WASHINGTON — Senate Republicans derailed a Democratic “Buffett rule” bill Monday forcing the nation’s top earners to pay at least 30 percent of their income in taxes, using the day before Americans’ taxes are due to defy President Barack Obama on one of his signature election-year issues.
ISLAMABAD — Afghanistan officials claimed Sunday that Afghan and NATO forces were retaliating for gunfire from two Pakistani army bases when they called in airstrikes that killed 24 Pakistani soldiers, adding a layer of complexity to an episode that has further strained Pakistan’s ties with the United States.
WASHINGTON (AP) — Congress’ supercommittee conceded ignominious defeat Monday in its quest to conquer a government debt that stands at a staggering $15 trillion, unable to overcome deep and enduring political divisions over taxes and spending.
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) — One crisis averted, on to the next. The day after Congress managed to avoid a government shutdown — again — Republicans and Democrats stared ahead Tuesday at major fights over spending that underscore a deep divide that’s sure to define the fast-approaching national elections.
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 (AP) — The special panel’s goal is lofty: concoct a deal both parties will embrace to slash federal deficits by a mammoth $1.5 trillion or more over the next decade.
WASHINGTON (AP) — Under an urgent deadline, President Barack Obama and congressional negotiators set their sights on the nation’s tax system and cherished benefit programs Thursday in hopes of striking a massive budget deal to raise the nation’s debt ceiling. Obama said the two sides were still far apart and called everyone back to the White House on Sunday.