- Student protester shot, killed amid Venezuela unrest
- ‘Between Two Ferns’ director rushes to Obama’s defense, blasts O’Reilly
- Marine springs into action, runs down and tackles alleged Boston purse snatcher
- Education Department botching loan-amnesty program: GAO review
- Snowden: NSA uses fake Facebook to hack into users’ computers
- Tearin’ up my tweet: ‘N Sync’s Lance Bass promotes wrong Obamacare website
- Oil rig worker says he saw missing plane go down: report
- Pentagon: U.S. F-16 fighter jets to train with Poland near Ukraine
- Jerry Sandusky’s wife: Victims manipulated over money
- Ben Carson: America’s now ‘very much like Nazi Germany’
Latest Maya Macguineas Items
The budget gurus in Congress have failed for years to find a grand bargain to reduce the government's long-term debt, so this year they decided to go small. Just 1 percentage point would be shaved from the annual cost-of-living increase in military pensions for veterans under age 62.
The "fiscal cliff" debate in Washington has been cast as a choice between runaway Democratic spending and draconian Republican cuts, but no matter who wins the argument, both parties' tax plans add to the deficit — by a minimum of $4.3 trillion through 2022, according to the nonpartisan Congressional Budget Office.
Failure by Congress' debt-cutting supercommittee to recommend $1.2 trillion in savings by Wednesday is supposed to automatically trigger spending cuts in the same amount to accomplish that job.
When President Obama rolls out his 2012 budget Monday, it will sound the starting gun on a three-month sprint that will determine just how serious Washington is about translating its cost-cutting rhetoric into serious action to reduce staggering deficits.
While Democrats and Republicans say they are ready to begin filling in the nation's deep borrowing hole, budget hawks remain skeptical of lawmakers' ability to fulfill their vow, given that many of them did the digging in the first place.
President Obama's tax-cut compromise with Republicans should provide a powerful boost to the economy next year by putting a lot of extra cash in consumers' pockets, and was cheered on Wall Street on Tuesday.
The leaders of President Obama's independent deficit commission said Tuesday they'll delay a vote on their recommendations until the end of the week in order to give members a chance to digest their revamped plan.
Postponements and taxes and cuts — oh my!
The pay-as-you-go rules President Obama is resurrecting as a solution to runaway federal spending have been repeatedly violated by Congress and the White House, allowing hundreds of billions of dollars to be spent without the required spending cuts or tax increases.