John Boehner
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President Obama said IRS conduct targeting conservative groups for extra tax scrutiny was "inexcusable" and that acting IRS Commissioner Steven Miller is out.
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*Cuts to Social Security retirement program loom. WASHINGTON, April 10- President Barack Obama proposed a $3.77 trillion budget on Wednesday that combines controversial cuts to social safety net programs with tax increases on the wealthy.
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President Obama sent Congress a $3.8 trillion spending blueprint on Wednesday that strives to achieve a "grand bargain" to tame runaway deficits, raising taxes on the wealthy and trimming popular benefit programs.
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WASHINGTON, April 10- President Barack Obama on Wednesday revived a list of his favorite ideas for raising $580 billion in new U.S. tax revenues over 10 years from the wealthy that, while unpopular in Congress, could prove an opening gambit for a longer term tax overhaul.
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President Barack Obama on Wednesday will issue ideas to raise $580 billion in new tax revenues, including a minimum tax on the wealthy and putting an end to some corporate tax breaks.
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WASHINGTON, April 10- President Barack Obama on Wednesday will issue a greatest hits list of ideas to raise $580 billion in new tax revenues over a decade, including a minimum tax on the wealthy and putting an end to some corporate tax breaks, administration officials said.
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WASHINGTON, April 9- Momentum is building among Republican lawmakers for legislation to prevent a credit default by the United States, suggesting they will fight hard for spending cuts when Congress debates another increase in the nation's debt limit this summer.
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WASHINGTON, April 7- South Carolina Senator Lindsey Graham on Sunday became the first prominent Republican to publicly praise, however lukewarmly, the budget proposal the White House outlined last week.
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WASHINGTON, April 7- South Carolina Senator Lindsey Graham on Sunday became the first prominent Republican to publicly praise, however lukewarm, the budget proposal the White House outlined last week.
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WASHINGTON, April 5- A modest tax increase that Republicans embraced months ago will be part of President Barack Obama's budget proposal set for release next week, White House officials said on Friday.
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President Barack Obama will offer cuts to Social Security and other benefits programs in a budget proposal next week aimed at winning over enough congressional Republicans to pass a broad deal to reduce the deficit.
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WASHINGTON, March 21- House Speaker John Boehner and his fellow Republicans say they are preparing to use the next debt limit deadline to fight for further spending cuts and major changes to federal healthcare and retirement programs.
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WASHINGTON, March 20- A bipartisan group of U.S. lawmakers began a new attempt on Wednesday to pass legislation that puts pressure on China to change its currency practices, reviving an effort that previously failed to make it to the finish line.
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The bill is similar to legislation that passed the House of Representatives in 2010 and the Senate in 2011, but which died in Congress before it could reach President Barack Obama's desk to sign into law. Treasury Secretary Jack Lew was wrapping up a two-day visit to China, where he pressed Beijing to allow the yuan to rise further against the dollar.
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Social Security retirement program for the next 75 years. Assistant Senate Democratic leader Dick Durbin said the panel would be modeled after the "Simpson-Bowles" deficit-reduction commission that made recommendations to Congress at the end of 2010, but failed to garner enough support to push its comprehensive budget savings through Congress.
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Leading congressional Republicans said on Sunday a broad deal with President Barack Obama on deficit reduction and entitlement reform remains possible but differed over potential flexibility on taxes, with the House speaker and budget leader not bending
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WASHINGTON, March 17- Leading congressional Republicans said on Sunday a broad deal with President Barack Obama on deficit reduction and entitlement reform remains possible but differed over potential flexibility on taxes, with the House speaker and budget leader not bending.
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WASHINGTON, March 17- Senior congressional Republicans said on Sunday they see a chance for a broad deal with President Barack Obama on deficit reduction and reining in spending on vast government programs like Medicare and one senator signaled potential flexibility on taxes.
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*Would put $2 bln over 10 years to alternative transport research. LEMONT, Illinois/ WASHINGTON, March 15- President Barack Obama tried to move past partisan fights over U.S. energy policy on Friday with a modest proposal to fund research into cars that run on anything but gasoline.
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President Barack Obama will try to turn the page on bitterly partisan fights over energy policy on Friday, focusing the first energy speech of his second term on proposing a modest new fund to support research.
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As divisions over major reductions in federal budget deficits solidify, President Obama and members of Congress have begun weighing limited steps that might be brokered in a bipartisan deal.