Tag: debt ceiling
Republicans propose budget that Democrats say amounts to a broken promise
Rep. Paul Ryan, the Republican chairman of the House budget writing committee, is preparing to unveil his latest plan for government spending. Democrats are already criticizing it as an example of Republicans breaking the agreement the two parties reached last August....
House passes payroll tax extension, Senate leader calls it 'dead on arrival'
Congressional Republicans and Democrats are haggling over legislation that would extend unemployment benefits and the payroll tax cut past Dec. 31. Republicans passed a bill Tuesday night, but Democrats say all of the bill's extra inclusions, as well as its funding, make it impossible to endorse....Congress fails to extend payroll tax cuts, but hope remains for deal
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....Democrats, Republicans squabbling over renewing, expanding payroll tax cuts
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....
Defense spending cuts look more like a slightly moderated increase
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....Democrats pushing Republicans to extend payroll tax cuts
Democrats are hoping to use the millionaire's tax to push through an extension in President Barack Obama's payroll tax cuts. So far, though, Republicans are resisting the idea of the millionaires tax, though they may be willing to use other means to keep the tax cut in place....
American 'Budget Heroes' find consensus on how to reform federal budget
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....
In the shadow of the Pentagon, businesses concerned over defense spending cuts
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....
Economists disagree over costs of massive defense spending cuts
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....
Reports: Deficit super committee fails to reach agreement
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....
JOIN PRI COMMUNITIES:
