WASHINGTON — Deadline nearing, the deficit-reduction talks in Congress sank toward gridlock Friday after supercommittee Democrats rejected a late Republican offer that included next-to-nothing in new tax revenue. Each side maneuvered to blame the other for a looming stalemate.
WASHINGTON — Despite President Barack Obama’s exhortations, the Senate prepared to swiftly kill his jobs package Tuesday and the White House and congressional leaders were already moving on to other ways to cut the nation’s painfully high unemployment without raising taxes.
WASHINGTON — Failure to raise the U.S. debt limit would probably ensure President Barack Obama’s re-election in 2012, Senate Republican leader Mitch McConnell warned fellow conservatives on Wednesday, fresh evidence of deep GOP political divisions on an issue of paramount importance to the nation and its economy.
WASHINGTON — President Barack Obama and congressional leaders on Monday emerged still deeply divided over how to slash the nation’s debt, with reality sinking in that even a middle-ground proposal was not big enough to succeed and would not get through Congress anyway.
WASHINGTON (AP) — Republicans showed new signs of flexibility to break a budget impasse Wednesday, but the White House raised the ante — pushing for more deficit reduction and taking a pugnacious tone casting the GOP as defenders of corporate tax giveaways.
WASHINGTON — Treasury Secretary Timothy Geithner offered a bullish assessment Tuesday of the chances of success for Vice President Joe Biden and a bipartisan band of lawmakers trying to craft a deal to slash the federal budget and raise the debt limit.