The academic debate over whether there is a growth threshold when debt hits 90 percent of GDP appears, well, academic.
One of the most controversial elements of President Obama's 2014 budget is the proposal to reduce future cost-of-living adjustments to Social Security benefits by changing the inflation index.
The U.S. House of Representatives voted Friday to extend a payroll tax holiday for 160 million workers and unemployment benefits for millions of others through the rest of the year...
The Obama administration's 2013 budget proposal will reportedly include a 0.5 percent pay increase for all civilian employees...
Both the House and Senate today approved a payroll tax cut extension after House Republicans finally bowed to pressure from members of their own party and agreed, with minor changes, to allow a vote on a bill that had bipartisan support in the Senate...
And there are changes to the Social Security tax ...
President Obama proposed $1.5 trillion in new taxes this morning, speaking from the Rose Garden at the White House...
President Obama will announce a plan to cut the U.S. federal budget deficit by $3 trillion over the next decade today, which will include a call for $1.5 trillion in tax increases mostly targeting the wealthy...
A look at where we go after the debt deal ...
PIMCO's Bill Gross thinks he has the solutions to help alleviate the burden on investors, the government and others...
80-something hours and counting until Capital Hill fails the American people ...
President Obama spoke today on the current state of deficit-reduction discussions, emphasizing the importance that any plan include new tax revenue in addition to large spending cuts...
Take a look at how the Gang of Six plan will cut $3.7 trillion from the national budget while decreasing taxes...
Speaking at a White House press conference Tuesday afternoon, President Obama backed a $3.7 trillion deficit-reduction plan created by a bipartisan group of Senators known as the "Gang of Six"...
If legislators again fail to reach a budget agreement by Friday, deficit-reduction talks will have to come to a close as President Obama and congressional negotiators focus all of their attention on raising the debt ceiling...