February 25, 2013 The political stakes are high for both Congress and the president, while some GOP governors are turning up the heat on House Speaker John Boehner.
February 5, 2013 The Congressional Budget Office expects 1.4 percent growth this year, down from 2.3 percent in 2012. The nation's unemployment rate will likely stay near 8 percent this year.
The House of Representatives (Jan. 3 file photo).
Kevin Lamarque /Reuters /Landov
January 23, 2013 The "No Budget, No Pay" act would withhold lawmakers' pay if they don't pass a new budget by April 15. In exchange, Republicans say, the borrowing limit would be extended into May. That would avoid another battle over raising that borrowing ceiling.
January 22, 2013 Republicans, who control the House, plan to vote Wednesday on a debt limit extension that's tied to a call on the Senate to pass a budget that includes cuts in spending.
House Speaker John Boehner, seen last week, discusses the looming fiscal cliff.
Brendan Hoffman/Getty Images
November 13, 2012 Virtually everyone agrees that allowing the nation to fall off the so-called fiscal cliff would be a bad thing. Government programs would be cut, taxes would rise, and experts say the economy would fall back into recession. And after all that, the nation still would be dealing with a budget deficit.
<iframe src="http://www.npr.org/player/embed/164960245/165012399" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
August 22, 2012 The nonpartisan analysis arm of Congress has released its latest forecasts on the budget and the economy.
Rep. Paul Ryan, R-Wis., at NPR headquarters in May 2011.
March 20, 2012 Critics are already taking shots at the latest plan from House Republicans.
<iframe src="http://www.npr.org/player/embed/148983047/148978011" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Outside the Capitol, there's goodwill. Inside, less so.
Pablo Martinez Monsivais/AP
December 14, 2011 Once again, Democrats and Republicans are at odds over taxes and other issues — and extensions of programs including benefits for the long-term unemployed are being delayed. They're "stumbling from impasse to impasse," the Los Angeles Times writes.
November 21, 2011 Brace for a negative response from financial markets and prepare for more political battles in the coming year if the so-called supercommittee concedes later today that it couldn't agree on how to cut future budget deficits.
<iframe src="http://www.npr.org/player/embed/142585300/142585879" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
November 18, 2011 Republicans said it's time for the federal government to follow the lead of 49 states. Democrats said the amendment would tie future lawmakers' hands. To move forward, the amendment needed a two-thirds majority — 290 votes. The vote was 261-165.
<iframe src="http://www.npr.org/player/embed/142509386/142509408" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Left to right: Sen. Charles Schumer (D-N.Y.) and Senate Majority Leader Harry Reid (D-Nev.) at a news conference on Capitol Hill today.
October 5, 2011 "In the eyes of many, it is hard to ask more of household that make $250,000 or $300,000 a year," says Sen. Chuck Schumer (D-N.Y.) "They are not rich" in many parts of the country. So some Democrats are pushing for a tax on millionaires instead.
September 27, 2011 Republicans say the impasse underscored why it's important to scrutinize government spending. Democrats say they stood up for important programs.
<iframe src="http://www.npr.org/player/embed/140835151/140835967" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Far apart: House Speaker John Boehner (R-OH) and President Obama in July.
Jewel Samad /AFP/Getty Images
September 19, 2011 While the president makes the case that reform means millionaires shouldn't pay at lower rates than those in the middle class, the House speaker says "tax increases destroy jobs."
August 12, 2011 The congressional supercommittee faces the task of cutting at least $1.2 trillion from the federal deficit over the next 10 years. Those seeking to influence the panel's recommendations also see a chance for gains.
August 10, 2011 The U.S. budget deficit currently stands at $1.1 trillion through July, says the Treasury Department. That makes 2011 the third consecutive year that the deficit has hit at least $1 trillion.
NPR thanks our sponsors
Become an NPR sponsor