House Minority Leader Nancy Pelosi, D-Calif., rounded out the super committee by announcing her three House Democratic members for the special bipartisan board. Now the tough work begins: reducing the deficit by at least another $1.5 trillion over 10 years, and as far as the financial markets are concerned, the sooner the reduction is announced, the better.
President Barack Obama distanced himself from a deeply divided U.S. Congress on Thursday, pledging to deliver fresh ideas to create jobs and slamming lawmakers for "bickering" that gets in the way of recovery.
With the appointment of nine of 12 members, the "super committee" charged with reducing the budget deficit by at least another $1.5 trillion is taking shape. The body could help stabilize the financial markets by announcing a ?quick-start? agreement on additional debt reduction.
With markets reeling, and the economic expansion far from self-sustaining, the pressure will be on Congress? new 'super committee' to cut the budget deficit substantially -- by more than the $1.5 trillion called for ? to calm investors.
U.S. Secretary of Education Arne Duncan will bypass Congress in exempting some states from a central provision of the No Child Left Behind law in exchange for those states adopting some of the Obama administration's education reform priorities.
The United States Postal Service is bleeding cash and nearing default. The post office is asking Congress for help.
The U.S. Post Office is warning it could default on payments to the federal government if Congress does not step in with help.
Disgusted with a U.S. debt deal battle that had the nation teetering on the edge of default, Americans registered their highest ever disapproval rating for Congress and said the focus needs to shift from deficit reduction to generating jobs.
Congressional leaders struck a deal on Thursday to resolve a partisan dispute and end a partial shutdown of the Federal Aviation Administration that has halted airport projects and threatened thousands of jobs.
A record 82 percent of Americans say that they disapprove of the way Congress is doing its job, compared with 14 percent who approve, according to a New York Times/CBS News public opinion poll published on Thursday.
Disapproval of Congress rose to an all-time high after weeks of rancorous partisan battles over raising the U.S. debt ceiling took the country to the brink of default, according a New York Times/CBS News public opinion poll published on Thursday.
Congressional leaders struck a deal on Thursday to resolve a partisan dispute and end a partial shutdown of the Federal Aviation Administration that has halted airport projects and threatened thousands of jobs.
In the largest one-day hike in history, U.S. Government debt shot up to $239 billion.
It is not known where she has gone for surgery
The U.S. Postal Service, like much of the U.S. Government these days, is in belt-tightening mode. What's that mean for your local post office?
"Austerity" and "balance the federal budget" are the dominant themes in today's Washington political culture. Name a wasteful, inefficient federal program and that's a program this Congress may zero-in on for elimination...unless it's a U.S. post office.
Congress buried the specter of a U.S. debt default by finally passing a deficit-cutting package on Tuesday, but uncertainties lingered over a possible painful downgrade of the top-notch American credit rating.
Stocks dropped on Tuesday on worries about a possible downgrade of the United States' top credit rating and signs of economic weakness even as Congress passed a bill to avoid a debt default.
Gabrielle Giffords returned to the House of Representatives to cast her vote on the historic debt-limit bill in Washington.
U.S. Congresswoman Gabrielle Giffords reminded Washington and the rest of America and watching world that yes, miracles do happen. Her arrival on the scene to cast a vote for the debt-limit bill came at just the right moment.
Turning a new page in her post-shooting life, U.S. Congresswoman Gabrielle Giffords attended Congress last night to take part in the voting on the debt deal.
The Congressional Budget Office's (CBO) estimate that the deal deal will cut the deficit by at least $2.1 trillion may not only save the debt deal -- it may save the nation's two, major political parties.
