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.
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 says it is “absurd” that Republicans would threaten to let the United States default on its loans.
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 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.
The Republican Party seems as divided and angry as ever.
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.
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.
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.