WASHINGTON — Republicans controlling the House are eying big cuts to food stamps as they piece together legislation to trim $261 billion from the federal budget over the next decade, hoping to forestall major Pentagon cutbacks.
WASHINGTON — The House was poised Wednesday to reject a bipartisan budget plan mixing tax increases with spending cuts across the budget to wring $4 trillion from the budget deficit over the coming decade, paving the way for Republicans to muscle through on Thursday a stringent GOP budget that blends big cuts to safety-net programs for the poor with a plan to dramatically overhaul Medicare.
WASHINGTON — House Republicans resurrected the specter of Medicare rationing Thursday in an election-year vote to repeal cost controls in President Barack Obama’s health care overhaul.
WASHINGTON (AP) — A special deficit-reduction supercommittee appears likely to admit failure on Monday, unable or unwilling to compromise on a mix of spending cuts and tax increases required to meet its assignment of saving taxpayers at least $1.2 trillion over the coming decade.
WASHINGTON (AP) — Digging in for a bruising struggle, Republicans on Congress’ powerful deficit-fighting “supercommittee” targeted Social Security and government health care spending Tuesday while Democrats pressed for higher tax revenue as part of any deal to reduce red ink by at least $1.2 trillion over the next decade.
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 (AP) — Struggling to break a perilous deadlock, President Barack Obama took direct control Friday of national debt-limit negotiations with both Republicans and Democrats. With the White House warning the nation’s economic stability is at stake, it’s one of the most severe tests yet of Obama’s presidency.
WASHINGTON (AP) — Republicans pulled out of debt-reduction talks led by Vice President Joe Biden with a flourish on Thursday, blaming Democrats for demanding tax increases as part of a deal rather than accepting more than $1 trillion in cuts to Medicare and other government programs.