Topic: U.S. Democratic Party

Obama pushes payroll tax cut after debt panel fails

WASHINGTON (Reuters) - President Barack Obama will challenge the Congress to preserve an expiring payroll tax cut on Tuesday as he travels to New Hampshire to seize the initiative in the wake of a collapsed effort to reduce the nation's budget deficit.With ...

Insight: Super committee had glimpse of elusive compromise

WASHINGTON (Reuters) - It didn't seem like mission impossible just two weeks ago.Inside a private room on the first floor of the U.S. Senate, seven members of Washington's debt "super committee," munching beef jerky and talking taxes, thought for the first time ...

Super committee had one glimpse of elusive compromise

WASHINGTON (Reuters) - It didn't seem like mission impossible just two weeks ago.Inside a private room on the first floor of the Senate, seven members of Washington's debt "super committee," munching beef jerky and talking taxes, thought for the first time a ...

Lawmakers abandon deficit-cutting effort

WASHINGTON (Reuters) - Lawmakers abandoned their high-profile effort to rein in the country's ballooning debt on Monday in a sign that Washington likely will not be able to resolve a dispute over taxes and spending until 2013.The admission of defeat by Republicans ...

Deficit panel failure looms over last gasp talks

WASHINGTON (Reuters) - After months of talks, the high-profile congressional effort to rein in the ballooning U.S. debt is expected to end in failure on Monday with negotiators announcing they could not bridge deep divides over taxes and spending cuts.The Republican and ...

Deficit panel failure looms over last-gasp talks

WASHINGTON (Reuters) - After months of talks, the high-profile congressional effort to rein in the ballooning U.S. debt is expected to end in failure on Monday with negotiators announcing they could not bridge deep divides over taxes and spending cuts to reach ...

Analysis: Fallout from deficit-reduction panel failure

WASHINGTON (Reuters) - The failure of a congressional deficit-cutting "super committee" means the tough work of putting the United States' finances on a stable path will likely have to wait until 2013 at the earliest.Barring some unforeseen development, the Republican and Democratic ...

Debt-reduction panel spirals toward failure

WASHINGTON (Reuters) - A months-long effort to set U.S. finances on a sustainable course appeared likely to end in failure on Monday as lawmakers in Congress were unable to bridge a deep divide over taxes and benefits.Republican and Democratic participants cast doubt ...

Debt-reduction panel careening toward failure

WASHINGTON (Reuters) - The congressional deficit-reduction committee is likely on Monday to concede failure in its efforts to strike a deal, barring an unforeseen breakthrough to bridge deep partisan differences over taxes and spending, congressional aides said.The announcement of failure would come ...

Debt reduction panel remains far apart

WASHINGTON (Reuters) - Members of a congressional deficit-reduction committee voiced little hope on Sunday with no sign of a breakthrough as they headed toward a widely anticipated failure this week in their bid to cut a deal to reduce the U.S. deficit.Lawmakers ...