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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...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
The Senate Democrats will propose $975 billion in new taxes over the next 10 years that will be matched by the same amount in spending cuts, according to a report on...
House Republicans plan to cut more than $4.6 trillion in spending over the next decade, resulting in a $7-billion surplus in 2023, according to their 2014 budget .Th...
Former Reagan Economic Advisor Art Laffer and FNC Digital Politics Editor Chris Stirewalt on the budget debate in Washington.
Potomac Research Group Chief Washington Strategist Greg Valliere argues the Democrats fear that President Obama will “sell them out.”
House Budget Committee Chairman Paul Ryan said on Wednesday he will unveil a "no surprises" Republican budget next week that reaches balance in 10 years with only mo...
Former Sen. Scott Brown, (R-Mass.), on the potential sequestration and the need to rein in government spending.
A bill allowing the U.S. government to borrow money beyond its record $16.4 trillion debt limit won final congressional approval on Thursday, clearing the way for Pr...
The Weekly Standard’s Kelly Jane Torrence discusses whether more women in the Senate will lead to better legislation.
Wall Street critic and Senator-elect Elizabeth Warren will join the Senate Banking Committee next year where she is likely to be a loud voice in favor of tight finan...
While Republican leaders in the House of Representatives insist that raising tax rates on the rich is an impossibility, some Republican lawmakers now see it as inevi...
Citigroup Global Head of International Economics Nathan Sheets on the economic uncertainties created by the lack of progress to resolve the fiscal cliff.
FBN’s Lou Dobbs on the budget proposal by Senate Democrats.
The Committee for a Responsible Federal Budget president Maya MacGuineas says that budgets are “political documents,” not realistic signs showing where the government is headed.
WSJ editorial page deputy editor Dan Henninger on the need for lawmakers to come up with a budget plan.
FBN's Rich Edson breaks down Rep. Ryan's budget plan.
Annual U.S. deficits under a new plan from Senate Democrats would be in the $400-600 billion range for much of the next decade, a level they say would allow stronger...
WSJ senior economics writer Steve Moore on Americans’ approval rating of Congress and budget talks. .
FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
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