By Sean Higgins | 12/11/13 04:30 PM
AFL-CIO President Richard Trumka called the proposed budget deal by Rep. Paul Ryan, R-Wis., and Sen. Patty Murray, D-Wash., woefully inadequate, but did not specifically call on lawmakers to flat-out reject the bill. In a statement Wednesday, Trumka said the deal "provides temporary relief...
By Paul Bedard | 12/11/13 04:29 PM
Add conservative Utah Sen. Mike Lee to the growing list of those condemning the House-Senate budget compromise. Lee said he worries that the deal will make “government more expensive” and even less efficient. His statement: WASHINGTON – Today, Senator Lee released the following...
By Paul Bedard | 12/11/13 03:35 PM
The influential Americans for Tax Reform has come out strongly against the new airline security fee included in the House-Senate budget compromise, demanding instead that the TSA be farmed out to a private company, saving some of the $8 billion taxpayers spend to protect airports. “We are...
By David M. Drucker | 12/11/13 12:25 PM
House Republicans briefed on a two-year, $2 trillion budget compromise predicted Wednesday that the legislation would clear the GOP-run chamber in a vote later this week, though Democrats will have to deliver a sizable bloc of votes for it.
By Philip Klein | 12/11/13 12:19 PM
During the intra-conservative movement fight over whether to allow the the government to shut down in an effort to force President Obama to defund his health care law, I argued that the disagreements on the right were more tactical than substantive. But the disagreements over the proposed deal...
By Associated Press | 12/11/13 11:02 AM
A leading congressional deficit hawk says a bipartisan budget agreement hammered out on Capitol Hill is mostly a patch-work approach that fails to address wasteful spending that is contributing to a ballooning federal debt. Republican Sen. Tom Coburn of Oklahoma says the accord announced by...
By Bloomberg News | 12/11/13 10:23 AM
Treasuries ended a three-day advance amid speculation a U.S. budget agreement will support the economy and make it easier for the Federal Reserve to start reducing bond purchases.
By Paul Bedard | 12/11/13 10:14 AM
Sen. Rand Paul, a likely 2016 GOP presidential candidate, has rejected the House-Senate budget compromise, comparing the delay in deficit-cutting to Wimpy’s line in the old Popeye cartoons: “I'll gladly pay you Tuesday for a hamburger today.” “There is a recurring theme in Washington...
By Associated Press | 12/11/13 10:03 AM
Financial markets were sluggish Wednesday as an apparent budget deal in the U.S. Congress failed to divert attention from investors' primary focus — will the Federal Reserve reduce its monthly stimulus next week?
By Mark Tapscott | 12/11/13 09:49 AM
There are two ways of looking at the deal announced Tuesday night by House Budget Committee Chairman Paul Ryan and Senate Budget Committee Chairman Patty Murray. Either the deal — which rolls back the 2011 sequestration budget ceiling by increasing federal spending from $967 billion to...
By Philip Klein | 12/11/13
By David Freddoso | 12/12/13
By Paul Bedard | 12/12/13
By Noemie Emery | 12/11/13
By Meghashyam Mali | 12/11/13