WASHINGTON — 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.The panel is sputtering t
When the monthly numbers came out last Friday, unemployment was still above 9 percent and the economy created no jobs--none; zero; zilch. The Republican presidential candidates quickly took the president to task while Mr. Obama was in “I’ve gotta get out there with a plan” mode.
In response to my blog last week, "A Case for Government Funding of the Arts, Part 1," several readers posted comments which decried any connection between the arts and government, even calling for the disestablishment of the National Endowment for the Arts (NEA).These comments — which I expected —
Republicans and Democrats quickly doled out blame to each other and China weighed in angrily after the first-ever downgrade in America's sterling credit rating — an expected but unsettling move that further clouds prospects for the recovery of the fragile U.S.
After months of bickering, posturing and name calling, Congress reached a debt deal. Legislators used every inch of room before hitting Tuesday’s debt-ceiling deadline. The deal passed the House and is expected to pass the Senate Tuesday. Still, nobody appeared to jump for joy.
The House of Representatives' vote to approve a bill raising the U.S. federal debt ceiling ended weeks of uncertainty and bitter debate. But even as the vote tally came in, the loudest cheers in the chamber were heard when Rep.