Washington (CNN) - It's got a bookish sounding name - "chained CPI." The President's decision to drop the financial measure from his upcoming budget, after including it in his proposal last year, sparked sharp political reaction here Thursday.
Why is that such a big deal?
For those scratching their heads, three reasons: the fight over workers and retirement, the fight over the deficit and the fight over who is Barack Obama.
Washington (CNN) - While warning there is much more to be done to get to a healthy economy, National Economic Council Director Gene Sperling said, "I would still be cautiously optimistic that the general notion is that there are positive trends in the economy."
Sperling said that he believes data that has been coming out about the economy weakening, including slow housing starts, will probably turn out to be weather related. But he did concede that while the economy is on the right track it is, "not good enough," adding that the country "needs stronger growth."
Washington (CNNMoney) - The House on Tuesday passed a bill to restore pension increases for some 750,000 military retirees.
The House voted 326 to 90 to undo cuts to cost-of-living hikes for military pensions for all current retirees and anyone who enlisted before Jan. 1. The Senate is expected to vote Wednesday.FULL STORY
(CNN) - President Barack Obama signed into law on Friday a $1.1 trillion spending bill that will fund the government through the end of September.
The massive bipartisan legislation broke years of forced budget cuts and constant fights over funding in Congress.
Updated 7:46 p.m. ET, 1/16/2014
(CNN) – The Senate on Thursday easily passed a $1.1 trillion spending bill to fund the government through September and sent it to President Barack Obama, a notable departure from chronic, partisan-fueled budget battles in recent years that included the government shutdown last October.
The decisive vote, 72-to-26, concluded congressional action that for the first time since 2012 determined federal spending agency by agency instead of through temporary stopgap measures that spotlighted the divisiveness in Washington.
Washington (CNN) – Congressional negotiators are closing in on one of the most important policy decisions of the year – how to divvy up roughly $1 trillion in government funds, but they may be running out of time to get a bill through Congress by the January 15 funding deadline, according to Republican and Democratic sources.
Instead, those sources confirm that Congress may need to pass a temporary one or two-day funding bill to keep the government running next week.
Washington (CNN) – 2013 ended with Congress reaching a deal on funding the government without all the end-of-the-year drama that we've come to expect. Democrats and Republicans defied the recent all-or-nothing gamesmanship and brokered a budget deal before its deadline, prompting speculation that maybe, just maybe, dogs and cats can live together.
Here are five things on both President Barack Obama's and Congress' agendas that will show pretty quickly whether breaking the partisan logjam in the capital is possible or just a fantasy.
(CNN) - Senators were bracing once again Thursday for an overnight session as an ugly standoff over presidential nominations continued between the parties.
If it happens, it would be the third all-nighter in the last two weeks, a reflection of the lack of cooperation in the chamber since the majority Democrats forced through new rules limiting filibusters over the objections of minority Republicans.FULL STORY
New York (CNNMoney) -- House Budget Chairman Paul Ryan and Senate Minority Leader Mitch McConnell said this week that Republicans will demand something in exchange for an increase in the debt ceiling early next year.
The White House, meanwhile, said it won't negotiate on the issue.FULL STORY
Washington (CNN) -- When Republican Rep. Paul Ryan and Democratic Sen. Patty Murray held a news conference - together - to announce that they reached a deal on the federal budget, the ideological opposites received immediate praise for their cooperation.
And they reached their agreement that would avert a potential government shutdown in January just two days before the Congressionally imposed deadline for doing so.FULL STORY