#Congress

Spurred by a Thursday deadline to avoid risking a federal default, Senate leaders said yesterday that they were finally making progress towards a bipartisan agreement to raise the federal debt limit and end the government shutdown.Reports this morning, however, said…

Worried and frustrated by Washington’s latest fiscal fights, a panel of experts on the federal budget last week faulted elected officials in both parties for irresponsibility, inflexibility and, in some cases, lack of common sense.The situation led former senator Sam…

Lawmakers struggling with the Fiscal 2014 budget could face an even tougher challenge funding the government in the future as interest payments rise to record levels, squeezing other parts of the budget and making it more difficult to hold down…

The federal shutdown over the 2014 budget continues amid growing concern among economists, investors, business executives, foreign leaders and others that Washington is also deadlocking over the federal debt limit -- raising the possibility that financial markets could fall sharply…

The federal government began a partial shutdown today because it lacked a budget for the new fiscal year, raising concerns about whether Washington has become so dysfunctional that it might also fail to raise the federal debt limit before the…

With a possible government shutdown less than a week away, Republicans and Democrats still seem to be on a collision course over the budget for Fiscal 2014. In addition, today Treasury Secretary Jack Lew warned congressional leaders that unless the…

While a bill authorizing military action against Syria has been put on hold while diplomatic options are pursued, that country’s use of chemical weapons has raised additional questions about the impact of the budget sequester on the U.S. military.Some members…

The Congressional Budget Office has released new long-term projections that show why Washington must work towards comprehensive fiscal reforms even though the federal deficit has fallen sharply this year.“We’ve had some good short-term news on the deficit this year, but…