The Federal Budget Crunch The debate over the federal budget and how much to cut has pitted the Republicans and the Democrats against each other.
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The Federal Budget Crunch

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Obama To Hold Town Hall At Facebook Headquarters

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Earlier this year, Sen. Bob Corker (R-TN) helped introduce the bipartisan CAP Act, which would aim to cut federal spending by $7.6 trillion over 10 years. Mark Humphrey/AP hide caption

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Mark Humphrey/AP

House Budget Committee Chairman Paul Ryan (R-WI) takes questions in reaction to President Obama's speech on a federal spending plan at the Capitol on Wednesday. J. Scott Applewhite/AP hide caption

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J. Scott Applewhite/AP

House Budget Committee Chairman Paul Ryan says the 2012 plan is about protecting Medicare. J. Scott Applewhite/AP hide caption

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J. Scott Applewhite/AP

House's Budget Blueprint Draws Up Party Lines

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Week In Review: Obama's Budget Speech; 2012 Presidential Election

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House Budget Committee Chairman Paul Ryan of Wisconsin, pictured with fellow Republicans at a news conference, said this week that "the biggest threat to Medicare is the status quo and the people defending it." Carolyn Kaster/AP hide caption

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Carolyn Kaster/AP

When The U.S. Paid Off The Entire National Debt (And Why It Didn't Last)

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Obama Stresses Need For Bipartisan Work On Budget

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President Obama outlined a mix of spending cuts and tax hikes to reduce the deficit Wednesday at George Washington University in Washington, D.C. Charles Dharapak/AP hide caption

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Charles Dharapak/AP

Some Republicans Waver On Ryan's Budget Plan

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Obama Proposes Tax Hikes, Cuts To Trim Deficit

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