New York (CNNMoney) - The annual deficit has fallen 32% over the first seven months of this fiscal year compared with same period last year, according to Congressional Budget Office figures released Tuesday.
A major reason: A big jump in tax revenue.FULL STORY
(CNN) – Sen. Bob Corker on Sunday joined a few other Senate Republicans who say they're open to raising revenues as part of a deal on deficit reduction, adding there is a chance such an agreement could work.
House Speaker John Boehner, meanwhile, continued to maintain that increased tax revenue would not be part of the deficit reduction picture and sounded less hopeful on the idea of a "grand bargain."
(CNN) – The U.S. Secret Service told CNN Thursday that the plan to end all White House public tours beginning March 9 will help the agency save $74,000 per week.
This accounts for the costs of paying 37 uniformed officers $50 an hour for 40 hours a week to secure the tour’s route through the White House East Wing.
Washington (CNN) – President Barack Obama's approval rating appears to be edging down.
A new CNN Poll of Polls, which averages the most recent non-partisan, live operator, national surveys on the president's approval rating, puts Obama's approval at 48% approval, with 45% saying they disapprove of the job he's doing in the White House. That 48% approval rating is down four points from a CNN Polls of Polls from mid-February which had the president at 52%.
Washington (CNN) – Congress returned to work Monday on the first weekday of forced spending cuts, with President Barack Obama and Republicans sticking to deeply entrenched positions that have caused a series of showdowns manufactured by Washington politics.
Most predicted impacts of the $85 billion in cuts that took effect on Friday - such as unpaid furloughs for government workers - won't be evident until April at the earliest, officials say.FULL STORY
Washington (CNN) - As the impact of the forced spending cuts begins to kick in around the country, the blame game for who is responsible for the so-called "sequester" is filtering into Congressional campaigns on the web. House Republicans are running web banner ads criticizing 20 House Democrats who represent swing districts for not stopping what they call "Obama's sequester."
The House GOP's campaign arm cites these Democrats' opposition to the Republican plan to replace the across-the-board cuts as equivalent to backing the cuts.
(CNN) - As Washington moved on to the next fiscal battle, House Speaker John Boehner sounded optimistic about the prospect of passing a measure by March 27 that would continue funding the government and avoid a shutdown.
"The president this morning agreed that we should not have any talk of a government shutdown," Boehner said in an interview that was taped Friday and aired Sunday on NBC's "Meet the Press." "So I'm hopeful that the House and Senate will be able to work through this."
(CNN) - House Speaker John Boehner says he doesn't know if the forced spending cuts that began taking effect Friday will actually have a negative impact, although he argued in a recent op-ed that the sequester would threaten "U.S. national security, thousands of jobs and more."
"I don't know whether it's going to hurt the economy or not," he said in an interview that aired Sunday. "I don't think anyone quite understands how the sequester is really going to work."
(CNN) - One day after ordering $85 billion in automatic, across-the-board spending cuts to go into effect, President Barack Obama was on the phone with members of both parties Saturday, trying to find the "bipartisan compromise that we need to get out of this," said Gene Sperling, the president's senior economic aide.
"He's reaching out to Democrats who understand we have to make serious progress on long-term entitlement reform, and Republicans who realize if we have that type of entitlement reform, they'd be willing to have tax reform that raises revenues to lower the deficit," Sperling said Sunday on CNN's "State of the Union."