Related Content: budget

A Portrait Of A Country Awash In 'Red Ink'

Essential Reads

As the federal debt balloons, reducing it would seem more and more pressing. Yet policymakers remain far apart. Debt, deficit and budget rhetoric is often accompanied by numbers cherry-picked to support a particular political view.    But a new book by Wall Street Journal economics writer David Wessel lays out the numbers that both political parties face.

Obama and House Republicans Offer Taste of Renewed Fight Over the Debt Ceiling

Essential Reads

President Obama and Congressional Republicans staged a preview of a looming end-of-year battle on Wednesday, as the president warned Republicans that he would not allow Congress to hold the economy “hostage” to another fight over whether to raise the country’s debt ceiling without accompanying cuts in spending.

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(CNN, File Photo)

Work in Progress

On The Radar

When Paul Ryan released his proposed federal budget a year ago, Mitt Romney greeted it coolly. He congratulated the House Budget Committee chairman for “setting the right tone”, but pointedly declined to endorse any of its details. The coolness was understandable. Mr Ryan’s budget was political dynamite. It proposed to slash income-tax rates, especially for the rich and businesses, and replace traditional Medicare with vouchers for the elderly to buy health insurance.
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March 23, 2012

Weekly Show

After the controversial killing of teenager Trayvon Martin, in Florida, national attention focuses on "Stand Your Ground" laws & the local police department. Plus, Mitt Romney wins Illinois but still faces criticism from conservatives. Also, a look at the GOP budget. Joining Gwen: Pierre Thomas, ABC News; Dan Balz, Washington Post; Sam Youngman, Reuters; Naftali Bendavid, Wall Street Journal.

 

Democrats Attack Ryan Budget Plan, Again

On The Radar

A year ago, Democrats made political mincemeat of Rep. Paul Ryan’s budget plan, attacking it for its cuts in Medicare and other programs. They’re hoping Mr. Ryan’s new plan will provide similar political damage. In a statement Tuesday, White House Communications Director Dan Pfeiffer said the plan “once again fails the test of balance, fairness and shared responsibility.”
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GOP Budget Plan Cuts Deeply into Domestic Programs, Reshapes Medicare, Medicaid

On The Radar

House Republicans laid down a bold but risky election-year marker Tuesday, unveiling a budget proposal that aims to tame the national debt by reshaping Medicare and cutting deeply into Medicaid, food stamps and other programs for the poor, while reshuffling the tax code to sharply lower rates.
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Study Tests Claims of Republican Candidates’ Debt Plans

On The Radar

A centrist budget-watchdog group is punching trillion-dollar holes in the claims of Republican presidential candidates that they would rein in the mounting federal debt if elected, according to an analysis to be released on Thursday.
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Obama's Corporate Tax Plan Presages Election Debate

On The Radar

President Obama's corporate tax reform "framework" unveiled Wednesday is unlikely to become law in an election year, but a partisan and economically rooted debate about individual and business taxes will figure prominently before November. Two competing visions for fiscal rejuvenation after 2013 are guaranteed to clash when Obama and a GOP nominee finally face one another later this year.
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Obama’s Tax Policy Targets Rising Sector of His Base: The Affluent

On The Radar

Partisan clashes over President Obama’s proposed tax increases have obscured something remarkable: that the affluent Americans targeted by his policy represent a growing share of his own party’s base. You would not know it from Republican cries of class warfare swirling around Mr. Obama’s new budget, which reiterates his calls for higher taxes on individuals earning more than $200,000 and households earning more than $250,000.

Romney Goes After Santorum on Budget, in Battle He Didn’t Bargain For

On The Radar

Mitt Romney was barely six minutes into a campaign speech here on Monday afternoon, dwelling on the success story of a local bioscience company, when he broached a topic that is suddenly confounding his Republican presidential aspirations: Rick Santorum.
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