Congress
  • Biden's Gang of 7: Last Best Hope for a Budget Deal

    By Jennifer Depaul, The Fiscal Times

    Amid signs of a possible break in the stalemate between the Obama administration and Republicans over federal spending, a newly formed “Gang of Seven” gathered at the Blair House Thursday morning to...

  • The Deficit Deal that Lowers the Debt Ceiling

    Former Sen. Phil Gramm of Texas, who pioneered the Gramm-Rudman-Hollings law aimed at forcing Congress to try to balance the budget, offered advice to Congress on how to go about creating as new...

  • Ryan Optimistic on Debt Ceiling Negotiations

    By JOHN ELLIS, Business Insider

    The National Journal's Ron Brownstein has the latest on the debt ceiling negotiations. Rep. Paul Ryan (R-WI), chairman of the House Budget Committee, said today he was “relatively optimistic”...

  • “Gang of Six” Budget Talks Stall

    By Lori Montgomery Wp and Philip Rucker, The Washington Post

    A bipartisan effort to rein in the national debt stalled Tuesday, as members of the Senate’s so-called Gang of Six signaled that an agreement is unlikely to come this week in time for the start of...

  • Debt Ceiling Announcement Provokes Democrats

    Some Democratic lawmakers returning to the Capitol this week were piqued by Treasury Secretary Timothy Geithner’s announcement that a surge in revenues had delayed the debt crisis by nearly a month.