With the so-called super committee kaput, more market instability looming and the distinct possibility of another recession, the absolute inability of Washington to solve the nation's fiscal problems is inescapable.

WASHINGTON — A top Senate Democrat says that a deficit "supercommittee" is unlikely to succeed because of a deadlock over taxes. New York Democ...

Many questions loom over the Super Committee's work, but perhaps the biggest is whether the stripped-down process that Congress established for it can overcome Washington gridlock, or whether special interests will prevail.

WASHINGTON -- Testifying before the House Armed Services Committee on Thursday, Defense Secretary Leon Panetta sharply criticized Congress for its han...

WASHINGTON -- The No. 2 Republican in the Senate says he would quit the special deficit-reduction supercommittee if there is an effort to cut more fro...

WASHINGTON (AP) — Congress returns to work this coming week, divided over measures to create jobs and scorned by the nation it was elected to help l...

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 -- As a "supercommittee" tries to find $1.5 trillion in new deficit cuts this fall, Republicans will be pressing a far more ambitious goal:...

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

I wouldn't make too much out of the personalities on the super committee. The Democrats probably would give something on Medicare or Social Security, but not if the Republicans won't budge on revenues. So the smart money is on deadlock.

WASHINGTON — Medicare and Medicaid were spared from immediate cuts in the debt deal, but it looks like just a temporary reprieve. Advocates for...

In the new congressional joint committee, any plan will only require 7 votes out of 12 in order to move to Congress at large. Which means if one Democrat votes for a Republican plan, then that will be the committee's official plan.