The agreement passed in Congress to prevent a U.S. default will allow extreme budget cuts to continue until January, the deadline for the next debt deal. The nation
President Barack Obama is pushing Congress to avert automatic spending cuts that are set to be implemented March 1. "These cuts are not smart, they are not fair, they
For the third time in recent months, the government faces possible shutdown as the Senate and House face off over emergency funding. Emergency aid coffers were depleted following
In a last minute compromise plan, the U.S. Senate crossed-over the 60-vote threshold that would raise the U.S. debt ceiling and impose new spending cuts over the next
