The House has approved a bipartisan budget deal to cut around $23 billion from the federal deficit over 10 years while removing the threat of a possible government shutdown until 2015. A shutdown deadline had loomed for Jan. 15.
President Obama's oft-repeated promise that "if you like your health care plan, you can keep it" is 2013's "lie of the year," according to the fact checkers at the Tampa Bay Times' nonpartisan PolitiFact project.
Unless Congress acts very quickly, some 1.3 million workers will lose their extended jobless benefits on Dec. 28.
Bringing to an end an episode that once again exposed Washington gridlock at its worst, the House approved a Senate deal that will end a 16-day federal government shutdown and avert the first government default in U.S. history.
Senate leaders announced a bipartisan agreement on Wednesday aimed at avoiding a default and restarting the government after House Republicans failed to produce a plan of their own that could pass muster.
It's Day 10 of the partial federal government shutdown, and the big news is a meeting between President Obama and a select group of House Republicans.
The second week of the shutdown is, so far, looking a lot like week one. Even so, here are a few data points that might be worth your attention:
The Treasury Department is issuing a warning of dire economic consequences that could rival the Great Recession if Congress is unable to agree on raising the debt ceiling and the nation defaults on its obligations.
Speaker of the House John Boehner, a Republican from Ohio, stepped out of the White House yesterday after a 90-minute meeting with President Obama and reported no progress.