Independent deficit hawks -- as opposed to the political ones seeking votes -- gave mixed reviews to President Obama's 2013 budget proposal.
The congressional debt committee, three weeks from its deadline and reportedly deadlocked, got a polite earful on Tuesday from four of the most passionate proponents of a big, balanced and bipartisan deficit-reduction plan.
The country got a little shock therapy last week when the co-chairmen of President Obama's debt commission offered their recommendations for curbing U.S. debt. One of their goals: reduce deficits by $4 trillion over the next decade.
Starting next month, lawmakers will argue until they are hoarse over what to do about various spending bills and the Dec. 31 expiration of the Bush tax cuts.
The Senator from New Mexico talks about his career-long campaign for mental health parity, and the landmark legislation he's passed as part of the $700 billion Congressional bailout package
A special prosecutor will conduct an independent investigation into the conduct of Justice Department officials involved in the firings of nine U.S. attorneys, Attorney General Michael Mukasey announced Monday.
Attorney General Michael Mukasey appointed a prosecutor Monday to pursue possible criminal charges against Republicans who were involved in the controversial firings of U.S. attorneys
Republicans on Saturday blocked the Senate from considering a bill next week that would nearly double federal aid to help the poor pay heating bills
The Senate Ethics Committee issued a letter of admonition Thursday to New Mexico Republican Sen. Pete Domenici for his role in contacting the U.S. attorney in his state about a pending federal grand jury investigation into public corruption.
As gas prices hit another record high Thursday, senators in Washington suggested Congress may need to intervene and change how investors buy and sell oil.
An energy bill that would require automakers to raise their average fuel economy standards, increase ethanol use, and raise taxes on the oil industry hit a procedural roadblock in the Senate Friday, but senators vowed to work during the weekend to find a way to advance the bill.
An energy bill that would require automakers to raise average fuel economy standards hit a roadblock Friday in the Senate, but senators vowed to work over the weekend to find a way to advance the legislation.
Republican Rep. Heather Wilson will announce later today that she's running for the seat of retiring New Mexico Sen. Pete Domenici, two senior GOP congressional sources tell CNN.
Republicans' tough task of taking back control of the Senate next year now looks even tougher.
Republican Sen. Pete Domenici will not seek re-election next year because he has progressive, incurable brain condition that might prevent him from completing another six-year term, he announced Thursday.
Four prominent neurologists say they cannot see how Sen. Pete Domenici can continue his work as a U.S. senator given his diagnosis with frontotemporal lobar degeneration, a type of dementia.
Maintaining security in Diyala province north of Baghdad will be impossible if U.S. troops are withdrawn from Iraq, according to a U.S. senior ground commander there.
A recently canned former U.S. attorney, who has promised to name two lawmakers he says pressured him to build cases against Democrats, is scheduled to testify Tuesday before congressional committees.
Asking fellow senators to put finger-pointing over Hurricane Katrina's devastation aside, the head of the Senate Energy Committee called Tuesday for a gasoline and oil act to protect citizens from price gouging.
Silicon Valley, which has propelled innovation and economic growth for the past six years, is wounded. With layoffs, rolling blackouts, and rumors of Arnold Schwarzenegger gunning to run the entire...
Now that the Clinton Administration's phony budget numbers are in, and the Republicans' phony budget numbers are being prepared, the verdict is also in. Both parties are reaching the same phony con...
A simple flat tax is still the rage at the top of corporate America. In a new FORTUNE poll, 66% of some 200 CEOs picked a 17% flat tax over such radical reform alternatives as a national sales tax,...
As Newt Gingrich and his cohorts in the House race to implement their Contract with America, their ambitious promise to cut taxes and spending while balancing the budget by the year 2002 seems to b...
Everyone knows about proposed middle-class tax cuts--but that's small change compared with other reforms brewing on Capitol Hill. The way you pay taxes may soon be radically altered, with the basis...
Economists and tax gurus have long dreamed of a simple, broad-based tax on consumption to encourage saving, investment, competitiveness, and, yes, jobs. But the leading candidate, a value-added tax...
Fortune: Deficit talk-talkupdated: Mon Mar 28 1988 00:01:00
First, Treasury Secretary James A. Baker told Congress that tax increases were not necessary to shrink the U.S. budget deficit. The next day Federal Reserve Board Chairman Alan Greenspan said they ...
BUSINESS LEADERS once entertained hopes that the Republican Senate would reverse some of the distinctly antibusiness aspects of tax reform. Those hopes have faded fast. Says John M. Albertine, outg...
WASHINGTON has become the permanent front in corporate America's takeover wars. As Unocal and Mesa Petroleum Chairman T. Boone Pickens Jr., CBS and TV entrepreneur Ted Turner, and other opposing fo...
HOSTILE TAKEOVERS, always a subject of high contention, have become one of the hottest issues in Washington, on Wall Street, and in boardrooms across the U.S. Corporate chieftains, lawyers, investm...
THE MAKING AND SELLING of economic policy during the first six months of Ronald Reagan's first term seemed as smooth as a Chopin waltz. The first six months of his second term have sounded more lik...
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