Spending Cuts, House Republicans | featured news

The emerging legislation stands in sharp contrast to previous occasions when House Republicans used the leverage of a spending deadline to insist on deep spending cuts.

In a sharp turnaround, House Republican leaders Monday dropped a key demand that the cost of extending the payroll tax cut be offset by spending cuts elsewhere in the budget.

House Republicans engineer the defeat of their own proposed $2.4 trillion increase in the debt limit because it did not come accompanied by spending cuts.

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President Obama's deficit-reduction plan “falls short” of targets set by House Republicans and Obama's own fiscal commission and would be unlikely to stabilize borrowing, according to a new independent ...

Struggling to avert a government shutdown, Republicans and Democrats each said Wednesday the other would be to blame if compromise talks on the budget fail to produce an agreement.

Congress and the White House veered toward a fiscal collision on Tuesday as the Obama administration rejected a short-term House Republican demand to cut $12 billion now in exchange for keeping the government open for one more week. At the same time, the Republicans’ budget chairman set forth a longer-range blueprint defining a new era of profoundly smaller government and steep tax cuts for corporations and individuals.

The proposed reductions fall short of the $100 billion in cuts Republicans campaigned for last fall but represent substantial hits to various programs including law enforcement, NASA, the EPA and arts funds.