The amount is half what Republicans have demanded, but progress is being made
Israeli Prime Minister signals willingness to create Palestinian state, rejects Hamas as a legitimate negotiating partner and warns of Iranian repression
President Barack Obama's speech at AIPAC (American Israel Public Affairs) Policy Conference as prepared for delivery in Washington DC.
In advance of his White House meeting with Israeli Prime Minister Benjamin Netanyahu Friday, President Barack Obama laid bare his peace plan proposal between Israel and Palestine.
In an attempt to quell the furor over his comments on Medicare and health care, Republican presidential hopeful New Gingrich is now doling out apologies.
Amidst reports that Osama bin Laden was located and killed with the assistance of intelligence gather from detainees at Guantanamo Bay – some of whom were allegedly tortured via waterboarding, among other techniques – a debate is raging over the usefulness of torture.
Senate Minority Leader Mitch McConnell on Tuesday rejected the notion of committing to future budget cuts after the President leaves office as he appointed a fellow Senate Republican to a debt panel to discuss how to reduce the long-term federal deficits.
Sen. Tom Coburn, R-OK on Monday - reacting to a 2 year warning on the nation's pristine credit rating - said Democrats and Republicans needed to reach a deal on cutting the nation's long-term deficits ahead of the November 2012 election, cautioning against waiting for the perfect political moment to tackle the problem.
President Barack Obama's awaited proposal on Wednesday dealing with specific dollar amounts and cuts needed to address the United States' $14.3 trillion debt will contrast with a Republican proposal offered last week by offering a balance that it didn't have, a White House spokesman said.
The Obama Administration is trying to balance keeping spending up in certain areas while cutting federal deficits and may be open to striking a deal with Republicans to raise the debt ceiling above its current $14.3 trillion levels.
With one budget fight behind him, President Barack Obama will offer a long-term plan for deficit reduction this week in preparation for bigger U.S. spending battles ahead, the White House said on Sunday.
The House of Representatives voted on Friday to reject Internet neutrality rules that were adopted last year to keep big Internet service providers from blocking certain traffic
With a government shutdown looming, congressional negotiators plan to meet again on Wednesday but remain billions of dollars apart in their search for a budget deal to keep federal agencies running beyond Friday.
President Barack Obama warned on Tuesday that a federal government shutdown would seriously disrupt the U.S. economy, after Republican and Democratic leaders failed to make headway on a budget deal.
Teams from the Senate and House negotiating a six-month federal budget deal for the remainder of the fiscal year are making 'good progress' even as the rhetorical battle among Republican and Democratic Party leaders rages in a bid to avoid an April 8 shutdown.
Sen. Charles Schumer D-NY took to the Senate floor on Tuesday to press Republicans to compromise on the size of budget cuts they are seeking, while House Speaker John Boehner faulted Democrats by not passing any legislation that funds the federal government until the end of the fiscal year.
Talks on how to approach U.S. corporate tax reform are stirring to life again as Republican House majority leader Eric Cantor backed of push to give multinational companies a break on money imported to the U.S. from their subsidiaries owned in other countries.
Congress averted a partial federal shutdown on Thursday as the Senate voted to pass a three week extension already approved by the House that gives lawmakers time to negotiate a long term deal.
The House of Representatives may vote on Tuesday on the latest stopgap bill to avert a federal government shutdown, with a three-week budget deal brokered by Republicans and Democrats on the table.
In the highly politicized U.S. battle over pensions and health care, leading Republican lawmakers will take the first crack at the long-term financial problems at least by next late next month, according to Rep. Eric Cantor R-VA.
Top House Republicans reacted to President Barack Obama's 2012 budget proposal on Monday, saying that it would destroy jobs and that the President missed a unique opportunity to reduce the federal government's budget deficit, which would rise to $1.65 trillion under the plan.
U.S. lawmakers will consider new health care insurance benefits and the cost of paying for them on Wednesday, as the House heads to a vote on whether to repeal last year's major health care overhaul law.