By
Paul M. Krawzak
| March 12, 2013, 12:57 p.m.
House Budget Chairman Paul D. Ryan unveiled a fiscal 2014 budget plan Tuesday with an aggressive aim to erase the deficit in 10 years by cutting projected spending by some $4.6 trillion and calling for politically contentious changes in federal laws, including eliminating the 2010 health care law and overhauling the tax code.
By
Sam Goldfarb
| March 8, 2013, 7:21 p.m.
Although value-added taxes often are linked with Europe in the American imagination, the VAT is pretty much a universal phenomenon beyond U.S. borders.
By
Sam Goldfarb
| March 8, 2013, 6:20 p.m.
As the economy has slumped and budget deficits have skyrocketed, lawmakers from both parties have expressed new interest in stabilizing the national debt and restructuring the tax code to make it more conducive to economic growth. That’s led some to give serious consideration to policies that were once thought unthinkable.
By
Daniel Newhauser
| March 7, 2013, 2:56 p.m.
Speaker John A. Boehner said Thursday that the Senate will be toying with a government shutdown if it makes drastic changes to a continuing resolution passed Wednesday by the House.
John Arensmeyer
| March 5, 2013, 5:49 p.m.
Small businesses are critical to our economy. In fact, they generate, on average, 6 in 10 net new jobs. Fortunately for our leading job creators, Congress took an important step at the beginning of the year to protect them and their core customer base by extending income tax cuts for the middle class, as part of the fiscal-cliff deal. But lawmakers now have another economic obstacle in their path: the sequester — a host of automatic spending cuts that began March 1 because lawmakers couldn’t agree on a deal to reduce the deficit. These across-the-board cuts could have dire consequences for the economy and small employers. But all is not lost. There are still some areas in the budget where Congress can quickly pick up revenue to avoid the bulk of the cuts.
By
Steven T. Dennis, Daniel Newhauser
| March 1, 2013, 7:12 p.m.
It wasn’t supposed to be like this for the White House and a re-elected president with political capital to spend.
By
Steven T. Dennis
| March 1, 2013, 1:51 p.m.
President Barack Obama said Friday that he would not risk a government shutdown in an effort to avert the sequester, even as he continued to pressure Republican leaders to budge.
By
Steven T. Dennis
| March 1, 2013, 11:47 a.m.
Congressional Republican leaders told President Barack Obama face-to-face Friday that they will not accept any new taxes as part of a solution to the sequester, and are hopeful that a deal can be reached that would avert a government shutdown at the end of the month.
Thomas J. Pyle
| March 1, 2013, 4 a.m.
When President Barack Obama addressed the nation’s governors earlier this week, he urged them to pressure Congressional Republicans to make a deal to avoid $85 billion in automatic budget cuts that go into effect March 1. Failing to prevent the so-called “sequester,” he warned, would wreak havoc on the nation’s still-fragile economy.
By
Steven T. Dennis
| Feb. 28, 2013, 7:46 p.m.
Senate Democrats aren’t planning a shutdown showdown with Republicans over the sequester, as they prepare to move forward with an omnibus package keeping the government open past March 27, according to three senior Democratic aides.
By
Emily Holden
| Feb. 28, 2013, 3:21 p.m.
Senators rejected competing sequester replacement proposals Thursday, unable to agree on what legislation to take up to stop $85.3 billion in across-the-board spending cuts from going into effect Friday.
By
Steven T. Dennis
| Feb. 28, 2013, 1:27 p.m.
The White House threatened to veto the Senate GOP’s bill aimed at giving the president flexibility to target spending cuts — ripping the idea for protecting corporate tax exemptions.
By
David Harrison
| Feb. 27, 2013, 6:15 p.m.
By calling for an increase in the minimum wage during this month’s State of the Union address, President Barack Obama waded into a long-running debate among labor economists, with some saying the proposal would raise incomes and others countering that it would lead to decreases in employment.
By
Alan K. Ota
| Feb. 27, 2013, 6:12 p.m.
The Senate is expected to defeat Thursday competing Democratic and Republican alternatives to the $85.3 billion in automatic spending cuts scheduled to begin Friday.
By
Emily Holden
| Feb. 26, 2013, 1:24 p.m.
A Senate panel on Tuesday approved the nomination of Jacob J. Lew to be Treasury secretary, clearing the first hurdle toward confirmation amid GOP concerns about Lew’s personal investments and his role in budget negotiations.
By
Meredith Shiner, Steven T. Dennis
| Feb. 25, 2013, 3:55 p.m.
President Barack Obama on Monday called on the nation’s governors to lobby their respective congressional delegations to prevent the looming sequestration cuts set to kick in Friday.
By
Niels Lesniewski, Ben Weyl
| Feb. 24, 2013, 8 p.m.
The White House is aiming its latest warnings about the dire consequences of deep across-the-board spending cuts at an audience beyond the Beltway, issuing a new report Sunday that breaks down the effects on every state.
By
Emily Cahn
| Feb. 22, 2013, 3:21 p.m.
In an effort to better educate Capitol Hill staffers on the pressing legislative issues in the new Congress, the Congressional Research Service hosted a two-day seminar during recess week featuring the think tank’s top experts in policy areas such as immigration, gun control and tax policy.
By
David M. Drucker, Jonathan Strong
| Feb. 22, 2013, 1:58 p.m.
Pressed by President Barack Obama to support more revenue increases, congressional Republicans may relent on the carried interest loophole that tends to benefit wealthy Wall Street investors.
By
Alan K. Ota
| Feb. 14, 2013, 4:07 p.m.
Senate Majority Leader Harry Reid of Nevada laid out a $110 billion plan on Thursday to replace the sequester with higher taxes on the wealthy, tax revenue from oil derived from tar sands and spending reductions in agriculture subsidies and defense.
