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Feb 18, 2011

House nears Fiscal 2011 spending-cut debate end

WASHINGTON (Reuters) – The House of Representatives will try to pass a Republican budget bill on Friday to keep the government running through September with spending cuts of at least $61.5 billion, which Senate Democrats have vowed to block.

Now in its fourth day of debate on a bill aimed at trimming a projected $1.65 trillion deficit in fiscal 2011, which ends on September 30, the House still had more than 100 amendments to plow through before staging a vote on passage.

Feb 18, 2011

US House poised to pass Republican spending cuts

WASHINGTON, Feb 17 (Reuters) – The Republican-controlled
U.S. House of Representatives on Thursday was poised to approve
deep spending cuts for this year, setting the stage for a
battle with the Democratic-run Senate that could lead to a
government shutdown.

The House debated the spending measure, which cuts some
$61.5 billion from current levels, well into the night
Thursday. The House was expected to vote on passage of the bill
on Friday, sending it to the Senate.

Feb 17, 2011
via Tales from the Trail

Who to blame for a U.S. government shutdown?

Photo

Never mind that it hasn’t happened yet. Lawmakers want to make sure everyone knows who is responsible if  it does.

If  the  U.S. Congress deadlocks over spending for the rest of this fiscal year and forces a shutdown of government services when the money runs out on March 4, who will be to blame?

Feb 14, 2011

Facts and fiction gloss up U.S. presidents’ budgets

WASHINGTON, Feb 14 (Reuters) – Every U.S. president does it
– plays with the numbers in their annual budgets to make them
add up to meet policy goals and to put a nicer gloss on a bad
situation.

In the case of the 2012 budget blueprint, President Barack
Obama submitted to Congress on Monday, he plans to reduce a
budget deficit that is projected to account for 11 percent of
the entire U.S. economy this year to just 3 percent in 2015.

Feb 10, 2011

Medicare chief says health law working

WASHINGTON (Reuters) – President Barack Obama’s chief of health programs for the elderly and poor on Thursday said the year-old healthcare overhaul was reducing Medicare costs and called a push by congressional Republicans to repeal the law unfortunate.

Medicare and Medicaid services administrator Donald Berwick, appearing before a congressional panel, rebuffed Republican claims that the law would raise costs for people enrolled in Medicare Advantage (MA), which uses private insurance providers such as Humana Inc and UnitedHealth Group Inc, to deliver benefits.

Feb 3, 2011

Senate rejects bid to repeal healthcare law

WASHINGTON (Reuters) – President Barack Obama’s fellow Democrats in the Senate blocked a Republican bid on Wednesday to repeal his healthcare overhaul, a year-old law whose ultimate fate likely rests with the U.S. Supreme Court.

On a party-line vote of 51-47, the Senate rejected a Republican measure to rescind the law that aims to provide more than 30 million uninsured Americans with medical coverage while requiring nearly all to be insured or pay a fine. Sixty votes were needed to clear a procedural hurdle against repeal.

Feb 2, 2011

Senate expected to block health law repeal bid

WASHINGTON (Reuters) – Senate Democrats said they had enough votes to block a Republican bid on Wednesday to repeal President Barack Obama’s healthcare overhaul, likely leaving the law’s fate to the U.S. Supreme Court.

Senate Democratic leaders said they would stop a Republican measure to rescind the law that aims to provide more than 30 million uninsured Americans with medical coverage while requiring nearly all to be insured or pay a fine.

Feb 1, 2011

Senate Republicans push health law repeal

WASHINGTON (Reuters) – Republicans moved on Tuesday to force a U.S. Senate vote to repeal President Barack Obama’s healthcare overhaul — a day after a federal judge ruled that the law was unconstitutional.

Obama’s fellow Democrats in the Senate were expected to block the bid, which was made as a Republican amendment to an unrelated federal aviation bill.

Jan 26, 2011

Republican Ryan vows to cut spending and debt

WASHINGTON (Reuters) – Americans are justifiably skeptical of members of both political parties, particularly when it comes to spending, U.S. House of Representatives Budget Committee Chairman Paul Ryan said on Tuesday.

In remarks prepared for delivery as the official Republican response to President Barack Obama’s State of the Union Address, Ryan vowed to draft a budget that shows his party intends to “do things differently” and cut federal spending, reduce the U.S. debt and create jobs.

Jan 20, 2011

U.S. House Republicans launch healthcare law push

WASHINGTON, Jan 20 (Reuters) – Republicans in the U.S.
House of Representatives on Thursday launched a plan to replace
President Barack Obama’s healthcare overhaul “branch by branch”
with measures they say would bring down soaring costs.

“The tree is rotten, you cut it down. If we can’t cut it
down and succeed doing that all at once, we’ll prune it branch
by branch,” said House Ways and Means Committee Chairman Dave
Camp.

    • About Donna

      "Washington congressional correspondent specializing in economics, taxes and budget issues. Covered the healthcare reform legislation and President George W. Bush's push to overhaul Social Security. Also covered the savings and loan crisis and spent time covering the White House during President Bill Clinton's administration. Covered trade and Federal Reserve policy as well."
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