February 14, 2011 Monday was another engagement in what's likely to be a long twilight struggle between President Obama and Republicans over the best way to get the nation's fiscal house in order while providing the best climate for future economic growth.
February 14, 2011 The administration also projects that the deficit for the current year will surge to an all-time high of $1.65 trillion.
February 11, 2011 Tea Party House freshmen have exerted their power, forcing their leaders to keep a campaign pledge. House leaders appeared ready to compromise on a campaign pledge to cut $100 billion in spending with $74 billion in cuts.
January 25, 2011 The 5-year freeze proposal expands on Obama's earlier call for a 3-year freeze on discretionary spending. The problem is, freezing discretionary spending doesn't solve the overall fiscal problem which is driven more by entitlement spending.
January 20, 2011 To get their savings House Republicans targeted many programs they've had in the sights for decades. Besides cutting money to implement the health care law, the proposed cuts would include the Corporation for Public Broadcasting and Amtrak.