The head of the Congressional Budget Office gave a bipartisan conference committee three choices for cutting the U.S. deficit: increase taxes, make deep cuts in entitlement spending or cut other programs.
Democrats and Republicans clashed over reducing the U.S. debt by raising revenue as the first meeting of a bipartisan budget panel today revived the same disputes that have scuttled previous congressional efforts.
PanAust Ltd., the Australian operator of copper, gold and silver mines in Laos, agreed to pay as much as $125 million for Glencore Xstrata Plc’s majority stake in a Papua New Guinea project to add long-term production.
House Republican leaders are considering a delay in debt-ceiling proposal, according to a congressional aide, as the Senate plans to vote tomorrow on a spending bill to avoid a government shutdown in four days.
Last week, Republicans in the U.S. House of Representatives voted for the 41st time to repeal or dismantle parts of the Patient Protection and Affordable Care Act. And no, the 42nd time is not going to be the charm.
Congressional Republicans will worsen the economic inequality that persists five years after the financial crisis if they refuse to compromise on budget issues and threaten to shut down the government, President Barack Obama and his aides said in interviews yesterday.