Budget Control Act
Politicians surprise, reach bipartisan agreement on six-month budget extension
With an election just a few months away, U.S. elected officials reached an agreement on how to fund government operations through the end of March. The bipartisan agreement surprised many, as budget decisions in recent years have led to protracted negotiations.
Top of the Hour: Contingency Plan Emerges in Debt Deal, Morning Headlines
After talks collapse between President Obama and House Speaker John Boehner, Democrats and Republicans will release separate plans to raise the debt ceiling before the August 2 deadline. That and this morning’s other headlines.
As Debt Deadline Nears, Partisan Proposals and a Potential Contingency Plan Emerge
Democrats and Republicans will this morning release their separate plans to raise the debt ceiling before the August 2 deadline. But only one plan can pass and Congress is running out of time. The lack of time has thrown a spotlight on the 14th amendment, which some say would allow President Obama to increase the […]
Top of the Hour: Obama Attempts to Revive Budget Talks, Morning Headlines
President Obama today is trying to revive the chances for a sweeping budget agreement to reduce the nations’ deficit after negotiations broke down yesterday. House Speaker John Boehner announced he would push for a deficit reduction deal of only $2 trillion dollars, half has much as the White House had been proposing in recent days.