Congress
  • Free from Foreign Oil at Last? Not so Fast

    By Merrill Goozner, The Fiscal Times

    The U.S. is on the cusp of an era of domestic energy abundance that could finally end the nation’s dependence on foreign oil, according to some energy industry officials and analysts.

  • The Politics of the “Fiscal Cliff”

    By Bruce Bartlett, The Fiscal Times

    By now, almost everyone knows that under current law a large “fiscal cliff” faces the economy on January 1, as a number of temporary tax cuts expire and automatic spending cuts take effect. The...

  • GOP Senators May Raise Taxes to Avert Defense Cuts

    For the first time, Senate Republicans are signaling they might support raising revenues and fees to help avert deep automatic cuts in the Pentagon budget schedule to take effect beginning early next...

  • Senators urge reform of tariff waiver bill

    By Doug Palmer, Reuters

    WASHINGTON (Reuters) - A bipartisan pair of senators on Wednesday pushed for a vote on an amendment they said would reduce the role of lobbyists in crafting routine trade legislation that faces a...

  • Romney rides big donors to outpace Obama's fundraising

    Romney rides big donors to outpace Obama's fundraising

    By Alina Selyukh and Jeff Mason, Reuters

    WASHINGTON (Reuters) - U.S. Republican presidential candidate Mitt Romney raised $106 million in June, far surpassing President Barack Obama's $71 million haul in the record-setting money race...