WASHINGTON — President Barack Obama is conceding "we're probably not going to be able to get a deal" on budget, tax and spending issues with Congres...

A three-month downturn is a caution, not a catastrophe. But Washington seems too wrapped in its deficit delusions to pay attention to the flashing yellow lights. Here's a cautionary guide.

Countries that pay for what they spend by printing money or, these days, creating it electronically, are usually broke. That certainly fits our bill. And we're printing lots and lots of money. Over the past five years, the Treasury has, in effect, done its $1 trillion coin trick twice.

WASHINGTON -- President Obama would not block the three- or four-month extension of the debt ceiling proposed by House Republicans last week if the bi...

WASHINGTON -- It may come as a surprise to President Barack Obama's critics, but the one domestic issue that defined his first term in office was redu...

WASHINGTON -- The just-completed deal to resolve the so-called fiscal cliff has created an even greater cliff down the road. By the end of February, l...

NEW YORK CITY -- One of the only new proposals that President Obama introduced in his opening bid to resolve the impasse over the so-called fiscal cli...

WASHINGTON -- Once again, Speaker John Boehner (R-Ohio) and President Barack Obama find themselves in a standoff over how to raise the nation's debt c...

WASHINGTON -- President Barack Obama will enter high-stakes budget negotiations firmly committed to seeing the tax rates for high-income earners rise ...

WASHINGTON -- House Speaker John Boehner (R-Ohio) said he is "not confident at all" that Congress can deal with the nation's debt problems and avoid a...

WASHINGTON -- House Minority Leader Nancy Pelosi (D-Calif.) said Wednesday that President Barack Obama should use the 14th Amendment to declare the de...

WASHINGTON -- Government spending and debt are emerging as a campaign tug-of-war, with Mitt Romney blaming President Barack Obama for a "prairie fire ...

WASHINGTON -- Senior administration officials said Tuesday that House Speaker John Boehner (R-Ohio) isn't going to win if he keeps up a fight about ty...

WASHINGTON -- House Minority Leader Nancy Pelosi (D-Calif.) on Thursday slammed House Speaker John Boehner (R-Ohio) for sparking another potential sho...

WASHINGTON -- Chairman of the Senate Budget Committee Kent Conrad (D-N.D.) said on Sunday that he urged President Obama not to publicly support a much...

WASHINGTON -- Top officials in President Barack Obama's administration pushed back Tuesday on a report that they would still support a debt-reduction ...

WASHINGTON -- A new wave of pessimism colored super committee talks on Tuesday as Senate Majority Leader Harry Reid (D-Nev.) blasted anti-tax crusader...

Sometimes data does lie. The chart below has been incredibly viral in recent days, making its way across the internet in one form or another, reach...

WASHINGTON -- President Barack Obama is back in the good graces of progressives. For now. Hours after Obama delivered a fiery speech demanding that...

WASHINGTON -- President Obama isn't leaving a single couch cushion unturned in his effort to lower the deficit. A new proposal by the White House woul...

WASHINGTON -- The debt ceiling bill set to be voted upon Monday evening has left labor advocates in yet another precarious -- and deeply frustrated --...

WASHINGTON -- By the traditional standards of Washington, the debt ceiling deal is a serviceable one. It ended a series of long nights and anguished s...

WASHINGTON -- House Minority Leader Nancy Pelosi (D-Calif.) may not be pushing the issue publicly, but in private she "clearly" supports President Bar...

WASHINGTON -- With just three days left until the country is set to begin defaulting on its debt, the House rejected a debt proposal by Senate Majorit...