(CNN) – Lawmakers have known about this day since August 2011 – a day they say was never supposed to come – but nevertheless, it’s…
The federal government recorded its worst monthly deficit in history in February, according to a preliminary report Wednesday from the Congressional Budget Office that said the deficit in fiscal year 2012 is already more than half a trillion dollars. The CBO’s figures show that despite repeated efforts to trim spending, the government has borrowed 42 […]
If there’s one mantra that’s always recited by politicians it’s “The American people want this,” and “The American people want that.” But based on the congressional gridlock surrounding the country’s deficit, it’s clear Republicans and Democrats are oblivious to what the American people really want, or need for that matter. Republicans and Tea Party members […]
WASHINGTON — President Barack Obama said he will veto conservative Republicans’ “Cut, Cap and Balance” fiscal plan if it makes it to his desk. A statement from the White House rejected the plan, which conditions a debt limit hike on a constitutional amendment that would require the government to balance its books each year. The […]
WASHINGTON — If lawmakers fail to reach a compromise on the nation’s deficit, it would not be the first time America defaulted on its loans…sort of. According to a report in The Washington Post, in 1979 the U.S. reached a last-minute approval that resulted in technical malfunctions in processing the backlog of paperwork, and subsequently […]
During a senate meeting Tuesday, majority leader Harry Reid (D-Nev.) called for talks on budget issues, as the country has found itself in great financial strain as of late. In true Democratic fashion, Reid proposed: “It is the sense of the Senate that any agreement to reduce the budget deficit should require that those earning […]
Roland Martin and the Washington Watch roundtable discuss the budget battle on Capitol Hill. Are the proposed GOP budget cuts about helping the economy, lowering the deficit or is it simply ideology? Will the Republican budget cuts ultimately hurt the economy? WATCH:
Roland Martin joins David Walker and host Ali Velshi on Your $$$$$ to discuss reducing the deficit as well as how it affects the American people. WATCH:
Senators have reached agreement to end Sen. Jim Bunning’s filibuster of $10 billion in benefits for unemployed workers and road projects, Bunning’s office and Democratic officials said. The agreement, officials said, calls for two votes: one on the package itself and another on a measure to pay for it, as Bunning demanded. The Senate adjourned […]
