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Spending Cuts

Gang Of Six Debt Ceiling Plan Targets Taxes

AP | By STEPHEN OHLEMACHER | Posted 09.20.2011 | Politics

WASHINGTON -- A new bipartisan plan to reduce government borrowing would target some of the most cherished tax breaks enjoyed by millions of families ...

Republicans’ Budget Balance Plan Lacks Details

Bloomberg | Posted 09.17.2011 | Politics

Congressional Republicans are clear in their demand for a constitutional amendment forcing the government to balance its budget. What they’re not of...

Simpson-Bowles Revisited

Jerry Jasinowski | Posted 09.14.2011 | Business
Jerry Jasinowski

President Obama's big mistake was not embracing the recommendations of the Simpson-Bowles report last December.

Debt Deal: What Would You Do?

Mandy Jenkins | Posted 09.14.2011 | Politics

For the past several weeks, Congress and the White House have been debating what to do about the nation's debt limit before a projected default on Aug...

Paul Ryan: Obama 'Unwilling' To Do What's Necessary To Reach A Deal On Debt Ceiling

AP | Posted 09.14.2011 | Politics

WASHINGTON -- The Republican chairman of the House Budget Committee is accusing President Barack Obama of being unwilling to embrace the level of spen...

Think You Can Balance The Budget? This Computer Game Lets You Try

AP | By JIM ABRAMS | Posted 09.13.2011 | Technology

WASHINGTON -- Think you might do better than President Barack Obama and congressional leaders in picking and choosing what government spending to cut ...

Debt Ceiling 101: The 5 Things You Should Know

Bennet Kelley | Posted 09.10.2011 | Business
Bennet Kelley

While Los Angeles braces for the upcoming Carmageddon, the sense of horror felt over not being able to use 10 miles of freeway for a weekend is amplif...

John Boehner Backs Obama's Call For Far-Reaching Debt Ceiling Plan

AP | JIM KUHNHENN | Posted 09.07.2011 | Politics

WASHINGTON — President Barack Obama used a bleak jobs report Friday to prod Congress toward a swift agreement on deficits and the national debt....

Americans Want Federal Debt Reduction, Even If It Slows The Economy: Poll

The Huffington Post | Alexander Eichler | Posted 09.06.2011 | Business

Should the federal government concentrate on paying off its debt, even if it comes at the expense of a more robust economic recovery? Or should it foc...

Mediums and Their Political Messages

Paul Stoller | Posted 09.05.2011 | Politics
Paul Stoller

If Republican leaders begin to act more like public servants and less like non-thinking fundamentalist soldiers, we might begin to repair our political system. If not, their absolutism will plunge us into unspeakable economic darkness.

Tyler Kingkade

Bill Clinton's Warning On The Debt Ceiling Debate | Tyler Kingkade | Posted 09.05.2011 | Politics

WASHINGTON -- Former President Bill Clinton said Wednesday that any deficit-cutting deal worked out between Democrats and Republicans shouldn't take e...

Casey Anthony Jury to Solve Debt Ceiling Crisis in 11 Hours

Spencer Green | Posted 09.05.2011 | Comedy
Spencer Green

Jurors of the Casey Anthony trial have been flown to Washington, D.C. in the hope of harnessing their talents to solve the looming debt ceiling crisis.

Brooks Is Right: Democrats Have Caved to the GOP in Debt Ceiling Negotiations

Mitchell Bard | Posted 09.05.2011 | Politics
Mitchell Bard

Why have the Democrats caved into the Republican assumption that cuts have to be made to raise the debt ceiling? The decision is especially vexing when you consider that the Democrats have not even tried to point out the falsehoods at the heart of Republican claims.

Republicans Run From the Truth: Again

Jim Worth | Posted 08.30.2011 | Politics
Jim Worth

Do the Republicans want to destroy the economy, believing they can blame Obama and the Democrats? Are Republicans willing to suck the life out of the economy to gain political power?

Greek Parliament Passes Key Austerity Bill, Paving Way For Bailout

Posted 08.29.2011 | Business

ATHENS, Greece (AP) -- Greece's lawmakers have approved a key austerity bill, paving the way for the country to get its next vital bailout loans that ...

Conservative GOP Senator Issues Warning To Republicans

Posted 08.24.2011 | Politics

Senator Jim DeMint (R-S.C.) issued a warning to fellow Republicans in Congress: If you vote to raise the debt ceiling without massive spending cuts, y...

Simon Johnson: Fiscal Contraction Hurts Economic Expansion

The New York Times | SIMON JOHNSON | Posted 08.23.2011 | Business

The United States has a large budget deficit and a ratio of debt to gross domestic product that, in most projections, continues to rise over time. Som...

Elise Foley

GOP Freshmen Pledge To 'Trust, But Verify' On Debt Deal After Shutdown Disappointment | Elise Foley | Posted 08.06.2011 | Politics

WASHINGTON -- Freshman House Republicans are skeptical of striking another compromise with the Democratic-controlled White House to raise the debt cei...

Elise Foley

Economist: 'Moody's Is Right To Be Worried' | Elise Foley | Posted 08.05.2011 | Politics

WASHINGTON -- Democratic economist Alice Rivlin said Sunday the debt ceiling increase should be paired with a long-term plan for dealing with the defi...

Elise Foley

WATCH: Barney Frank Claims U.S. Shouldn't Be '9-1-1 For The World' In Libya | Elise Foley | Posted 08.03.2011 | Politics

WASHINGTON -- Rep. Barney Frank (D-Mass.) bashed the White House on Friday for intervening in Libya to oust dictator Muammar Gaddafi, saying the Unite...

Adi Cohen

Boehner's Republican Robo-Signer Economists | Adi Cohen | Posted 06.05.2011 | Politics

WASHINGTON -- Whenever House Republicans are about to vote on bills that could affect the economy, Speaker John Boehner (R-Ohio) trots out a list of e...

The Debt Threat as Economic Terrorism

Stuart Diamond | Posted 07.24.2011 | Politics
Stuart Diamond

Why would someone threaten to make things a lot worse economically? It's like threatening the family that you will burn down the house unless you get what you want. It's extreme, divisive, destructive.

Elise Foley

GOP Senator: Preliminary Agreements Reached In Debt Talks | Elise Foley | Posted 07.17.2011 | Politics

WASHINGTON -- Senator Jon Kyl (R-Ariz.), who represents the Senate GOP in White House debt talks, said on Tuesday that a bipartisan group of lawmakers...

Elise Foley

Paul Ryan Defends Medicare Plan | Elise Foley | Posted 07.16.2011 | Politics

WASHINGTON -- Rep. Paul Ryan (R-Wis.) pushed back on Monday against criticisms about his budget, saying Democrats were attacking his plans for Medicar...

Elise Foley

Newt Gingrich: Ryan Medicare Plan Is 'Too Big A Jump' | Elise Foley | Posted 10.18.2011 | Politics

WASHINGTON -- Republican presidential candidate Newt Gingrich distanced himself on Sunday from a House GOP plan to make cuts to Medicare, calling it ...