March 14, 2011 As the federal government approaches another shutdown, there's disagreement among House GOP freshman on whether they should hold out for all their spending cuts or compromise with Democrats.
February 24, 2011 Senate Democrats are developing a package of budget cuts for the current 2011 fiscal year. It's an acknowledgement that the current political climate requires cuts and the need to have a counteroffer to the House GOP's deep package of cuts.
November 22, 2010 Joe Minarik, a budget expert, explains the difference between federal deficits and the debt and why experts are worried now that the ratio of the debt to the U.S. gross domestic product has soared past the 60 percent level.
November 17, 2010 A bipartisan plan for cutting federal debts and deficits includes a year long payroll tax holiday. It would proposes a new 6.5 percent national sales tax whose revenues would be used to reduce the national debt.
November 10, 2010 Pelosi called the plan "simply unacceptable" while House Republicans called it "provocative." The reaction was a measure of how difficult it will be for policymakers to take significant steps in the near term to make federal spending sustainable.