fiscal cliff

House Speaker John Boehner, R-Ohio, speaks during a press conference on March 21, 2013 at the U.S. Capitol in Washington, DC. (credit: Win McNamee/Getty Images)

Boehner: Obama Deserves Credit For Entitlement Reforms In Budget

House Speaker John Boehner says President Barack Obama deserves some credit for what Boehner calls incremental entitlement reforms in his budget proposal.


President Barack Obama on Wednesday is sending Congress his 2014 budget, an effort to achieve an elusive "grand bargain" to tame runaway deficits that have soared above $1 trillion for each of the past four years. (Photo by Chip Somodevilla/Getty Images)

Seeking ‘Grand Bargain,’ Obama To Send Long-Awaited 2014 Budget to Congress

President Barack Obama on Wednesday is sending Congress his 2014 budget, an effort to achieve an elusive “grand bargain” to tame runaway deficits that have soared above $1 trillion for each of the past four years.


File photo of President Barack Obama. (credit: BRENDAN SMIALOWSKI/AFP/Getty Images)

Obama: Proposed Budget Not His ‘Ideal Plan’

Confronting bipartisan criticism, President Barack Obama conceded Saturday his proposed budget is not his “ideal plan” but said it offers “tough reforms” to the nation’s benefit programs while closing loopholes for the wealthy, a mix that he argued will provide long-term deficit reduction without harming the economy.


President Barack Obama holds a news conference in the East Room of the White House on Jan. 14, 2013 in Washington, D.C. (credit: Chip Somodevilla/Getty Images)

Obama: ‘Absurd’ Republicans Would Threaten to Let US Default

President Barack Obama says it is “absurd” that Republicans would threaten to let the United States default on its loans.


Democratic Leader Nancy Pelosi, D-Calif., speaks to the media during her weekly news conference, on Jan. 4, 2013 in Washington, D.C. (credit: Mark Wilson/Getty Images)

Pelosi: I Would Use 14th Amendment To Automatically Raise Debt Ceiling

House Minority Leader Nancy Pelosi says she would use the 14th Amendment to automatically raise the debt ceiling if she were president.


President Barack Obama enjoys a cup of shaved ice from Island Snow January 3, 2013 in Kailua, Hawaii. (Photo by Eugene Tanner/AFP/Getty Images)

Obama Urges Action On Debt Ceiling During Vacation

President Barack Obama is hailing a last-minute deal that avoids the fiscal cliff but says it’s just one step in a broader effort to boost the economy and shrink federal deficits.


Tea Party activists gather on Capitol Hill for a "Hold the Line" rally on June 27, 2011 in Washington, D.C. (credit: Win McNamee/Getty Images)

Tea Party Official: ‘People Are Mad As Hell’

The Republican Party seems as divided and angry as ever.


Senate Banking, Housing and Urban Affairs Committee ranking member Sen. Richard Shelby, R-Ala., questions a witness during a committee hearing on Capitol Hill on June 9, 2011 in Washington, D.C. (credit: Chip Somodevilla/Getty Images)

Shelby: Republicans Who Voted For Fiscal Cliff Bill ‘Will Rue The Day’

Republicans in Congress who took the politically risky step of voting to raise taxes now find themselves trying to fend off potential primary challenges next year from angry conservatives.


Senate Minority Leader Mitch McConnell, R-Ky., leaves the Senate floor and walks back to his office, on Capitol Hill on Dec. 31, 2012 in Washington, D.C. (credit: Drew Angerer/Getty Images)

McConnell: Obama Refuses ‘To Lead On The Pressing Issues Of The Day’

A new Congress opened for business Thursday to confront long-festering national problems, deficits and immigration among them, in an intensely partisan and crisis-driven era of divided government. “The American dream is in peril,” said House Speaker John Boehner, re-elected to his post despite a mini-revolt in Republican ranks.


File photo of Senate Minority Leader Mitch McConnell. (credit: Drew Angerer/Getty Images)

McConnell Called ‘Obstructionist’ By Ky. Critics

U.S. Sen. Mitch McConnell’s prominent role in fiscal cliff negotiations drew a derisive review back home Thursday from a longtime critic who branded the top Senate Republican as an entrenched obstructionist.