Sen. Tom Coburn, R-OK on Monday - reacting to a 2 year warning on the nation's pristine credit rating - said Democrats and Republicans needed to reach a deal on cutting the nation's long-term deficits ahead of the November 2012 election, cautioning against waiting for the perfect political moment to tackle the problem.
Donald Trump's PR campaign has been built around questioning the validity of President Obama's birth certificate. But recently Trump has also broached on foreign policy, adding another angle to his PR campaign.
Treasury Secretary Timothy Geithner's statements on Sunday that Congress will raise the U.S. debt ceiling in the coming months are in line with separate recently-proposed long-term plans by the Democratic and Republican leadership in Congress and the White House to increase the debt by trillions of dollars in the next decade.
President Barack Obama joked about his birthplace on Thursday at a campaign speech in Chicago where he prepared supporters at a fundraiser for a 2012 presidential re-election run.
Congress on Thursday passed a budget that covers the next five and half months, sealing last week's deal to avert a shutdown, with President Barack Obama set to sign it into law.
President Barack Obama on Wednesday proposed spending cuts for the years ahead that are much smaller than the Republican proposal a week ago. Obama called for $2 trillion in reduced spending over the next 12 years. House Republicans last week proposed $5.8 billion in cuts to federal spending over the next 10 years.
President Barack Obama on Wednesday proposed a four-step plan to reduce the federal deficit by $4 trillion over the next 12 years and called on negotiations involving Congress and the White House to begin in May.
President Barack Obama has requested that formal negotiations to begin in May on reducing the long-term U.S. debt as a share of the economy and annual deficits.
President Barack Obama's awaited proposal on Wednesday dealing with specific dollar amounts and cuts needed to address the United States' $14.3 trillion debt will contrast with a Republican proposal offered last week by offering a balance that it didn't have, a White House spokesman said.
The Obama Administration is trying to balance keeping spending up in certain areas while cutting federal deficits and may be open to striking a deal with Republicans to raise the debt ceiling above its current $14.3 trillion levels.
House Speaker John Boehner, fresh off a tightly fought political battle to cut $38.5 billion from the federal budget for the rest of the fiscal year, said he understands President Barack Obama better and says there is a wide ideological gap between them about the role of the federal government.
House Speaker John Boehner on Monday said that the Republican proposal for the 2012 budget leads where the Obama administration failed by taking on challenges facing healthcare, retirement and energy to create jobs.
President Barack Obama will announce later this week deficit reduction targets and a timeline to reach them, White House adviser David Plouffe said on Sunday.
Senate Minority leader Mitch McConnell made historical allusions to the 1995 budget shutdowns on Friday as the current Congress avoided a shutdown of its own by reaching a deal to fund the federal government for the rest of the fiscal year.
A debt ceiling vote and the 2012 budget will be the next major fiscal battles facing the U.S. throughout the rest of 2011, as Washington looks ahead after lawmakers in the House and Senate averted a shutdown in a last hour deal to fund the government for the next six months.
President Barack Obama and congressional leaders reached a last-minute budget deal on Friday, averting a government shutdown.
President Barack Obama and House Speaker John Boehner spoke for several minutes without reaching a resolution early Friday evening, a Republican aide said extending a day of delay on averting a federal shutdown by midnight.
Hitting $1472.50 for US investors today, the Gold Price also rose sharply against the British Pound - hitting its best level since New Year at £900 per ounce - but was in flat against most other major currencies. Silver Prices, in contrast, rose to new multi-decade highs across the board.
Senate Majority Leader Harry Reid told reporters on Friday that negotiators from the House and Senate attempting to avert a government shutdown had agreed to $38 billion in spending cuts for the current fiscal year, but it was unclear what would be done about Republican requests to defund Planned Parenthood and place new restrictions on the Environmental protection agency.
President Barack Obama said late Thursday that the federal government is starting to prepare for a shutdown and is seeking an early morning answer from Congressional negotiators on a possible budget deal.
The Department of Homeland Security will use Facebook, Twitter to send terror alerts to the public.
House Speaker John Boehner and Senate Majority leader Harry Reid expressed disappointment on Thursday after a third round of talks on the federal budget failed to avert a shutdown of the government that would put hundreds of thousands of workers on leave.
