U.S. Treasury Secretary Timothy Geithner has warned that the time is nigh for raising the debt ceiling, and so now it's time to worry about how this i...

By Jason Lange WASHINGTON, Jan 9 (Reuters) - The U.S. Congress should accept in the next round of deficit-reduction talks that revenue...

The use of hostage-taking imagery to describe the coming debt ceiling crisis is now so ubiquitous that I thought I’d ask a veteran police hostage ne...

John Boehner (R-Ohio) said that giving the president control of the debt ceiling is "silliness." "Congress is never going to give up this power," ...

WASHINGTON -- Republican presidential nominee Mitt Romney will attack the president for the debt ceiling during his "closing argument" in West Allis, ...

Mitt Romney criticized defense spending cuts that were part of last year's debt ceiling deal in an interview that will air Sunday on NBC's 'Meet The P...

By David Lawder WASHINGTON--Republicans in the U.S. House of Representatives pushed back on Wednesday against suggestions that their drive for ...

WASHINGTON -- The Senate voted Thursday to let the president raise the nation's debt limit by about $1.2 trillion, voting down a measure that would ha...

It is far better for everyday Americans if the so-called Super Committee fails entirely to get a deal. The overarching reason is simple.

WASHINGTON -- The so-called Super Congress will attempt to hold the majority of its meetings in public, in full view of the voters and the press, the ...

WASHINGTON -- The bipartisan supercommittee will hold its first meeting next week as it begins a three-month quest to come up with at least $1.2 trill...

WASHINGTON — After months of unrelieved gloom and discord, Congress and President Barack Obama are starting to make a dent in the federal budget...

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:...

WASHINGTON -- Deficit super committee member and Republican Rep. Fred Upton (R-Mich.) said Tuesday he will oppose any Social Security benefit reductio...

Sen. Tom Coburn (R-Okla.) blasted Congress for America's financial troubles and predicted that the debt ceiling agreement would unravel this fall, cal...

WASHINGTON -- President Barack Obama is calling on frustrated voters to tell Congress they're sick of gridlock and partisanship and want to see compro...

We must admit that we no longer believe the democratic process should be informed by genuine debate, where our representatives give other arguments an honest hearing and respond thoughtfully -- and occasionally change their minds.

CASTLE DALE, Utah -- Republican Rep. Jason Chaffetz fiercely opposed a debt-limit bill that took a significant swipe at the nation's deficit and had n...

WASHINGTON -- House Minority Leader Nancy Pelosi (D-Calif.) made the final picks for the new deficit-slashing "super Congress" Thursday, naming three ...

WASHINGTON – As President Barack Obama campaigns for re-election, he has to sell a controversial deal he endorsed to end the impasse over the debt c...