Alarm over Japan’s nuclear crisis prompted a slumping stock market to slump some more in a third day of selling.
Tales from the Trail
House Speaker John Boehner, facing somewhat of a revolt in Republican ranks, says “it is not going to be easy” to craft and win passage of a bipartisan deal to cut spending and fund the government for the rest of this fiscal year.
President Barack Obama and members of Congress may soon have added incentive to reach a budget deal and avert a possible government shutdown: their own six-figure salaries.
You’d think the war in Afghanistan would be the sacred cow of federal spending. The Republicans now in charge of the House have always embraced “Support Our Troops” and “Defeat Terrorism” as two of the most serious ”Thou Shalts” of their political playbook.
Minnesota Republican Michele Bachmann, champion-in-chief of the House Tea Party caucus, blames the media for all the recent chatter about her status as a potential presidential candidate.
Tackling huge budget deficits and growing debt is essential for the United States to avoid a financial market crisis that would push interest rates higher and severely damage the U.S. economy, many economists have warned.