During a meeting convened Tuesday, Sen. Tom Coburn suggested that his fellow conservative Republicans should consider letting Bush-era tax cuts expire on the wealthy in exchange for entitlement reform promises. A couple conservative senators in on the GOP steering committee seemed open to the idea. But it was generally met...
If you thought President Obama was drawing a hard line on taxes, that’s nothing compared to the line he seemed ready to draw on lifting the debt ceiling. Obama warned Republicans that he wouldn’t let the debt ceiling be dragged into current negotiations over tax and deficit policy. LIMIT CONGRESS’...
The Washington Post reported that the Obama administration cut contract spending by more than $20 billion during fiscal 2012, largely by increasing coordination between agencies - buying together instead of independently. Contracts accounted for about 14% of all federal government spending during the past cycle, representing the lowest level since...
As talks to avert the fiscal cliff continue, the Pentagon announced it is beginning to plan for sequestration, which would cut $55 billion from the defense budget next year. Wednesday's about-face, after months of insisting it would not plan for the looming cuts in hopes they could be avoided, came...
Fresh off spending hundreds of millions of dollars in the 2012 election, Crossroads GPS, the nonprofit sister organization to the American Crossroads super PAC, began running ads this week accusing Obama of supporting major tax increases while forgoing significant spending cuts. The weeklong, $500,000 ad buy, which will run on...
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