President Barack Obama's new chief of staff on Sunday stopped short of predicting Congress would agree to extend the payroll tax cut for the rest of 2012.
With budget chief Jack Lew stepping up to be President Obama's new chief of staff, Washington is abuzz over who -- if anyone -- will be tapped as the president's new budget director.
President Barack Obama announced Monday that White House Chief of Staff Bill Daley is stepping down and will be replaced by Office of Management and Budget Director Jack Lew.
White House budget director Jacob Lew said Thursday he's optimistic that Congress will avoid any more threats of federal shutdowns later this month over a 2012 budget.
President Obama proposed Monday to pay for his $447 billion stimulus package largely by taxing the rich more.
Some Democrats have had it -- at least when it comes to reports of what's in a $3 trillion deal being shepherded by President Obama and House Speaker John Boehner.
White House Budget Director Jacob Lew says it's progress that both sides agree that the debt ceiling must be raised.
If the White House has a plan for how it will deal with a potential default on its bills, budget director Jacob Lew wasn't talking about it Sunday.
A bipartisan group of negotiators is "making progress" toward finding a way to both raise the debt ceiling and whittle down budget deficits, President Obama's top budget chief said Monday.
Talk about not mincing words. Democrat Kent Conrad, the Senate budget chairman, laid bare his extreme frustration with President Obama's 2012 budget request this week.
President Obama on Monday will propose a 2012 federal budget that the White House says will cut deficits by $1.1 trillion over 10 years.
President Obama's budget Monday will propose cutting $100 billion dollars from the Pell grant program and other higher education programs, but use those savings to ensure that eligible students would be able to receive the current maximum award of $5,500 per school year.
President Obama's upcoming budget will propose cuts to "scores" of federal spending programs, according to the administration's budget chief.
It's easy to see why any politician would want to avoid making huge promises on the deficit. After all, it's out of control, unpredictable and chances are you'll fail anyway.
Sen. Rand Paul discusses his proposal to cut federal spending, which includes wiping out three cabinet departments.
President Obama has got a new budget director, four months after he asked for one.
The U.S. Senate confirmed Jacob J. Lew as director of the White House's Office of Management and Budget by a voice vote Thursday night.
Jacob Lew, President Obama's pick for budget director, told lawmakers Thursday that the coming months may be the most critical time for U.S. fiscal policy in recent memory.
Two Senate committees hold hearings Thursday on the nomination of Jacob J. Lew as director of the Office of Management and Budget.
President Obama on Tuesday cited a "break through" on Wall Street reform and praised three Republican senators for saying they would vote for the bill.
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