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Stories tagged: Government finance


  • Texas’ Perry indicted for coercion for veto threat

    AUSTIN, Texas (AP) — A grand jury indicted Texas Gov. Rick Perry on Friday for abusing the powers of his office by carrying out a threat to veto funding for …


  • Congress misses deadline for averting shutdown

    WASHINGTON (AP) — Congress has missed the deadline for averting the first partial government shutdown in 17 years. As the clock struck midnight Monday, House Republicans were demanding that the …


  • Obama earned less in 2012, pays $112k in taxes

    WASHINGTON — President Barack Obama made less in 2012 than in any other year since taking office, with about 40 percent of the nearly $609,000 in income that he and …


  • Hagel defends proposed cuts in defense spending

    WASHINGTON (AP) — Defense Secretary Chuck Hagel is defending President Barack Obama’s proposed cuts to the military as the Pentagon faces deficit-driven smaller budgets. Hagel told the House Armed Services …


  • Senate gives pre-dawn OK to Democratic budget

    WASHINGTON (AP) — An exhausted Senate gave pre-dawn approval Saturday to a Democratic $3.7 trillion budget for next year that embraces nearly $1 trillion in tax increases over the coming …


  • Cypriot lawmakers reject deposits seizure bill

    NICOSIA, Cyprus (AP) — Cypriot lawmakers on Tuesday rejected a critical draft bill that would have seized part of people’s bank deposits in order to qualify for a vital international …


  • 10 Things to Know for Today

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. BENEDICT’S LAST DAY AS POPE


  • THURSDAY, JAN. 31, 2013, 2:29 P.M.

    Congress sends bill to Obama averting govt default

    WASHINGTON — Congress sent President Barack Obama drama-free legislation on Thursday raising the debt ceiling, averting a government default and putting off the next tax-and-spending clash between the White House …


  • THURSDAY, DEC. 20, 2012, 8:42 A.M.

    House GOP plans vote on fiscal cliff ‘Plan B’

    WASHINGTON (AP) — The Republican-controlled House pushed ahead Thursday with a bill that would raise taxes on people earning over $1 million a year as hopes faded for a pre-Christmas …


  • WEDNESDAY, DEC. 19, 2012, 11:54 P.M.

    House GOP plans vote on fiscal cliff ‘Plan B’

    WASHINGTON (AP) — The GOP-controlled House is moving ahead Thursday on a bill that would raise taxes on people earning over $1 million a year, sparing most workers from a …


  • Obama, Boehner clash as cliff edge approaches

    WASHINGTON (AP) — Fiscal cliff talks at a partisan standoff, President Barack Obama and House Speaker John Boehner swapped barbed political charges on Wednesday yet carefully left room for further …


  • IRS: 100M taxpayers face delays without AMT fix

    WASHINGTON (AP) — Up to 100 million taxpayers — about two-thirds of all filers — won’t be able to file their 2012 tax returns until late March if Congress doesn’t …


  • Will cigarette makers jump into pot market?

    SPOKANE, Wash. (AP) — Will the Marlboro Man light up a joint soon? The states of Washington and Colorado legalized possession of small amounts of recreational marijuana in the November …


  • WEDNESDAY, DEC. 19, 2012, 9:49 A.M.

    Obama: He and Boehner ‘pretty close’ to a deal

    WASHINGTON (AP) — Optimistic despite a tightening deadline, President Barack Obama said Wednesday he and House Speaker John Boehner are “pretty close” to a grand fiscal deal to avoid a …


  • White House threatens veto of GOP budget plan

    WASHINGTON (AP) — The White House threatened Wednesday to veto House Speaker John Boehner’s backup plan for averting the “fiscal cliff,” saying it was time for Republicans to stop political …


  • Benghazi review finds systematic security faults

    WASHINGTON (AP) — An independent panel charged with investigating the deadly Sept. 11 attack in Libya that killed a U.S. ambassador and three other Americans has concluded that systematic management …


  • White House defends offer as ‘good faith effort’

    WASHINGTON (AP) — The White House is defending President Barack Obama’s proposal to set a higher threshold for tax increases than what he vowed to do during his presidential campaign. …


  • Fiscal cliff efforts ongoing, Boehner offers plan

    WASHINGTON (AP) — President Barack Obama and House Speaker John Boehner pushed ahead on negotiating a broad deal to avert the “fiscal cliff,” even as the GOP leader readied a …


  • Boehner to pursue backup bill to avert tax hikes

    WASHINGTON (AP) — House Speaker John Boehner said Tuesday that he is readying a backup bill aimed at averting the “fiscal cliff” because President Barack Obama has yet to offer …


  • Dems signal Obama flexibility on spending in talks

    WASHINGTON (AP) — Republican House Speaker John Boehner is offering to let taxes rise on wealthy Americans’ investment income and dividends as part of a deal to avert the “fiscal …


  • Movement seen in ‘fiscal cliff’ talks

    WASHINGTON (AP) — President Barack Obama and House Speaker John Boehner met at the White House on Monday in hopes of continuing to make progress on a plan to deal …


  • AP source: Boehner offers millionaire tax hike

    WASHINGTON (AP) — Signaling new movement in “fiscal cliff” talks, House Speaker John Boehner has proposed raising the top rate for earners making more than $1 million, a person familiar …


  • Time for Plan B on ‘fiscal cliff?’

    WASHINGTON (AP) — It’s beginning to look like it’s time for Plan B on the “fiscal cliff.” With talks between President Barack Obama and House Speaker John Boehner apparently stalled, …


  • $4 trillion no magical cure for debt problem

    WASHINGTON (AP) — President Barack Obama has proposed saving more than $4 trillion over the next decade in his “fiscal cliff” talks with Republicans. House Speaker John Boehner has offered …


  • Narrow ‘fiscal cliff’ bargain gains currency

    WASHINGTON (AP) — Hopes dimming for a wide-ranging bargain, the White House and many congressional Republicans are setting their sights on a more modest deal that would extend current tax …


  • ‘Cliff’ crash may clear way for deal in January

    WASHINGTON (AP) — To get to “yes” on a “fiscal cliff” accord, Congress and the White House first might have to get to “no.” That is, an impasse that sends …


  • Night talks: Obama, Boehner meet on ‘fiscal cliff’

    WASHINGTON (AP) — Face to face with time running short, President Barack Obama and Republican House Speaker John Boehner negotiated at the White House on Thursday night in what aides …


  • Fiscal cliff splits big, small businesses on taxes

    WASHINGTON (AP) — The “fiscal cliff” debate is splitting the business community over taxes, driving a wedge between two natural Republican allies: the nation’s corporate leaders who are helping strengthen …


  • No budging as fiscal cliff talks appear stalled

    WASHINGTON (AP) — Republicans aren’t budging on tax rates, and Democrats are resisting steps like raising the eligibility age for Medicare. Negotiations on averting a year-end fiscal train wreck combining …


  • Fiscal cliff talks intense; Obama and Boehner talk

    WASHINGTON (AP) — Despite an intensifying pace, little progress is being reported in talks on averting automatic spending cuts and tax increases that economists fear could send the U.S. economy …


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