Washington (CNN) – Three days before forced spending cuts portrayed by most as an economic body blow, President Barack Obama and Republican rivals relied on spin versus substance Tuesday in trying to prod a deeply divided Congress into action to avert the harshest impacts.
Obama headed to military country in Virginia, where local residents will bear the brunt of mandatory cuts to defense spending, for a campaign-style event intended to highlight the negative situation.FULL STORY
Washington (CNN) – The economy is expanding again, Federal Reserve Chairman Ben Bernanke told Congress Tuesday, but he warned that what lawmakers do about the looming forced budget cuts could slow the upward trend.
The economy has picked up after an unexpected fourth quarter 2012 when growth was close to zero, he said in his twice-a-year report on monetary policy.FULL STORY
(CNN) – House Speaker John Boehner had some choice words Tuesday for his colleagues in the Senate over the forced spending cuts set to begin Friday.
Boehner, known for his at-times colorful language, said the House won't move a budget bill until the Senate "gets off their ass and begins to do something."
(CNN) – Republican Gov. Nikki Haley of South Carolina blew off some steam Monday, criticizing lawmakers in Washington for letting partisan bickering get in the way of balancing the budget.
"I could not be more frustrated than I am right now. How many more times are the governors going to have to pick up the mess of Washington DC?" she said at a press conference in the nation's capital for the Republican Governors Association.
(CNN) – In his latest push to pressure Congress before a series of massive, across-the-board forced spending cuts kick in on Friday, President Barack Obama is bringing state governors into the conversation.
The president spoke Monday morning before the National Governors Association at the White House, where he urged the state executives to weigh in on the matter.
New York (CNNMoney) - Chances are slim that Congress will avert the automatic spending cuts before they take effect on Friday. It's more likely lawmakers will reach a deal to replace the cuts after they begin.
But there's no telling when.
Funding for numerous federal agencies and programs will be slashed, half from defense and half from nondefense spending.FULL STORY
(CNN) - In another plea for congressional action, President Barack Obama on Saturday warned of the pitfalls should a series of automatic, across-the-board spending cuts go into effect late next week.
The president faulted Republicans for not acting and urged lawmakers to avert the crisis by drawing up a deficit-reduction plan that has both spending cuts and revenue.
(CNN) – A new survey shows that a majority of Americans want Congress to stop the looming forced spending cuts from going into effect next week.
Fifty-four percent want Congress to delay the cuts, while 40% say the government should go ahead and allow the cuts to kick in, according to a Bloomberg News poll released Thursday.
Washington (CNN) – Pain from forced spending cuts is a week away and lawmakers are preparing their aides for the fallout that could hit them like other government workers.
"We've actually budgeted with a 10% cut in mind," Rep. Cheri Bustos, D-Illinois, told CNN last week.FULL STORY
(CNN) - As the nation braces for the required spending cuts set to take effect in next week, CNN Chief Political Analyst Gloria Borger talks about how this is Groundhog Day.
The White House and congressional Republicans have continually kicked the can down the road when it comes to trying to deal with the nation’s deficit. As we have seen many times in the past few years, will Washington reach a deal when faced with the immediate deadline?