Supercommittee

Reid Stands Firm On Tough Cuts

AP | ANDREW TAYLOR | Posted 05.09.2012

WASHINGTON -- President Barack Obama's top Democratic ally in the Senate said Wednesday that he won't block much-feared automatic spending cuts to the...

Max J. Rosenthal

Veterans Shielded From Massive Budget Cuts

HuffingtonPost.com | Max J. Rosenthal | Posted 04.23.2012

WASHINGTON -- The Office of Management and Budget, a White House agency, ruled on Monday that the Department of Veterans Affairs would be exempt from ...

GOP Eyes Food Stamp Cuts To Avoid Big Military Cutback

Posted 04.18.2012

By ANDREW TAYLOR, THE ASSOCIATED PRESS WASHINGTON -- Republicans controlling the House are eying big cuts to food stamps as they piece together leg...

Senator Toomey's Tax Plan Can't Do Everything That He Says It Does

Bob Greenstein | Posted 04.18.2012

Bob Greenstein

The only way that Senator Toomey's plan could avoid raising taxes on people with incomes below $200,000 would be if he designed it in such a way that it lost significant revenue overall and, thus, added significantly to the deficit.

My 2011 "McLaughlin Awards" [Part 2]

Chris Weigant | Posted 02.24.2012

Chris Weigant

This year we turn to the Democrats to find the winner of Destined For Political Stardom. If Elizabeth Warren manages to wrest Teddy Kennedy's old Senate seat away from the Republican usurper, she will indeed be on the road to Democratic stardom.

Washington Disconnect Perpetuates Wealth Shift Upward

Michele Swenson | Posted 02.08.2012

Michele Swenson

Instead of presenting a grand vision for job creation and economic stimulus, President Obama has consistently capitulated to Republicans' faux deficit narrative.

Obama Poll Watch -- November, 2011

Chris Weigant | Posted 02.04.2012

Chris Weigant

This month Obama poll watchers got some good news, and some bad news. This was capped off by the Washington punditocracy making a stupid comparison between polling for Obama and Carter.

10 States Where The Most Unemployed Could Lose Benefits

24/7 Wall St. | Charles B. Stockdale | Posted 12.03.2011

From 24/7 Wall St.: Nearly 2 million Americans currently receiving unemployment benefits stand to lose coverage this January if Congress does not exte...

After the Deficit Committee, A New Propaganda Push From the War Profiteers

Robert Greenwald and Derrick Crowe | Posted 01.29.2012

Robert Greenwald and Derrick Crowe

We've got to push back with the truth: military spending costs jobs compared to other ways of spending the money.

Fitch Lowers Outlook On U.S. Credit Rating

AP | MARTIN CRUTSINGER | Posted 01.28.2012

WASHINGTON — Fitch said Monday that it will keep its rating for long-term U.S. debt at the top AAA level, despite a congressional panel's failur...

Hot-Spotting: It's How, Not How Much

Dylan Ratigan | Posted 01.28.2012

Dylan Ratigan

Imagine if you could identify a small number of patients who end up eating up most health care dollars. Let's say you could focus resources just on them, while also cutting the overall amount of health care spending dramatically. This isn't fiction, it comes from Camden, New Jersey.

Grayson Attacks 'Meanies' And 'Weenies' In Congress

The Huffington Post | Luke Johnson | Posted 11.28.2011

Former Rep. Alan Grayson (D-Fla.) attacked the super committee and characterized the two-party system as "meanies" and "weenies" in an interview with ...

The Druze, the Debt Reduction and the Future of Our Democracy

Rabbi Samuel April | Posted 01.28.2012

Rabbi Samuel April

To allow our deficit to reach over 15 trillion dollars without action to reduce the debt by a paltry sum is inexcusable and unforgivable.

Washington's Debt Panic and the Real Social Debt in America

Michelle Chen | Posted 01.25.2012

Michelle Chen

In the wake of the Congressional super committee's collapse, we finally have consensus on both sides of the aisle: the lawmakers orchestrating the partisan drama are, behind the scenes, happy to collaborate on destroying economic security for all but the wealthiest Americans.

Big Oil's Happy Thanksgiving

Bill Meadows | Posted 01.23.2012

Bill Meadows

Already, the unchecked carbon pollution from facilities like oil refineries has led to climate change destruction.

Obama the Bargainer in Chief? Don't Hold Your Breath

Rick Horowitz | Posted 01.23.2012

Rick Horowitz

Barack Obama stayed away, and the super committee squabbled and quarreled and came up with nothing. Whereas if he had joined the conversation, the super committee would have... squabbled and quarreled and come up with nothing.

50/50 Split on Defense/Non-Defense Cuts the Result of GOP's No-Tax Position

Bob Greenstein | Posted 01.23.2012

Bob Greenstein

If Congress backs away from the automatic cuts in defense that the Budget Control Act calls for, the GOP will have little incentive to negotiate a balanced deficit-reduction deal. Their top priorities, tax cuts and defense programs, will both be protected

Obama Holds Firm on Defense Cuts After the Super Committee's Demise

Joel Rubin | Posted 01.23.2012

Joel Rubin

While the super committee failed to ensure that all Americans pay their fair share to fix our nation's economy, already the voices that helped get us into this mess are threatening to put us in an even worse place.

What The Supercommittee Couldn't Do, The American Public Has Already Done

Carolyn Lukensmeyer | Posted 01.22.2012

Carolyn Lukensmeyer

How is it that the 12 members of the Supercommittee can, after three months of work, simply throw up their hands and leave us deeply in debt, when a y...

Sound and Fury: The Utterly Unsurprising "Super-Committee" Flop

William Bradley | Posted 01.22.2012

William Bradley

Was there anything in politics more predictable than the failure of the so-called Congressional "super-committee" on the budget?

'Green News Report' - November 22, 2011

Brad Friedman and Desi Doyen | Posted 01.22.2012

Brad Friedman and Desi Doyen

TWITTER: @GreenNewsReport. The 'GNR' is also now available on your cell phone via Stitcher Radio's mobile app!. IN TODAY'S RADIO REPORT: Meet the ...

On the "Death" of the Super Committee

Dan Glickman | Posted 01.22.2012

Dan Glickman

Maybe the only real solution to all of this is for the public to take the 2012 elections very, very seriously, and send a more definable mandate to the politicians on the decisions they are entrusted to make.

Orszag Is Right: Locking in Bush Tax Cuts Not Worth a $1.2 Trillion Super Committee Deal

Bob Greenstein | Posted 01.22.2012

Bob Greenstein

A super committee agreement that locked in unaffordably low tax rates and made it more difficult to raise additional revenues in the future would set back the cause of deficit reduction.

Super Committee Failure Sets Up Partisan Wrangling In Congress

AP | By ANDREW TAYLOR | Posted 11.22.2011

WASHINGTON -- The failure of a special deficit-reduction supercommittee sets up a year-end battle between President Barack Obama and a dysfunctional C...

A Fateful Weekend for U.S. Fiscal Stability

Bill George | Posted 01.22.2012

Bill George

The fate of the fiscal stability of the United States was sealed on the weekend of December 4-5, 2010.