Debt ceiling resolved, for now

Debt ceiling resolved, for now

Congress sealed a deal Wednesday night to end the partial government shutdown and raise the nationā€™s debt ceiling for the near term. President Obama signed the bill, after the House voted 285 to 144, to re-open the government, fund operations through January 15, 2014, and raise the borrowing limit through February 7. Although bill opponents

Congress faced with dueling budget proposals

Congress faced with dueling budget proposals

While the House this week approved a budget plan for FY 2014, the Senate continues to debate a starkly different proposal. As the budget process progresses, neither plan is likely to garner bipartisan approval, but the proposals illustrate the differences between the two political parties. Not surprisingly, long-term deficit reduction is a priority in both

Three deadlines shaping the budget debate

Three deadlines shaping the budget debate

The current budget debate on Capitol Hill is being shaped by several events in the next few months including raising the debt ceiling, the debate on sequestration, and the expiration of a continuing resolution to fund the government. March 1 A March 1, 2013 deadline is set for action on $1.2 trillion in automatic spending