With eyes wide open, the House and Senate failed to reach a deal to fund the government as a new fiscal year began at midnight Monday, shutting down federal functions deemed non-essential and setting up an uncertain collision course ahead.
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.
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,...