Ever since they took control of the House of Representatives in 2011, Republicans have made journeys to the fiscal brink as commonplace as summertime visits to the beach or the ballpark.
On March 1, the $85 billion collection of budget cuts known as the sequester could wipe out federal programs at such varied places as national parks, the Pentagon and the FBI. Hidden among those cuts are reductions in services that are crucial to Americans' everyday lives -- education, health care and jobs. The Guardian tells us what to expect.
The Defense Department announced Friday that it has begun firing most of its 46,000 temporary personnel in advance of automatic budget cuts of about $50 billion that are expected in March.
A prolonged confrontation over the nation's debt ceiling -- unlike the "fiscal cliff," which provoked many scary headlines -- could truly be grave for both America and the world.
“Despite such terminology as ‘fiscal cliff’ and ‘debt ceiling,’ ” writes Sen. Bernie Sanders, I-Vt., “the great debate taking place in Washington now has relatively little to do with financial issues. It is all about ideology.”
A look at the day's political happenings, including Gabrielle Giffords' new PAC, Elizabeth Warren admonishing AIG and Nate Silver talking politics and data analysis on Reddit.
A look at the day's political happenings, including President Obama's picks to round out his national security team, Hillary Clinton's first day back at work since suffering a concussion and Donald Trump running his mouth again.
Just because the fiscal cliff may have been averted--at least for now--doesn't mean all the economic issues and problems facing this country have magically disappeared along with the manufactured crisis.
Truthdig Editor-in-Chief Robert Scheer and the other "Left, Right & Center" panelists consider the fiscal cliff deal and the issues it left untouched: the debt ceiling and the threat of “reform” to social services. They also dissect the re-election of John Boehner as speaker of the House as well as the FTC’s decision on Google and antitrust and anti-competition laws.
“The fiscal cliff deal, approved by Congress on New Year's Day, eliminates most of the more than $1.4 billion in remaining funding from the federal health law for new nonprofit, customer-owned health plans designed to compete against the major for-profit insurers,” reports MedPage Today.