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Senate Narrowly Passes First Budget in Four Years

The U.S. Senate on Saturday narrowly passed its first federal budget in four years, a move that will usher in a relative lull in Washington's fiscal wars until an anticipated summer showdown over raising the debt ceiling.The budget plan was passed by a 50-49 vote in the Democratic-controlled chamber. Four Democratic senators facing tough re-election campaigns in 2014 joined all the Senate Republicans in opposing the measure, which seeks to raise nearly $1 trillion in new tax revenues by closing some tax breaks for the wealthy.The Senate budget, which reflects Democratic priorities of boosting near-term job growth and preserving social safety net programs, will square off in coming months against a Republican-focused budget passed by the Republican-dominated House of Representatives.Neither of the non-binding blueprints has a chance of passage in the opposing chamber, leaving Congress no closer to resolving deep differences over how to shrink U.S. deficits and grow the economy. But they...

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  6. Why Obama is Choosing Jack Lew

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  8. GOP Lost Its Way?

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  11. Gulf Coast senators to Obama: Ensure BP spill deal is fair

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  1. Democrats Using Creative Accounting in Budget?

    FBN’s Lou Dobbs on the budget proposal by Senate Democrats.

  2. Lew Gets Green Light From Senate Panel

    The Senate Finance Committee on Tuesday backed President Barack Obama's nominee to head the U.S. Treasury, Jack Lew, despite some concerns about his perks from previ...

  3. Lew Being Met With Opposition

    Former Treasury Department TARP advisor Susan Ochs on Treasury Secretary nominee Jack Lew.

  4. Obama's Treasury pick Lew to be grilled on Citi bonus, U.S. debt

    Jack Lew, President Barack Obama's pick to be U.S. treasury secretary, is expected to come under fire for the administration's budget policies and a nearly $1 millio...

  5. ICE Agents Suing Administration Over Deportation Policy

    National ICE Council President Chris Crane on the lawsuit filed by Immigration and Customs Enforcement agents.

  6. Biden to Wrap Up Meeting on Gun Violence

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  7. Graham: Lew Not a Get-Something-Done Guy

    Radio host Michael Graham on the nomination of Jack Lew as Treasury Secretary.

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