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.
The last-minute budget deal President Barack Obama and congressional leaders struck to avert a government shutdown paves the way for what Republicans promised on Saturday will be more spending fights to come.
President Barack Obama and congressional leaders struck a last-minute budget deal on Friday to narrowly avert a government shutdown that would have hit the economy and idled hundreds of thousands of workers.
President Barack Obama and congressional leaders reached a last-minute budget deal on Friday, averting a government shutdown.
President Barack Obama and congressional leaders reached a last-minute budget deal on Friday, averting a government shutdown that would have idled hundreds of thousands of federal workers.
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.
The House of Representatives voted on Friday to reject Internet neutrality rules that were adopted last year to keep big Internet service providers from blocking certain traffic
The federal budget shutdown may actually happen for the first time since 1996.
With a midnight deadline approaching, the White House and Congress scrambled on Friday to break a budget impasse that threatens to shut down the government and idle thousands of federal workers.
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.
Facing a midnight deadline, the White House and Congress worked furiously on Friday to break a budget deadlock and avoid a federal government shutdown, after President Barack Obama and congressional leaders failed to reach a deal in late-night talks.
U.S. stock index futures rose on Friday, led by energy and material stocks, as optimism about increased economic demand pushed commodity prices higher.
The Donald is on a roll. A week of frenetic attack on President Barack Obama has earned Donald Trump the second spot in a list of possible Republican presidential candidates in 2012.
In a new turn of events, the current week saw some of the biggest political, economic and social changes in recent times.
Stock index futures pointed to a higher open on Wall Street on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.3-0.4 percent.
President Barack Obama and congressional leaders failed to reach a deal to avert a government shutdown but narrowed their differences on Thursday in their struggle to overcome a bitter budget deadlock.
President Barack Obama and leaders in the U.S. Congress will attempt to reach a spending-cut deal that would avert a dangerous government shutdown at week's end.
President Barack Obama and congressional leaders struggled on Thursday to overcome a bitter budget dispute and head off a government shutdown that would idle hundreds of thousands of workers.
The Republican-led U.S. House of Representatives on Thursday defied a White House veto threat and passed a bill by a vote of 247 to 181 that would keep the government running for another week -- on the condition of $12 billion in spending cuts.
President Barack Obama's warning that a government shutdown might prevent many Americans from obtaining a mortgage may be more of a negotiating tactic than reality.
With time running out, an ideological fight in the Congress over abortion and environmental issues threatened on Thursday to derail an agreement to avert a government shutdown.
