Tag: Budgets and Deficits

House Speaker John Boehner of Ohio meets with reporters on e Capitol Hill in Washington, Wednesday, Feb. 26, 2014, following a Republican caucus. When asked about House Ways and Means Committee Chairman Rep. Dave Camp, R-Mich., and his plan to release a rewrite of the nation's tax code later today, Boehner distanced himself from the details and wouldn't promise a House vote on the plan this year. (AP Photo/J. Scott Applewhite)

John Boehner open to GOP tax reform plan but won’t commit to 2014 vote

Susan Ferrechio · February 26, 2014 5:00 am

House Ways and Means Committee Chairman Rep. Dave Camp, R-Mich., the House tax writer, speaks with reporters on Capitol Hill in Washington, Wednesday, Feb. 26, 2014, to outline a major plan to rewrite the nation's tax code. The plan has almost no chance of becoming law this year says Senate Republican leader Mitch McConnell, and even House Speaker John Boehner, R-Ohio, distanced himself from the details earlier in the day. (AP Photo/J. Scott Applewhite)

House GOP tax reform proposal ‘encouraging,’ says White House

Meghashyam Mali · February 26, 2014 5:00 am

House Ways and Means Committee Chairman Rep. Dave Camp, R-Mich., leaves the podium after a news conference on Capitol Hill in Washington on Wednesday, during which he outlined a major plan to rewrite the nation's tax codes. (AP Photo/J. Scott Applewhite)

GOP tax plan creates two brackets, lowers rates and eliminates loopholes

Susan Ferrechio · February 26, 2014 5:00 am

President Barack Obama speaks at Union Depot in St. Paul, Minn., Wednesday, Feb. 26, 2014, about a $300 billion transportation infrastructure plan. Obama spoke at Union Depot rail and bus station with a proposal asking Congress for $300 billion to update the nation's roads and railways, and about a competition to encourage investments to create jobs and restore infrastructure as part of the President's Year of Action. (AP Photo/Jacquelyn Martin)

Obama: Stimulus ‘actually worked’

Meghashyam Mali · February 26, 2014 5:00 am

âYou take the unions out of Democratic politics and you will see a lot less Democrats elected because they supply the money and the manpower,â said Mallory Factor, author of Shadowbosses, a study on union political spending.

Energy and Environment

Tax plan from GOP Ways and Means chairman Dave Camp spells trouble for oil and gas industry

Zack Colman · February 26, 2014 5:00 am

Defense Secretary Chuck Hagel briefs reporters at the Pentagon on Monday. (AP Photo/Carolyn Kaster)

National Security

Senate Republicans vow to block Chuck Hagel’s military cuts

Susan Ferrechio · February 26, 2014 5:00 am

In this May 22, 2013 photo provided by the U.S. Department of Agriculture, a queen Italian honeybee, the large bee just left of center, is surrounded on an apiary nest in Washington, D.C. The USDA hopes to help honeybees by providing $3 million to farmers and ranchers in five states to improve their pastures. It turns out that dairy cows and bees like many of the same plants. (AP Photo/USDA, Lance Cheung)

Energy and Environment

USDA spending $3M to feed honeybees in Midwest

M.L. JOHNSON · February 25, 2014 9:54 pm

Defense Secretary Chuck Hagel briefs reporters at the Pentagon, Monday, Feb. 24, 2014, where he recommended shrinking the Army to its smallest size since the buildup to U.S. involvement in World War II in an effort to balance postwar defense needs with budget realities. (AP Photo/Carolyn Kaster)

National Security

Congress skeptical about plan to shrink military

Bradley Klapper · February 25, 2014 11:41 am

New Jersey Gov. Chris Christie delivers his budget address for fiscal year 2015 to the state legislature on Feb. 25 at the Statehouse in Trenton, New Jersey. The $34.4 billion state budget proposes increased spending for schools and health care, and also includes the largest-ever payment to the public worker pension fund. (Photo by Jeff Zelevansky/Getty Images)

Chris Christie proposes largest budget in New Jersey history on costs

Bloomberg News · February 25, 2014 5:00 am

An election-year plan by House Republicans to simplify the tax code would cut income tax rates but impose a new surtax on some high-income families. (Thinkstock Image)

GOP tax plan lowers rates, imposes surtax on rich

Stephen Ohlemacher · February 25, 2014 5:00 am

Minority Whip Steny Hoyer, D-Md., said that while he hasn't seen the plan's specifics, "you have to have bipartisan cooperation, you have to have a president engaged and working cooperatively with Congress" before any tax reform bill will become law. (Examiner File/Graeme Jennings)

Steny Hoyer: GOP tax reform effort doomed without Democratic support

Sean Lengell · February 25, 2014 5:00 am

Mitch McConnell, left, blamed the hold up on Senate Majority Leader Harry Reid, D-Nev., and President Obama, who he said are insisting tax reform produce $1 trillion in new revenue. (AP Photo)

Mitch McConnell and Harry Reid pull plug on 2014 tax reform

Susan Ferrechio · February 25, 2014 5:00 am