• President Barack Obama's 2015 budget proposal will lose the offer to make cuts to entitlement programs, including Social Security, White House officials said Thursday. Photo by Brendan Smialowsky/Getty Images
    February 20, 2014   BY Jim Kuhnhenn, Associated Press 

    The White House says President Barack Obama’s upcoming budget proposal will not include his past offer to accept lowered cost-of-living increases in Social Security and other benefit programs. Those had been a central component of his long-term debt-reduction strategy.

    Officials said Thursday that those potential reductions in spending, included in last year’s Obama budget, had been designed to initiate negotiations with Republicans over how to reduce future deficits and the nation’s debt. But Republicans never accepted Obama’s calls for higher tax revenue to go along with the cuts. Continue reading

  • Speaker of the House John Boehner leaves the Capitol building on Tuesday after voting to pass an extension on the debt ceiling. Photo by T.J. Kirkpatrick/Getty Images
    February 12, 2014   BY Terence Burlij and Simone Pathe 

    House Speaker John Boehner listened to his inner Kenny Rogers Tuesday, abandoning his search for a debt ceiling compromise that could win favor with his members and forcing Democrats to come up with most of the votes needed to pass an extension with no strings attached. Continue reading

  • Photo by Andrew Harrer/Bloomberg via Getty Images
    February 4, 2014   BY Andrew Taylor, Associated Press 

    The U.S. budget deficit is set to fall to $514 billion this year, down substantially from last year and the lowest level by far since President Barack Obama took office five years ago, a congressional report said Tuesday. Continue reading

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    January 18, 2014  

    India’s Mars Orbiter Mission is a point of great national pride. It will be completed for just over $70 million, a tiny fraction of the cost spent by NASA on similar programs. But is spending any resources on a mission to Mars wise when hundreds of millions of Indians struggle to meet basic needs? Continue reading

  • January 17, 2014   BY News Desk 

    Obama signs $1.1 trillion spending bill to keep federal government running through September: http://t.co/jUUVLI8IhK — The Associated Press (@AP) January 17, 2014  

  • January 15, 2014  

    In our news wrap Wednesday, the House of Representatives approved a $1.1 trillion budget package. The Senate is also expected to approve the funding bill by the end of the week. Also, unreleased video footage suggests that Army Sgt. Bowe Bergdahl, a U.S. soldier held captive in Afghanistan since 2009, may still be alive. Continue reading

  • January 15, 2014   BY Alan Fram, Associated Press 

    Party leaders pushed a massive $1.1 trillion spending bill for this year through the House on Wednesday, shunning the turmoil of recent budget clashes with a compromise financing everything from airports to war costs and brimming with victories and concessions for both parties. Continue reading

  • budget
    January 14, 2014  

    The House of Representatives passed a bill to fund the government short-term while they finish work on a long-term bipartisan plan to fund the government through September. Kwame Holman reports on the details and concessions of the $1.1 trillion budget package and Gwen Ifill gets analysis from Ed O’Keefe of The Washington Post. Continue reading

    January 2, 2014  

    When Congress reached a budget deal to fund the federal government, one of the controversial items they agreed to was a cut in military pensions. But does this break a promise to those who have served? Jeffrey Brown gets perspective from retired Vice Adm. Norbert Ryan and former Assistant Secretary of Defense Lawrence Korb. Continue reading

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    December 19, 2013  

    The bipartisan budget plan passed by Congress will avert another government shutdown, give the Pentagon some relief from automatic spending cuts and restore billions of dollars to domestic programs. Gwen Ifill talks to Lori Montgomery of The Washington Post about how most Americans will experience effects of the budget plan. Continue reading