A Senate immigration bill would cost $6.3 trillion over 50 years to provide benefits for millions now in the U.S. illegally, the Heritage Foundation says in a controversial study.» Read More
WASHINGTON, March 13- President Barack Obama warned it may be impossible to reach a deal with congressional Republicans on trimming the U.S. budget deficit even as he headed back to Capitol Hill to try to thrash out the issue with his political opponents.
Larry Kudlow sits down exclusively with House Budget Chairman Paul Ryan, R-Wis., to discuss the GOP's new budget proposal and more. This is the complete 19 minute interview. (18:56)
*President continues wooing members of Congress. WASHINGTON, March 13- Democratic President Barack Obama and Republican budget chairman Representative Paul Ryan tamped down expectations for any kind of deficit-reducing budget deal this year, even as Obama prepared for a meeting on Wednesday with Republicans on Capitol Hill.
Rep. Paul Ryan insists that his plan to balance the budget by, in part, defunding Obamacare is the right thing to do.
House Budget Chairman Paul Ryan unveiled a new framework to fix the nation's growing debt. CNBC's Larry Kudlow will speak with Ryan tonight on his show.
Democrats say their plan shrinks deficits by $1.85 trillion over 10 years, imposes tax hikes on the wealthy and adds $100 billion in infrastructure spending to boost job growth. "It shows the gulf we have to bridge is just as big as it ever was," said Representative Chris Van Hollen of Maryland, the top Democrat on the House of Representatives Budget Committee.
President Obama has arrived for lunch with Senate Democrats, reports CNBC's John Harwood.
How the Paul Ryan budget impacts your retirement, with CNBC's John Harwood.
Rep. Paul Ryan called his third budget an "invitation" to President Barack Obama and Senate Democrats to begin bargaining toward a deal to balance the budget.
CNBC's John Harwod reports the White House has rejected Rep. Ryan's budget proposal that included $4.6 trillion in budget cuts but included no new revenues.
WASHINGTON, March 12- A 10- year, $4.6 trillion balanced budget proposal unveiled by Republicans on Tuesday could either be shelved within weeks or help jump-start negotiations with President Barack Obama toward a major deficit-reduction deal.
House Budget Committee Chairman Rep. Paul Ryan, (R-WI), discusses his budget proposal, saying the nation is facing a debt crisis that will hurt everyone. CNBC's John Harwood, weighs in.
WASHINGTON, March 12- Republicans in the U.S. House proposed $31 billion in farm subsidy cuts and the conversion of food stamps for the poor into a cash benefit program on Tuesday to help balance the federal budget in 10 years.
WASHINGTON, March 12- Republicans kicked off their latest deficit-reduction gambit on Tuesday with a 10- year balanced budget plan that could either be shelved within weeks or help kick-start negotiations with President Barack Obama toward a major deficit-reduction deal.
I was off yesterday, but much of the modest optimism I saw in my emails seemed predicated on the idea that a budget deal was imminent.
CNBC's John Harwood reports House Budget Committee Chairman Paul Ryan (R-WI), unveils his party's budget proposal today.
WASHINGTON, March 12- Republicans in the U.S. House of Representatives on Tuesday proposed $31 billion in farm subsidy cuts and the conversion of food stamps into a cash benefit program, as a way to help balance the federal budget in 10 years.
WASHINGTON, March 11- House Budget Committee Chairman Paul Ryan said on Monday he can balance the federal budget in 10 years without raising taxes any further by achieving $4.6 trillion in additional government spending cuts.
WASHINGTON, March 11- U.S. farm groups are looking for a formula to lower crop subsidy spending dramatically and end regional infighting ahead of new congressional demands for cuts in a farm bill now costing $10 billion more than planned. Chairman Paul Ryan of the House Budget Committee was expected to call for deep cuts in agricultural programs on Tuesday.
WASHINGTON, March 11- With little prospect of getting rid of the automatic spending cuts that kicked in on March 1, the U.S. Congress and the White House will move on to bigger budget battles this week as dueling Republican and Democratic proposals land in the House of Representatives and the Senate.