Lawmakers expressed confidence Sunday that a budget deal will be reached before Dec. 13, when the House of Representatives is expected to adjourn.
The top Republicans on the House and Senate budget committees said they were “disappointed” with President Barack Obama’s budget plan during a conference call Wednesday, arguing it will add $8.2 trillion to the deficit while increasing taxes by $1.1 trillion.
House lawmakers voted Wednesday afternoon to avoid a government shutdown, approving a bill that would keep agencies afloat through Sept. 30.
Some see a danger of political cronyism and corruption arising from the back room deal underway as Congress negotiates with the White House to avoid the fiscal cliff.
Politico has compiled a list, with commentary, of 10 statements made by President Barack Obama or his 2008 campaign that highlight the contrast between Obama’s expectations coming into office and his accomplishments while occupying the White House.
Independent Maine Senate candidate Angus King’s fiscal record during his eight-year tenure as the state’s governor is under fire from Maine Republicans and outside pro-business groups and becoming a major factor in the three-way race.
Mandatory cuts to the U.S. defense budget scheduled for the end of the year could cripple America’s armed forces by leaving them ill-equipped, understaffed, and unprepared to carry out missions in an increasingly dangerous world, former military officials and lawmakers warned Wednesday during a briefing on Capitol Hill.