Feb 11, 2013

An American risk to the world

The Obama administration is walking a financial tightrope as long as Democrats and Republicans fall short of overall agreement on U.S. fiscal reform.

Obama urges deal to avoid 'sequester'

Feb 7, 2013

Obama urges deal to avoid 'sequester'

President Barack Obama on Tuesday urged Congress to head off deep, automatic spending cuts set to hit the Pentagon and other federal agencies on March 1 and replace them, at least for a few months, with a new debt-reduction package that includes fresh tax ...

House GOP retreats over debt limit

Jan 20, 2013

House GOP retreats over debt limit

House Republicans backed away from their resolute position on the federal debt ceiling, announcing Friday that they will move this week to boost the government’s borrowing authority for three months. The move is a retreat from the earlier insistence among some Republicans that any ...