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federal budget - Page 2

Win McNamee, Getty Images
Win McNamee, Getty Images
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Shutdown and Debt Crisis Hurting Economy Bigtime [AUDIO]

As Washington wrestles with a solution to a stalemate, shutdown and crisis, the economy is feeling the squeeze as the clock ticks on the deadline for debt default.

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Congress
Mark Wilson, Getty Images
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House Cancels Tuesday Night on Budget Bill

Time growing desperately short, Senate leaders took command of efforts to avert a Treasury default and end the partial government shutdown Tuesday night after a last big attempt by House Republicans abruptly collapsed.

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House Speaker John Boehner (R-OH) (L) and House Majority Whip Kevin McCarthy (R-CA) walk to a Republican caucus meeting at the U.S. Capitol,
House Speaker John Boehner (R-OH) (L) and House Majority Whip Kevin McCarthy (R-CA) walk to a Republican caucus meeting at the U.S. Capitol (Mark Wilson/Getty Images)
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House GOP Unveils Bill To Counter Senate Debt Plan [VIDEO]

Their backs against the wall, House GOP leaders scrambled Tuesday to forge a plan to counter an emerging bipartisan Senate deal to reopen the government and forestall a default on U.S. obligations.

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(L-R) U.S. Senate Minority Whip Sen. John Cornyn (R-TX), Senate Minority Leader Mitch McConnell (R-KY), and Sen. John Barrasso (R-WY) walk from McConnell's office to the Senate Chamber
(L-R) U.S. Senate Minority Whip Sen. John Cornyn (R-TX), Senate Minority Leader Mitch McConnell (R-KY), and Sen. John Barrasso (R-WY) walk from McConnell's office to the Senate Chamber (Andrew Burton/Getty Images)
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Senators Closing In On Deal To Reopen Government [VIDEO]

Senate leaders are closing in on an agreement to reopen the government and forestall an economy-rattling default on U.S. obligations.

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Senate Minority Leader Mitch McConnell (R-KY)
Andrew Burton, Getty Images
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Reid, McConnell Optimistic On Debt-Shutdown Deal [VIDEO]

After weeks of stubborn gridlock, the Senate's top two leaders raced to reach an agreement Monday that could head off a first-ever U.S. Treasury default threatened for midweek and end the 14-day partial government shutdown.

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Obama, Congressional Leaders To Meet Monday

President Barack Obama will meet with bipartisan congressional leaders at the White House Monday afternoon but says a default is a good possibility while Senate leaders say they are close to a deal.

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New York Stock Exchange
Spencer Platt, Getty Images
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Stocks Fall As Budget Talks Falter In Washington [VIDEO]

Stocks are opening lower on Wall Street after a breakdown in budget talks brought the nation closer to a potentially disastrous default on its debt.

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Senate Majority Leader Harry Reid (D-NV) leaves the Capitol building
Senate Majority Leader Harry Reid (D-NV) leaves the Capitol building (Andrew Burton/Getty Images)
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Default Looming, Day 14 Of Shutdown, No Solution

The United States moved perilously closer to an economy-rattling default and a partial government shutdown entered its third week as Senate Democratic and Republican leaders remained at odds over spending in their last-ditch negotiations to end the crises gripping the nation.

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Senate Majority Leader Harry Reid (D-NV) leaves the Capitol building
Senate Majority Leader Harry Reid (D-NV) leaves the Capitol building (Andrew Burton/Getty Images)
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Reid, McConnell Still At Odds Over Budget [VIDEO]

Senate leaders hit a snag today in their efforts to end a political stalemate that has idled over 350,000 federal workers and presented the country with the threat of a debt default.

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A woman cheers at a rally centered around reopening national memorials closed by the government shutdown, supported by military veterans, Tea Party activists and Republicans
A woman cheers at a rally centered around reopening national memorials closed by the government shutdown, supported by military veterans, Tea Party activists and Republicans (Andrew Burton/Getty Images)
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Senate goes into Sunday session

Members of the Senate are working today, and a floor session is scheduled even as the party leaders work behind the scenes on proposals for ending a budget stalemate that has left the government partially closed for a 13th day.

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