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(Image from article: "Senate approves debt-ceiling increase; Obama to sign")

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House ready to OK GOP budget, rejects rival plans

Republicans are ready to ram through the House an election-year, $3.5 trillion budget that showcases their deficit-cutting plan for revamping Medicare and slicing everything from food stamps to transportation while rejecting President Barack Obama's call to raise taxes on the rich....

 

Obama to propose $3 trillion in deficit cuts

Obama to propose $3 trillion in deficit cuts

President Barack Obama will release a plan on Monday calling for more than $3 trillion in deficit cuts over 10 years, with about half of the savings coming from higher taxes on the wealthy and big corporations.

 

Senate approves debt-ceiling increase; Obama to sign

Senate approves debt-ceiling increase; Obama to sign

The Senate gave final approval Tuesday to legislation to raise the nation's debt limit by $2.4 trillion while cutting federal deficits, sending President Obama a hard-fought bipartisan package he was expected to swiftly sign into law.

 

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