Budgets are not much more than political documents, and this one is no different. It's going nowhere in the Republican-led House and Senate, but it will add numbers to those priorities.
By Martin Crutsinger, Associated Press
WASHINGTON — President Barack Obama sent Congress a record $4 trillion budget Monday that would boost taxes on higher-income Americans and corporations, pushing past tight federal spending caps to fund an ambitious public works program and provide middle-class tax relief.
By Jim Kuhnhenn, Andrew Taylor, Associated Press
President Barack Obama's budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials…
By Lisa Desjardins, Domenico Montanaro, Rachel Wellford, Simone Pathe
Budget cuts and increased revenue have again cut the federal deficit. But the Congressional Budget Office forecasts that under current policy (including the sequester/budget cuts) the deficit will start to rise again in 2018.
By Stephen Ohlemacher, Associated Press
Solid economic growth will help the federal budget deficit shrink this year to its lowest level since President Barack Obama took office, according to congressional estimates released Monday.
By Lisa Desjardins
HERSHEY, Pa. — Republicans from the House and Senate met here in the “Sweetest Place on Earth” Thursday to hash out their agenda, determine what they will try to do with their newfound control of both chambers and present a…
By PBS NewsHour
Tucked into the new federal spending bill that passed this week was a provision to loosen banking regulations on hedges known as derivatives or swaps, rolling back part of the Dodd-Frank Act that was enacted after the financial crisis. Dennis…
Syndicated columnist Mark Shields and New York Times columnist David Brooks join Judy Woodruff to discuss the week’s news, including the $1.1 trillion spending bill to fund the government and the Senate’s investigation of the CIA’s interrogation methods.
By PBS NewsHour
In our news wrap Friday, British officials demanded an investigation of an incident that brought Europe’s busiest airport to a standstill. Also, the Pew Research Center found that the wealth gap between white Americans and minorities is growing.
House Speaker John Boehner announced a budget deal just a day before the deadline for a possible federal government shutdown. The Republican-written bill has no sign of past shutdown flashpoints, but it doesn't mean everyone is happy. Political editor Lisa…
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