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.
November 22, 2011 The failure to agree on a way to trim budget deficits will give both major parties plenty of ammunition for next year's campaigns.
November 21, 2011 The likely collapse of the so-called supercommittee's efforts to put together a deficit-reduction deal and continued concern about the debt crisis in Europe are pushing stocks down on Wall Street.
July 26, 2011 It would have been interesting to see who the 25 percent of lawmakers were who didn't vote for any of the policies the Post focused on. Even Rep. Ron Paul, the Texas Republican presidential candidate didn't make the cut; he voted for the Bush tax cuts.
July 18, 2011 Deficit-reduction negotiations continue. A deadline looms. But beyond that, not much is certain about what will happen.
July 11, 2011 Saying he is prepared "to take significant heat" from members of his own party in order to achieve meaningful debt and deficit reduction, President Obama this morning again pushed for a big, long-term budget deal with Republicans.
July 7, 2011 By the weekend, "the parties will at least know where each others' bottom lines are," Obama added. And lawmakers realize, he said, that there will be "pain involved politically on all sides" in any agreement.
July 5, 2011 The latest top stories about the talks in Washington as a potential government shutdown looms.
June 29, 2011 Asked about GOP opposition to any tax increases, the president said that "a lot of people say a lot of things to satisfy their base or get on cable news. ... Hopefully, leaders at a certain point rise to the occasion and do the right thing."
April 11, 2011 President Obama has been criticized for not leading with a major proposal to cut federal spending, letting Republicans go first. But now he is able to present his own proposal as a response to the most controversial aspects of the GOP plan, the cuts to entitlements and no tax increases for the rich.