U.S. Attorney General Eric Holder said on Tuesday he had ordered the FBI to open a criminal probe in a growing scandal over the Internal Revenue Service's targeting of conservative political groups.» Read More
*Obama and congressional leaders in talks at White House. Locked in during a bout of deficit-reduction fever in 2011, the time-released "automatic" cuts can only be halted by agreement between Republican lawmakers and the White House.
*Obama to host congressional leaders at White House. *White House denies ordering release of illegal immigrants. Expectations were low that a White House meeting on Friday between Obama and congressional leaders, including Republican foes, would produce any deal to avoid the cuts.
President Obama will meet Friday with the top leaders in the House and Senate, hours past the deadline for averting automatic budget cuts, to discuss how to proceed on divisive tax-and-spend issues.
WASHINGTON, Feb 27- President Barack Obama will meet with top congressional leaders on Friday to discuss the deep, automatic U.S. government spending cuts slated to go into effect that day, congressional and White House officials said on Wednesday.
WASHINGTON, Feb 27- President Barack Obama will meet with top congressional leaders on Friday to discuss the deep, automatic U.S. government spending cuts slated to go into effect that day, congressional aides said.
*Republicans say White House playing politics. NEWPORT NEWS, Va., Feb 26- President Barack Obama on Tuesday warned of threats to Navy readiness and the government released hundreds of illegal immigrants due to budget pressure as automatic government spending cuts crept closer.
*Republicans say White House playing politics. NEWPORT NEWS, Va., Feb 26- President Barack Obama on Tuesday warned of threats to Navy readiness and a storm broke over the government releasing hundreds of illegal immigrants due to budget pressure as "sequestration" spending cuts crept closer.
WASHINGTON, Feb 26- The top U.S. Dave Camp, chairman of the Ways and Means Committee in the Republican-controlled U.S. House of Representatives, said that major tax reform remains his top 2013 goal. Camp, of Michigan, leads one of the most coveted panels in Congress, with power over tax, healthcare financing and trade.
WASHINGTON, Feb 26- U.S. Senate Republican leader Mitch McConnell said on Tuesday he favored replacing deep, across-the-board spending cuts set to begin on Friday with a more flexible approach that would be carried out by President Barack Obama's administration.
NEWPORT NEWS, Va., Feb 26- President Barack Obama took his case for softening the effect of deep budget cuts to a shipyard town dependent on defense contracting on Tuesday, but there was little sign he will be able to halt automatic cuts from starting this week.
The White House issued more dire warnings about the harm the cuts will do to Americans, breaking down the loss of jobs and services to each of the states.
*White House says law forces across-the-board cuts. WASHINGTON, Feb 24- With five days left before $85 billion is slashed from U.S. government budgets, the White House issued more dire warnings about the harm the cuts will do to Americans, breaking down the loss of jobs and services to each of the states.
In what might be just the start of long negotiations to prevent the $85 billion in cuts, Obama spoke to House of Representatives Speaker John Boehner and Senate Minority Leader Mitch McConnell. The conversations were "good," White House spokesman Jay Carney said, but he declined to provide details.
WASHINGTON, Feb 21- President Barack Obama expressed doubt on Thursday that a deal can be struck with Republican lawmakers by a March 1 deadline to head off the start of $85 billion in spending cuts.
WASHINGTON, Feb 21- President Barack Obama spoke to Republican congressional leaders on Thursday in the first sign of movement toward heading off across-the-board government spending cuts that could go into effect in a week.
WASHINGTON, Feb 21- President Barack Obama on Thursday called Republican congressional leaders, House of Representatives Speaker John Boehner and Senate Minority Leader Mitch McConnell, to discuss looming spending cuts, the White House said. White House spokesman Jay Carney said the conversations were "good" but declined to provide any details.
WASHINGTON, Feb 14- Democrats in the U.S. Senate on Thursday rallied around a $110 billion tax increase and spending cut plan that would postpone more severe automatic spending cuts set to begin on March 1. The proposal, which is expected to get shot down by Republicans who oppose raising taxes any further to reduce budget deficits, might never come to a Senate vote.
ASHEVILLE, N.C., Feb 13- President Barack Obama visited a truck parts plant on Wednesday to highlight the role of U.S. manufacturing in reviving the economy, and follow up on his State of the Union message of strengthening the middle class. "Manufacturing punches above its weight," National Economic Council Chairman Gene Sperling said on Wednesday.
WASHINGTON, Feb 13- U.S. House of Representatives Speaker John Boehner, the top Republican in Congress, expressed hope on Wednesday that automatic spending cuts could be averted if President Barack Obama quickly comes up with an alternative.
Sen. Mitch McConnell, (R-KY) shares his hopes for President Obama's speech tonight. Amity Shales, "Coolidge" author, and Steve Moore, Wall Street Journal Editorial Board, weigh in.