United States Senate Committee on the Budget

Democrats say ‘no games’ on debt limit increase

Democrats say ‘no games’ on debt limit increase

With House Budget Committee Chairman Paul Ryan saying Republicans will, once again, put changes in Obamacare in the way of extending the nation’s debt limit, the Democrats Friday had a quick answer:  No way. Senate Budget Committee chairwoman Patty Murray said: We will not negotiate over whether or not the United States of America should […]

The $1.1 trillion budget deal: Too many trade-offs?

The $1.1 trillion budget deal: Too many trade-offs?

The sales job is on for a bipartisan $1.1 trillion spending bill that would pay for the operations of government through October and finally put to rest the bitter budget battles of last year. The massive measure contains a dozens of trade-offs between Democrats and Republicans as it fleshes out the details of the budget […]

Congrss “inching” towards deal on federal budget

Congrss “inching” towards deal on federal budget

Congressional budget negotiators are zeroing in on a modest deal to keep the federal government operating while easing the grip of the mandatory automatic spending cuts known as sequestration. With the clock ticking toward a Dec. 13 deadline to report to Congress, the bipartisan conference committee led by Rep. Paul Ryan, R-Wis., and Sen. Patty […]

Republicans oppose renewing jobless benefits

Republicans oppose renewing jobless benefits

Republicans controlling the House oppose a drive by Democrats to renew jobless benefits averaging less than $300 a week nationwide for the long-term unemployed, a senior GOP lawmaker said Tuesday. “I don’t see much appetite on our side for continuing this extension of benefits,” said Rep. Tom Cole, R-Okla. “I just don’t.” Benefits for 1.3 […]

In wee hours of morning, exhausted Senate nears budget passage

In wee hours of morning, exhausted Senate nears budget passage

An exhausted Senate neared approval early Saturday of a $3.7 trillion budget for next year that will let majority Democrats highlight their fiscal priorities, but won’t resolve the deep differences the two parties have over deficits and the size of government. Senators sorted through a final batch of amendments and were on course to approve […]

House set to pass typical bill with huge budget cuts

House set to pass typical bill with huge budget cuts

A familiar budget plan to sharply cut safety-net programs for the poor and clamp down on domestic agencies performing the nuts-and-bolts programs of the government is cruising to passage in the tea party-flavored House. The Republican measure is advancing to the finish line in the House as the Senate starts a lengthy slog toward passage […]

Bernanke says economy may be hitting stride

Bernanke says economy may be hitting stride

The U.S. economy may finally be hitting its stride even if growth remains too weak to put a real dent in the nation’s jobless rate, Federal Reserve Chairman Ben Bernanke said on Friday. Offering no real clues on the future direction of monetary policy, Bernanke sounded cautiously more upbeat than he had in his most […]

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: a sky-high jobless rate, an out-of-control deficit and pressure to keep taxes down. Together, they illustrate the difficulty of balancing immediate, costly fixes for the […]

Obama’s jobs program stalls in Congress

Obama’s jobs program stalls in Congress

The election-year jobs agenda promised by President Barack Obama and Democrats has stalled seven months before voters determine control of Congress. Democrats have no money to pay for the program. That’s because both Republicans and the Democratic chairman of the Senate Budget Committee objected to taking money left over from the fund that bailed out […]