Budget Deal Heads for Likely House Passage
Speaker John Boehner criticized conservative groups for opposing it; Senate Majority Leader Harry Reid said "neither side got everything it wanted."
Medicare, Taxes, Retirement Are Targets in Hearing
Among the proposals was one to change the tax treatment of retirement plans.
Obama’s 2013 Budget Raises Taxes on Top Earners, Bolsters SEC Budget
President Barack Obama on Monday released his 2013 budget to Congress, which includes boosting taxes for higher income earners as well as allocating more funds to the SEC.
Rivlin: Time Is Running Out to Repair Economy
This presidential race is sure to draw sharp divisions on budgetary questions in 2012, but prominent policymakers are hoping a flickering of bipartisanship may keep alight the flame of cross-party cooperation long enough to stave off national financial ruin.
Bowles, Simpson Warning: Deficit Committee Must Cut More Than $1.2 Trillion
The two co-chairmen of the National Commission on Fiscal Responsibility and Reform warned lawmakers on Tuesday that any deal to reduce the federal budget deficit by no more than $1.2 trillion would “merely delay” the nation’s fiscal problems.
Distinguished Group of Former Politicians Calls for Deep Cuts
A bipartisan group of budget experts unveiled a bold plan to curb the deficit and overhaul the tax code Wednesday.
Putnam CEO Reynolds Calls for a 'New Solvency'
Putnam's Reynolds: If the U.S. does not move to a new economic model, the global markets will force change "in ways much more painful than anything" the Deficit Reduction Commission proposed.