The budget plans put forward by President Obama and House Budget Chairman Paul Ryan (R-WI) both set a goal of about $4 trillion in deficit reduction, but Ryan would get his in 10 years — two years sooner than the president.The biggest differences between the two plans are their treatment of taxes, a
The deal congressional leaders struck last Friday funding the federal government for 24 weeks and cutting $38 billion in spending is being voted on Thursday in the House and possibly the Senate.While the measure does chop spending, a few other things in it that have little to do with spending also g
President Obama, under increasing pressure to address the nation's burgeoning debt, on Wednesday laid out a sweeping vision to cut government deficits by more than $4 trillion in 12 years through tax increases and spending cuts phased in over time.In a speech at George Washington University in the n
I have one more thought about the budget deal agreed to over the weekend.If you tuned in earlier in the program, you heard from Congress' representative from the District of Columbia, the nation's capital, about specific steps taken by budget negotiators that will deny the District the right to use
President Obama announced an agreement Friday night to cut billions of dollars from the current year's budget and avoid a partial shutdown of the government that was due to occur at midnight. Following is the text of his remarks. Source: The White House.Good evening.
At a morning hearing of the the House Armed Services Committee, Defense Secretary Robert Gates told members that political turbulence in the Middle East and Northern Africa holds "peril and promise" for the U.S.The same could be said for President Obama's decision to drop bombs on Libya, a military