Barack Obama, Federal Budget | featured news

Most Americans oppose the big spending cuts that many in Washington see as necessary to bring down the budget deficit, a new poll suggests, but they do support one idea for deficit reduction that President Barack Obama has pushed for years — raising taxes on the rich.

It looks like the media is about to have some more fun with Vice President Joe Biden. It appears Biden nodded off during part of President Obama's debt reduction speech today, and had the misfortune of being caught on camera ...

The White House on Monday urged Republicans not to tie an increase in the U.S. debt ceiling to spending cuts and admitted that President Barack Obama's own vote against an increase in 2006 was a "mistake".

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

With a midnight deadline looming, the White House and Congress scrambled on Friday to break a budget impasse that threatens to shut down the U.S. government and idle hundreds of thousands of federal workers.

Struggling to avert a government shutdown, Republicans and Democrats each said Wednesday the other would be to blame if compromise talks on the budget fail to produce an agreement.

Congress and the White House veered toward a fiscal collision on Tuesday as the Obama administration rejected a short-term House Republican demand to cut $12 billion now in exchange for keeping the government open for one more week. At the same time, the Republicans’ budget chairman set forth a longer-range blueprint defining a new era of profoundly smaller government and steep tax cuts for corporations and individuals.

The Republican-controlled House of Representatives was expected to vote on Friday to choke off funds to carry out President Barack Obama's healthcare reform law, intensifying a fight with Democrats over budget cuts and burgeoning deficits.

The president says Egypt is sending 'the right signals' regarding developing democratic systems and is optimistic on U.S. domestic economic issues.

The Obama administration's proposed 2012 budget will include $1.1 trillion in spending cuts over 10 years.