Congress, Federal Budget | featured news

An unusual round of golf won't solve the Republican-Democratic budget battles, but it could lead to better relations between the White House and Congress. The president prefers a laid-back round on a Sunday morning.

Congressional negotiators from both parties are set to sit down Thursday afternoon for their latest meeting on deficit reduction with Vice President Biden. The huddle, which begins at 1 p.m. at the Capitol, marks the group’s fifth meeting. On the agenda: the budget process, discretionary spending and the contentious issue of revenue. Here are some things to keep an eye on as the talks convene.

Ratings agency Moody's warned on Thursday it would consider cutting the United States' coveted top-notch credit rating if the White House and Congress do not make progress by mid-July in talks to raise the debt limit.

A senior banking regulator urged Congress to raise the federal debt ceiling to prevent a "calamitous" government debt default.

Republicans intend to stage a vote in the House next week on legislation to raise the nation's debt limit without requiring spending cuts, a measure expected to fail.

Congress approved a $38-billion spending cut package Thursday, sealing a deal to prevent a government shutdown before plunging into an even more far-reaching debate over spending on federal programs and benefits for the years to come.

In the run-up to a vote, Speaker John Boehner predicted Thursday a $38 billion package of spending cuts would clear the House with a bipartisan majority and said it marks a first step in a longer Republican campaign to rein in federal deficits

Despite Republican-led calls to strip funding from NPR, public broadcasting emerged largely unscathed in the federal budget compromise hammered out in Congress over the past week.

With a partial government shutdown just minutes away, President Obama and congressional leaders reached a tentative deal Friday night to cut ...

Garbage will pile up in the streets of the capital, the Statue of Liberty will close and families of soldiers at war could struggle to pay the bills if Congress fails to reach a budget deal and the government shuts down this weekend.