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Congress still trying to reach a deal on payroll tax, unemployment benefit extensions

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As the calendar marches toward Christmas, Congress is struggling to reach agreement on a plan to extend unemployment benefits and a payroll tax cut. Now, more legislation is being bundled together.
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Outrage builds over Air Force dumping parts of soldiers' remains in Virginia landfill

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Partial remains of at least 274 soldiers processed at Dover Air Force Base were dumped in a Virginia landfill, rather than disposed of in a cemetery or in a way that most would consider honorable.
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Congress fails to extend payroll tax cuts, but hope remains for deal

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A proposal to extend the tax cut that was put in place to reduce the payroll taxes paid by every American failed in Congress on Thursday. But, there are negotiations underway that could lead to a compromise before time runs out at the end of the year.
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Democrats, Republicans squabbling over renewing, expanding payroll tax cuts

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It should come as no surprise that Democrats and Republicans are disagreeing. President Barack Obama has a proposal on the table to extend the existing cuts and expanded to employers, and Democrats are coming around to the idea. But they disagree vehemently over how to pay for it.
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Defense spending cuts look more like a slightly moderated increase

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Wall Street Journal columnist Brett Arends, a long-time advocate of defense spending cuts, has looked at numbers from the Congressional Budget Office and found that the proposed defense spending cuts don't actually add up to cuts, but rather a slightly decreased rate of increase.
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U.S. Rep. Barney Frank announces he won't seek re-election

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The Massachusetts Democrat has served for more than 30 years, but decided recently that redistricting and changes in Washington have convinced him he's ready to retire and give up public office.
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American 'Budget Heroes' find consensus on how to reform federal budget

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In 2008, the Budget Hero game was launched online, It gave game players the chance to try and balance the budget and see the consequences of their actions. More than 170,000 people have played and they have reached some surprising conclusions.
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In the shadow of the Pentagon, businesses concerned over defense spending cuts

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With the Congressional Super Committee having failed, the Pentagon is facing $500 billion in cuts over 10 years. That has business owners near Crystal City and other military bases concerned about the fallout. But some are taking a positive outlook.
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Economists disagree over costs of massive defense spending cuts

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Most agree that tens and even hundreds of thousands of jobs will be lost, but how long they'll be lost for and how they might be recreated are an area for great disagreement.
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Reports: Deficit super committee fails to reach agreement

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The Super Committee in Congress was supposed to rise above the partisan divide and find a way forward for the necessary deficit reduction in Congress, but now signs indicate that the group of 12 senators and representatives have failed.
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