For Obama, Budget Fight Has High Stakes for Agenda

President Obama & BP crop

WASHINGTON – For President Barack Obama, the outcome of the fiscal fights with Republicans this week could have broad consequences for his stalled second-term agenda. A favorable deal for the White House that ends the partial government shutdown and lifts the debt ceiling could give Obama an opening to try to marginalize tea party lawmakers […]

How Sequester Budget Cuts Could Affect You

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WASHINGTON – Automatic spending cuts that took effect last Friday are expected to touch a wide range of government services. Some examples: TRANSPORTATION People arriving on international flights were said to experience delays at airport customs and immigration booths, including at Los Angeles International and O’Hare International in Chicago. Officials said Monday that’s because they […]

Democrats to Unveil Bill to Replace Budget Cuts

Sen. Majority Leader Reid

WASHINGTON — President Barack Obama’s Democratic allies in the Senate are unveiling legislation to avoid a looming set of sharp, across-the-board spending cuts set to strike the Pentagon and domestic agencies in just two weeks. The measure would impose a minimum tax rate on million-dollar incomes and replace the automatic cuts, known as a sequester […]

Next Budget Showdown Could Lead to More Cuts

Barack Obama Budget

WASHINGTON – After blinking during in a New Year’s Day showdown with President Obama that could have triggered across-the-board spending cuts and significant tax increases, Republicans are poised to seek deep cuts in spending that would violate the “balanced” approach to the deficit that the president has advocated. In an interview Sunday on ABC’s “This […]