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GOP leader Cantor opposes Senate 'cliff' bill

WASHINGTON — The No. 2 Republican in the House leadership says he opposes a Senate-passed measure to avert the so-called fiscal cliff. AP Photo/Jacquelyn Martin House Majority Leader Eric Cantor of Va., right, leaves a Republican... Full story

 

GOP leader Cantor opposes Senate 'cliff' bill

WASHINGTON — The No. 2 Republican in the House leadership says he opposes a Senate-passed measure to avert the so-called fiscal cliff. AP Photo/Jacquelyn Martin House Majority Leader Eric Cantor of Va., right, leaves a Republican...

 

Senate leaders offer dour take on 'cliff' talks

WASHINGTON — The top Senate negotiators on the effort to prevent the government from going over the "fiscal cliff" offered a pessimistic assessment Sunday barely 24 hours before a deadline to avert tax hikes on virtually every... Full story

 

Sen. Daniel Inouye of Hawaii dead at 88

WASHINGTON — Sen. Daniel Inouye of Hawaii, the influential Democrat who broke racial barriers on Capitol Hill and played key roles in congressional investigations of the Watergate and Iran-Contra scandals, died Monday. He was... Full story

 

GOP retools plan as Congress seeks debt fix

AP Photo/J. Scott Applewhite Senate Majority Leader Harry Reid of Nev. speaks with reporters Tuesday on the Hill Capitol in Washington about the conflicting plans to deal with the debt crisis. WASHINGTON — Six days away from a po...

 

Study: Rich get a lot richer, outpace middle class

WASHINGTON — The richest 1 percent of Americans have been getting far richer over the last three decades while the middle class and poor have seen their after-tax household income only crawl up in comparison, according to a...

 

House plans vote on Federal balanced budget amendment

WASHINGTON — House GOP leaders are planning a vote Thursday on a proposed amendment to the Constitution requiring a balanced budget. The vote comes as Congress struggles to pass legislation increasing the government's borrowing...

 

Tax cut survives: Congress votes holiday approval

WASHINGTON (AP) — Barely beating Santa's sleigh, Congress delivered a last-minute holiday tax-cut extension to 160 million American wage-earners on Friday, just when it looked like they and millions of unemployed workers were...

 

Boehner: House leaders accept Senate tax terms

WASHINGTON— Their isolation complete, House Republicans on Thursday caved to demands by President Barack Obama, congressional Democrats and fellow Republicans for a short-term renewal of payroll tax cuts for all workers. After... Full story

 

Boehner: House leaders accept Senate tax terms

WASHINGTON— Their isolation complete, House Republicans on Thursday caved to demands by President Barack Obama, congressional Democrats and fellow Republicans for a short-term renewal of payroll tax cuts for all workers. After...

 

Debt panel poised to admit failure

WASHINGTON — A special deficit-reduction supercommittee appears likely to admit failure on Monday, unable or unwilling to compromise on a mix of spending cuts and tax increases required to meet its assignment of saving taxpayers...

 

Obama budget: Some cuts, not the slashes GOP asks

President Barack Obama reaches to shake hands with 8th graders as he speaks at Parkville Middle School and Center of Technology, in Parkville, Md., Monday. AP Photo/Carolyn Kaster Obama budget: Some cuts, not the slashes GOP asks...

 

Deficit 'supercommittee' struggles as clock ticks

WASHINGTON (AP) — The supercommittee is struggling. After weeks of secret meetings, the 12-member deficit-cutting panel established under last summer's budget and debt deal appears no closer to a breakthrough than when talks... Full story

 

Obama calls meeting with leaders 'constructive'

WASHINGTON — President Barack Obama described a debt-crisis session Thursday with congressional leaders as "very constructive" but said the parties were still far apart on deficit reduction proposals. He said he would reconvene...

 

Democrats unveil counteroffer easing GOP cuts

Democrats unveil counteroffer easing GOP cuts ANDREW TAYLOR, Associated Press WASHINGTON (AP) — Senate Democrats unveiled a detailed counteroffer Friday seeking to undo tens of billions of dollars in cuts Republicans would make...

 

Debt-limit bill passed, on its way to Obama

WASHINGTON — The Senate emphatically passed emergency legislation today to avoid a first-ever government default, rushing the legislation to President Barack Obama for his signature just hours before the deadline. The vote was...

 

Republicans press Obama on spending

WASHINGTON — Top House Republicans pressed President Barack Obama Wednesday for a detailed plan on budget cuts, and one leading lawmaker accused him of distorting a GOP Medicare proposal at the center of the partisan divide over... Full story

 

Deficit panel leaders' plan curbs on Social Security

Deficit panel leaders' plan curbs Social Security WASHINGTON (AP) — The leaders of President Barack Obama's bipartisan deficit commission launched a daring assault on mushrooming federal deficits on Wednesday, proposing reducing...

 

Lone holdout gives in, Senate Oks jobless benefits

Putting a lone senator's cantankerous challenge behind it, the Senate is back to work on a $100 billionplus bill reviving popular tax breaks and extending longer and more generous jobless benefits through the end of the year....

 

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