WASHINGTON, Aug 7 (Reuters) - The U.S. federal government will report a budget deficit of about $975 billion for the first 10 months of the fiscal y...

By slashing the IRS budget, Congress has achieved something truly noteworthy -- undermining its own ability to raise revenue and cut the federal deficit. Isn't that a bit like cutting off your nose to spite your face?

WASHINGTON — Even the top sponsor of a bill that would cut off lawmakers' pay if they can't – or won't – pass a budget blueprint adm...

WASHINGTON -- Congress appropriated a whopping $54.6 billion for classified intelligence operations in 2011, an increase over the previous two years. ...

WASHINGTON -- A House bill set for markup on Wednesday would give protection against civil lawsuits to those who report suspicious activity, designate...

After peaking in the spring and summer, Tea Party influence will decline in the fall. And sure as the leaves will turn brown, it is about to get very frustrating to be a Tea Party Republican.

WASHINGTON -- House Republicans outlined a fiscal 2012 spending bill on Wednesday that would sharply cut the Department of the Interior's conservation...

The Republican Party once had a home for the thinking of Tom Coburn, Mike Crapo and Saxby Chambliss. But that party is long gone. The three U.S. se...

WASHINGTON — Five Democratic senators are calling on Vice President Joe Biden to keep the House Republican plan for Medicare out of out of budge...

Six months after Republicans swept the midterm election by promising bold solutions to fiscal woes, they continue to struggle to find a unified voice ...

This story has been updated to include additional reporting. WASHINGTON -- After getting mocked by GOP operatives for launching an "offensive" on 2...

An overwhelming amount has now been written in the pages of HuffPost about Paul Ryan's (R-Wis.) proposed budget plan, so any additional words here ca...

Paul Ryan's core beliefs aren't everyone's core beliefs. Many Americans don't believe that the only measure of effective government is "How much spending can you cut?" or "How many programs can you cripple?"

WASHINGTON (AP) -- President Barack Obama and Congress are shifting from short-term budget concerns to debates over the nation's long-term economic fu...

WASHINGTON -- House Republicans will demand major concessions before agreeing to raise the nation's debt ceiling, Majority Leader Eric Cantor (Va.) sa...