Brendan Buck News
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President Barack Obama called on Congress to “fully fund” his request to bolster security at U.S. diplomatic outposts as he sought to contain political fallout from last year’s deadly attack in Benghazi, Libya.
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White House budget director Jacob Lew said the administration wants to shift the focus of budget talks from spending cuts to long-term deficit reduction, which will force Republicans to discuss raising government revenue .
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While hundreds of thousands of U.S. government employees may be furloughed due to federal spending cuts, President Barack Obama and members of Congress won’t need to worry about their paychecks.
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Democrats and Republicans in the U.S. Congress are nowhere near a plan to avert $1.2 trillion in spending cuts about two weeks before they are set to begin.
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House Speaker John Boehner offered to raise income tax rates on households earning more than $1 million a year in exchange for containing the cost of federal entitlement programs, as part of a deal with President Barack Obama to cut the federal deficit, according to two people familiar with the talks.
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The Obama administration began a public campaign to head off scheduled automatic budget cuts that the administration said would reduce spending on programs including education, small business loans, food safety inspections and defense.
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Paul Ryan, the Republican vice presidential candidate, may reprise a favorite campaign theme in his debate with Vice President Joe Biden tonight: Reliance on the federal government is bad.
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President Barack Obama made a new budget offer that would raise taxes by $1.2 trillion and increase tax rates for households earning more than $400,000 a year, up from $250,000, said a person familiar with the talks.
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From the moment Mitt Romney announced Paul Ryan as his running mate, the campaign has held up the Wisconsin congressman as a leader who excels at bipartisanship.
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President Barack Obama reduced his demand for tax increases to $1.4 trillion from $1.6 trillion as he and House Speaker John Boehner traded another round of offers and inched toward a budget agreement.
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