Americans and their elected officials continue to resist cuts to almost any specific program, big or small.» Read More
That was the clear message from most lawmakers interviewed on Friday as well as from close observers of Congress, after the deal passed through the U.S. House of Representatives on Thursday on its way to the Senate. The deal was a "one-off," said Norm Ornstein, a scholar of Congress at the conservative American Enterprise Institute.
Most of Wall Street views a budget agreement as a done deal. If it's not, lots of people will have to rethink rosy scenarios for a happy New Year.
Democrats counting on Obama simply to pass the torch to Hillary Clinton may be in for a letdown, if this expert's analysis is correct.
WASHINGTON, Nov 6- Two senior U.S. senators on Wednesday called for an end to a stock option-related tax break that lets companies avoid paying billions of dollars in taxes.
Humana Inc said that because of technical problems preventing millions of Americans from accessing the federal HealthCare.gov website since it opened on Oct. 1, the company had slashed its expectations of signing on 500,000 new plan members to an estimate of closer to 250,000..
The national party and its supporters in business are desperate for a candidate who can reverse its trends with women and minorities.
Senators Graham and McCain threaten to put Janet Yellen's Fed chair nomination on hold. CNBC's Tyler Mathisen reports the details.
*Says fellow Senator Ted Cruz tapped vein of "anger". WASHINGTON, Oct 21- The troubled launch of Democratic President Barack Obama's healthcare website could give Republicans a chance to regain some of the political ground they lost during the recent government shutdown, Republican Senator John McCain said on Monday.
House of Representatives is unlikely to act on the issue until at least early next year, which could complicate its chances of passing Congress.
Leaders from both parties insist a new government shutdown must be avoided although a plan to dodge it is still elusive and Sen. Ted Cruz is urging a repeat.
WASHINGTON, Oct 20- The U.S. economy has been hurt by a recent budget standoff in Washington and it is important that the nation does not go through another around of brinkmanship, Treasury Secretary Jack Lew said on Sunday.
WASHINGTON, Oct 20- A week after U.S. Senate leaders brokered a bipartisan spending deal to reopen the U.S. government and stave off a potentially disastrous default on American debt, Reuters will host several key players in the budget dispute as part of its annual Washington Summit.
*But Boehner receives praise from Tea Party members. WASHINGTON, Oct 17- The debt and budget crisis that gripped Washington was the story of a Republican Party at war with itself.
Sen. John McCain, R-Ariz., told CNBC on Thursday that lawmakers should try the regular budget process for a change.
'What has been done to the civilian sector ... is so harmful,' says Sen. John McCain, (R-AZ), discussing the impact of the shutdown on American citizens as well as both political parties. McCain also shares his thoughts on how Congress can likely reach a compromise on the budget.
*Senate passes bill, House follows suit. Capping weeks of political brinkmanship that had unnerved global markets, President Barack Obama quickly signed the spending measure, which passed the Senate and House of Representatives after Republicans dropped efforts to use the legislation to force changes in his signature healthcare law.
*Senate passes bill, House follows suit. Capping weeks of political brinkmanship that had unnerved global markets, the Senate and House of Representatives each passed the spending measure after Republicans dropped efforts to link the legislation to changes in President Barack Obama's signature healthcare law.
*Senate passes bill, House follows suit. WASHINGTON, Oct 16- The U.S. Congress on Wednesday approved an 11th- hour deal to end a partial government shutdown and pull the world's biggest economy back from the brink of a historic debt default that could have threatened financial calamity.
WASHINGTON, Oct 16- The U.S. Senate overwhelmingly approved a deal on Wednesday to end a political crisis that partially shut down the federal government and brought the world's biggest economy to the edge of a debt default that could have threatened financial calamity.
WASHINGTON, Oct 16- The U.S. Senate approved a deal on Wednesday to end a political crisis that partially shut down the federal government and brought the world's biggest economy to the edge of a debt default that could have threatened financial calamity.