfastly opposed to any tax increases. House GOP Whip Eric Cantor said…

Obama plays Annie: ‘The sun will come out tomorrow’

Obama plays Annie: ‘The sun will come out tomorrow’

Saying America has a history of doing what it takes to make a better tomorrow, President Barack Obama is calling on a country climbing out of its worst economic slump…

Reid ready to deal on Bush-era tax breaks

Reid ready to deal on Bush-era tax breaks

The top Democrat in the Senate said on Tuesday he was willing to consider a temporary tax cut extension for all income levels, a step that could pave the way…

Democrats cut deal to avoid leadership battle

Democrats cut deal to avoid leadership battle

House Democrats averted a messy leadership struggle, clearing the way for Maryland Rep. Steny Hoyer to become second in command of their new minority without a challenge from South Carolina…

Deficit commission challenges conventional wisdom on budget

Deficit commission challenges conventional wisdom on budget

The leaders of the deficit commission are baldly calling out the budget myths of both political parties, challenging lawmakers to engage in the “adult conversation” they say they want. Their…

GOP plans full-scale attack on Obama’s agenda

GOP plans full-scale attack on Obama’s agenda

Victorious at the polls, congressional Republicans asserted their newfound political strength on Thursday, vowing to seek a quick $100 billion in federal spending cuts and force repeated votes on the…