As deficit spikes, CBO says Congress must act on debt by October
A new government estimate says the drop-dead deadline for lawmakers to increase the government's borrowing limit is early to mid-October.
Facing defections, Senate GOP leaders delay health care vote
Senate leaders scrambled to rescue their health care bill, in deepening jeopardy as opposition from rebellious Republicans intensified.
WATCH: Ryan addresses budget office score of GOP health care bill
On Wednesday, the budget office said the House bill would leave 51 million Americans uninsured by 2026.
Watch 8:23
Failing to close deal on health care, House GOP delays vote
The House Republican plan to hold a vote Thursday on a replacement for the Affordable Care Act has been delayed after a day of frenzied efforts to win over GOP holdouts. Judy Woodruff gets updates from Lisa Desjardins on Capitol…
While two House committees worked through the night to pass the GOP health care bill in party line votes, party leaders aimed for the big picture. Top Democrat Nancy Pelosi decried the lack of analysis yet by the CBO, and…
WASHINGTON — President Barack Obama is unveiling his eighth and final budget, a $4 trillion-plus proposal that's freighted with liberal policy initiatives and new and familiar tax hikes — all sent to a dismissive Republican-controlled Congress that simply wants to…
WASHINGTON — House Republicans on Tuesday unveiled a $3.8 trillion budget plan for next year that effectively breaks tight budget limits on military spending while promising a familiar roster of big cuts to social programs such as food stamps and…
WASHINGTON — The federal government's budget deficit has fallen to $486 billion, the smallest pool of red ink of President Barack Obama's six-year span in office, a new report said Wednesday.
WASHINGTON — The White House says this year's budget deficit will drop to $583 billion, the lowest level of President Barack Obama's tenure.
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