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‘Super Committee’ membership now complete

House Minority Leader Nancy Pelosi unveiled her choices for the “super committee” Thursday, filling the final seats of the powerful panel with legislators who are almost sure to insist on revenue...

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‘Doomsday’ Defense Cuts Loom Large For ‘super Committee

WASHINGTON — For the dozen lawmakers tasked with producing a deficit-cutting plan, the threatened “doomsday” defense cuts hit close to home. The six Republicans and six Democrats represent states where...

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Biden: I ‘Understand’ China’s One-Child Policy

Vice President Joe Biden has bought himself a controversy boomlet after briefly commenting on China’s draconian one-child-per-family policy without strenuously condemning it, or single-handedly putting...

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During Deficit Talks,Super Committee Members Plan Fundraisers

WASHINGTON — The super committee created by the debt limit deal to plot $1.5 trillion in deficit cuts is set to begin hearings in the next two weeks. Members of the super committee are also set to...

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Congress Gears Up For Fights Over Jobs, Deficit, FAA Funding, Disaster Relief

WASHINGTON (AP) — Congress returns to work this coming week, divided over measures to create jobs and scorned by the nation it was elected to help lead. After a five-week break, Republican and...

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Health care industry lobbyists looking for super committee to fail

(Reuters) – The powerful healthcare industry hopes a congressional “super committee” tasked with slashing America’s debt will fail and is lobbying instead for automatic spending cuts that will kick in...

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Grassroots groups offer plan for $1 trillion in deficit reduction

WASHINGTON — Two grassroots political organizations — one from the right, one from the left — are offering Capitol Hill an entirely different way of looking at deficit reduction. Rather than seeing it...

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Least popular deficit reduction measures pursued by white house, congress,...

WASHINGTON — Congress and the president are set to reduce the federal deficit in the least popular ways possible, according to data from a new Bloomberg News poll. The survey, released Thursday and...

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Obama To Unveil Tax Reform Plan

WASHINGTON — President Barack Obama will propose $1.5 trillion in new taxes as part of a plan to identify more than $3 trillion in long-term deficit reduction and slow the nation’s escalating national...

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Obama unveils deficit reduction plan, ‘buffett rule’ tax on millionaires

WASHINGTON — Drawing clear battle lines for next year’s elections, a combative President Barack Obama on Monday demanded that the richest Americans pay higher taxes to help cut soaring U.S. deficits by...

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