Budget

1:05am

Thu March 7, 2013
It's All Politics

Obama Looks For A Spring Thaw With Congress To Start Melting Deficit

Originally published on Thu March 7, 2013 10:44 am

President Obama speaks to reporters in the White House briefing room on Friday following a meeting with congressional leaders.
Pablo Martinez Monsivais AP

President Obama is hoping for a spring thaw in White House-congressional relations.

The president had dinner Wednesday night with a small group of Republican lawmakers. He's also planning rare visits to Capitol Hill next week to discuss his agenda with both Democrats and Republicans.

Aides say Obama is trying to locate what he calls a "caucus of common sense" in Congress to tackle the country's long-term budget challenges.

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3:57pm

Wed March 6, 2013
The Two-Way

House Gives OK To $982 Billion Short-Term Spending Bill

The House has approved a bill to fund the federal government through the end of September. The $982 billion continuing resolution introduced by Rep. Harold Rogers (R-KY), who heads the Appropriations Committee, would avoid a potential government shutdown on March 27.

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11:36am

Fri March 1, 2013
It's All Politics

5 Dates To Watch In Budget Showdown

Originally published on Fri March 1, 2013 12:06 pm

President Obama speaks to reporters Friday at the White House after he met with congressional leaders regarding the sequester. "Even with these cuts in place, folks all across this country will work hard to make sure that we keep the recovery going," said Obama. "But Washington sure isn't making it easy."
Charles Dharapak AP

Friday's deadline for President Obama to issue a sequestration order is neither the beginning nor the end of this year's budget battles in Washington. Here are five key moments to watch over the next seven months, and what's at stake in each:

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3:08pm

Tue February 19, 2013
It's All Politics

Whose Sequester Is It Anyway?

Originally published on Tue February 19, 2013 4:02 pm

President Obama, accompanied by emergency responders — workers the White House says could be affected if state and local governments lose federal money as a result of budget cuts — speaks in the Eisenhower Executive Office building in Washington on Tuesday.
Charles Dharapak AP

By now, it's widely accepted that indiscriminate spending cuts in defense and domestic programs due to start March 1 are likely to occur owing to the failure of President Obama and the Republican-led House to reach an agreement to avoid the budgetary cleaver.

So now, the contest boils down to each side scampering for the higher ground of moral indignation.

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11:02am

Tue February 19, 2013
The Two-Way

Bowles, Simpson Release New Plan That Cuts Deficit By $2.4 Trillion

Originally published on Tue February 19, 2013 5:00 pm

Co-chairmen of the National Commission on Fiscal Responsibility and Reform, former Sen. Alan Simpson, right, and Erskine Bowles.
Mark Wilson Getty Images

Just as Congress faces another self-imposed fiscal deadline, Erskine Bowles and Alan Simpson, the Democrat and Republican who were charged by the president in 2010 to present a fiscal reform plan, presented a second solution today that seeks to cut the deficit by $2.4 trillion in the next ten years.

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