President Obama and congressional Republicans battle each other over the sequester, $85 billion in automatic budget cuts that began at midnight Saturday.
Preparing to leap into the fiscal unknown, President Obama and congressional Republicans failed to reach a deal Friday to avert the $85 billion in automatic, across-the-board budget cuts set to begin at midnight.
The White House and congressional Republicans prepared Friday to leap into the fiscal unknown, facing $85 billion in automatic budget cuts unless the two sides somehow strike an 11th hour deal at a White House meeting.
The White House kicked off a week of warnings about the sequestration by issuing reports Sunday on how the looming $85 billion in automatic budget cuts will affect each of the 50 states.
The most controversial Senate candidate in 2012 was also the U.S. House's most conservative lawmaker, according to annual ratings compiled by 'National Journal.'
White House chief of staff Denis McDonough made his first tour of Sunday talk shows to warn about the impact of $85 billion in automatic budget cuts set to hit on March 1.
President Obama outlined plans Tuesday to revive American prosperity by rebuilding "a thriving middle class," calling it the "true engine of America's economic growth" during his annual State of the Union Address.
President Obama has spent this year talking about debt reduction, gun control, climate change, and immigration, but Tuesday's State of the Union address is expected to focus on the issues that brought him to power: Jobs and the economy.
The Air Force plans to cut aircraft maintenance by one-third, eliminate support for popular military airshows and cut support to more than 30 weapons systems if the mandatory budget cuts set to go into effect March 1 are not stopped or adjusted,...
The House has passed a bill to permit the government to borrow enough money to avoid a first avoid default for at least four months, defusing a crisis looming next month and setting the stage for a springtime debate over taxes, spending and the deficit.