Senate Rejects Bipartisan Balanced Budget Amendments
WASHINGTON -- The Senate on Wednesday rejected two efforts to insert a Balanced Budget Amendment into the U.S. Constitution. Both parties offered v...
WASHINGTON -- The Senate on Wednesday rejected two efforts to insert a Balanced Budget Amendment into the U.S. Constitution. Both parties offered v...
AP | JIM ABRAMS | Posted 02.13.2012
WASHINGTON — The Senate on Wednesday voted against changing the Constitution to require a balanced budget as Congress hit yet another dead end i...
HuffingtonPost.com | Michael McAuliff | Posted 11.18.2011
WASHINGTON -- The latest Republican push for a balanced budget amendment that would force massive spending cuts to the country's social safety net die...
AP | JIM ABRAMS | Posted 01.18.2012
WASHINGTON — Rejecting the idea Congress can't control its spending impulses, the House turned back a Republican proposal Friday to amend the Co...
Bob Greenstein | Posted 01.17.2012
A balanced budget amendment wouldn't align federal budgeting practices with those of families, but it would threaten serious economic harm and create a host of problems for federal services programs.
Micah Hauptman | Posted 12.12.2011
Spending and debt remain intrinsic features of a capitalist economy. The key question is, which sector is best positioned to service the debt: families and businesses, or the government?
AP | By ANDREW TAYLOR | Posted 10.22.2011
WASHINGTON -- As a "supercommittee" tries to find $1.5 trillion in new deficit cuts this fall, Republicans will be pressing a far more ambitious goal:...
Firedoglake | David Dayen | Posted 10.16.2011
Two years ago, a concerted effort by a corporate-funded Tea Party movement to get conservatives out to town hall meetings changed the dynamic in Washi...
David Paul | Posted 10.15.2011
One week after the downgrade of the United States bond rating, the markets have returned a verdict of sorts.
Posted 10.10.2011
Sen. Olympia Snowe (R-Maine) talked to people in Saco, Maine about the debt ceiling negotiations Wednesday, and lamented the extreme partisanship that...
The New York Times | Simon Johnson | Posted 10.02.2011
Some House and Senate Republicans have pushed hard to include a “balanced budget” constitutional amendment as part of any agreement on a debt ceil...
AP | DAVID ESPO | Posted 10.01.2011
WASHINGTON — The newly struck debt-ceiling compromise between President Barack Obama and the Republican leaders of Congress represents a histori...
Ken Blackwell | Posted 09.30.2011
America's problem is our debt, not our debt ceiling. We desperately need a balanced budget amendment to tackle our debt. But a BBA that allows judges to hike taxes would be even worse than the status quo.
AP | LAURIE KELLMAN | Posted 09.29.2011
WASHINGTON — He calls himself Sen. Tea Party. That almost says it all about Sen. Jim DeMint's role on the nation's political scene in these ner...
HuffingtonPost.com | Elise Foley | Posted 09.28.2011
WASHINGTON -- The House of Representatives passed a bill on Friday to raise the debt ceiling and cut $22 billion from next year's spending. Passed as ...
HuffingtonPost.com | Elise Foley | Posted 09.28.2011
WASHINGTON -- House Republicans will hold a vote Friday on a revised plan to raise the debt ceiling and cut spending by $22 billion next year, Majorit...
Posted 01.11.2012
Nevada Republican Sharron Angle, who made an unsuccessful run to unseat Senate Majority Leader Harry Reid in the 2010 election season, lashed out at S...
Posted 09.26.2011
Speaking on the Senate floor on Wednesday, Sen. John McCain (R-Ariz.) had some harsh words for lawmakers on Capitol Hill insisting their demands be me...
AP | DAVID ESPO | Posted 09.21.2011
WASHINGTON — House Speaker John Boehner abruptly broke off talks with President Barack Obama Friday night on a deal to make major cuts in federa...
HuffingtonPost.com | Elise Foley | Posted 09.20.2011
WASHINGTON -- Senate Majority Leader Harry Reid (D-Nev.) said on Thursday the Cut, Cap and Balance bill passed by the House Tuesday is "some of the w...
Lyle Denniston | Posted 09.20.2011
It's a safe bet that when the new fiscal year for the federal government begins on October 1, the Constitution will not require a balanced budget. And, probably, neither will it be required of any budget after that.
AP | THOMAS BEAUMONT | Posted 09.20.2011
NORWALK, Iowa — Republican presidential candidate Michele Bachmann promised Wednesday that she would submit only balanced budgets if elected nex...
Bill Schneider | Posted 09.18.2011
The balanced budget vote in Congress again this week is a contest between popular common sense and the informed opinion of the establishment. If you're a politician, you don't want to argue with common sense.
Posted 09.17.2011
As debate over raising the nation's deficit limit rages on in Washington, President Barack Obama issued a threat to veto a contentious Tea Party-backe...
Posted 09.16.2011
By Andy Sullivan WASHINGTON -- The latest Republican plan to avert a looming U.S. default is a fierce statement of conservative principles that...
HuffingtonPost.com | Jennifer Bendery | Posted 12.14.2011