Washington (CNN) - House Budget Chairman Paul Ryan, R-Wisconsin, will unveil a highly anticipated 2012 Republican budget proposal Tuesday that would cut about $6 trillion over 10 years, according to GOP sources familiar with the document.
The plan, the most detailed economic guidepost for the new House GOP majority, would also mean dramatic changes to those political lightning rods - entitlements.
Washington (CNN) – President Barack Obama has invited congressional leaders for a meeting Tuesday to try to push through a budget deal three days before the deadline to avoid a partial government shutdown, the White House announced Monday.
The meeting comes as Republican and Democratic leaders signaled a continuing stalemate in negotiations on how much to cut government spending for the rest of the current fiscal year, which ends on September 30.FULL STORY
(CNN) – Lawyers for former Illinois Gov. Rod Blagojevich are asking a federal judge to order the government to turn over summaries of a December 2008 FBI interview with then President-elect Barack Obama.
In a motion filed Monday, Blagojevich's lawyer argued that Obama's interview might include information that contradicts witnesses expected to testify at the upcoming retrial for Blagojevich on corruption-related charges.FULL STORY
Washington (CNN) - A frozen pig's foot and a note laced with anti-Semitic rants were sent to Rep. Peter King's Capitol Hill office, a congressional source familiar with the situation confirmed to CNN Monday.
The source said the note included statements such as "evil Jews will return this hoof to Palestine." Neither King nor his aides have seen the package, the source said, because all mail sent to the U.S. Capitol is now screened and the package was intercepted before it went to his office. King's office was notified Monday afternoon.
Washington (CNN) - Likely 2012 Republican presidential candidate Rick Santorum joined the list of White House hopefuls using President Obama's re-election announcement as a platform to voice criticism of the current economic climate under Obama.
"We can't take four more years of the 'change' the Obama Administration has forced upon America," Santorum said in a release Monday. "The only thing that has changed is the amount of our debt, the size of our government, the loss of our freedom, the fewer jobs for those wanting work, the diminished stature of America, and an expensive military commitment without a clear national security purpose."
Washington (CNN) – Make no mistake about it: Monday's re-election announcement by President Obama is about the money.
By filing papers with the Federal Election Commission, the president can begin to fundraise for his re-election campaign. In fact, his campaign has quietly been lining up events across the country for the next few months.FULL STORY
(CNN) - Likely 2012 presidential candidate Newt Gingrich reacted to President Obama's reelection announcement Monday, accusing him of trying to "extort contributions" from supporters.
"Here's a president who 18 months before the election is going to use his office to extort contributions on a scale we've never seen before," Gingrich said in New Hampshire where he addressed the Institute of Politics at St. Anselm College in Manchester. "He's in effect trying to create a Chicago style machine for the whole country with a billion dollars."
Washington (CNN) – Americans are divided over whether President Barack Obama or congressional Republicans would shoulder more of the blame if there's a government shutdown later this week, according to a new national poll.
A Pew Research Center survey released Monday indicates that 39 percent of the public say Republicans in Congress would be more to blame for a shutdown of some government services and offices, with 36 percent saying the Obama administration, and 16 percent saying both sides would shoulder the blame.
NEW YORK (CNNMoney) - Treasury Secretary Timothy Geithner told congressional leaders Monday that he now expects U.S. debt to hit the country's $14.294 trillion debt ceiling "no later than May 16."
"Although these projections could change, we do not believe they are likely to change in a way that would give Congress more time in which to act," Geithner said in a letter.FULL STORY
NEW YORK (CNNMoney) – With just five days left before a government shutdown, federal workers are pressing lawmakers to cut a deal that will keep the government open for business.
The stakes are high. If lawmakers fail to pass some kind of spending bill by the end of Friday, hundreds of thousands of government employees are likely to be furloughed, and their paychecks stopped.FULL STORY