Robert Bixby News
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Senior lawmakers in both political parties predicted an end to a standoff on the U.S. fiscal cliff that threatens to yield $607 billion in tax increases and automatic spending cuts in January, while saying the details of a debt-cutting deal may come later.
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House minority leader Nancy Pelosi named three Democrats to the special committee charged with finding $1.5 trillion in budget savings: Representatives James Clyburn of South Carolina, Chris Van Hollen of Maryland and Xavier Becerra of California.
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House Democratic leader Nancy Pelosi named three of her most trusted allies to the special committee charged with finding $1.5 trillion in budget savings, amid growing doubts about the panel reaching a compromise.
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Weeks after Republicans assailed President Barack Obama for not taking the lead on overhauling entitlement programs, House Budget Committee Chairman Paul Ryan is likely to avoid laying out detailed cuts to Social Security in preparing his first budget plan.
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Weeks after Republicans assailed President Barack Obama for not taking the lead on overhauling entitlement programs, House Budget Committee Chairman Paul Ryan is likely to avoid laying out detailed cuts to Social Security in preparing his first budget plan.
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Among the 12 members of the congressional deficit-cutting supercommittee, there are committee chairmen, Sunday news show regulars, anti-tax purists, and Patty Murray.
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The implosion of the congressional supercommittee is likely to delay any major deficit-reduction agreement until after the next presidential election and may pose an immediate threat to the struggling U.S. economy.
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America’s bills are about to exceed its paycheck.
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Republican U.S. Representative Mike Simpson often begins speeches on the federal budget in his home state of Idaho with two questions.
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Senate Democratic Leader Harry Reid will appoint Senators Patty Murray of Washington, Max Baucus of Montana and John Kerry of Massachusetts to a special committee charged with finding $1.5 trillion in budget savings.
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