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Europe's struggling economies have faced the question without fully answering it in recent years, but the United States is on track to do both. Projections unveiled this week by the Congressional Budget Office indicate the US deficit will shrink more
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Ask around the White House and the Capitol, and you will quickly find reasons to doubt that Republicans will compromise with President Obama on a budget deal that includes more tax increases and spending cuts in entitlement programs...Because
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CBO 's numbers show that even with Congress gridlocked, the budget picture is improving, thanks in large part to spending cuts negotiated over the last two years that are beginning to kick in, along with tax increases lawmakers negotiated at the
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The Tea Party freshman senator from Texas, Ted Cruz (R-Texas), has wasted no time in pushing the envelope with Democrats and his own party to make a name for himself, but he might not like the name he ends up with, since the word “bully&
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President Barack Obama speaks at the Planned Parenthood National Conference at the Marriott Wardman Park Hotel in Washington April 26, 2013. President Barack Obama chided Republicans on Saturday for approving a plan to ease air-traffic delays caused
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Republicans may have defeated Democrats' first stab at raising taxes on corporations and the rich this week, but that doesn't mean tax increases are out of the picture. There's plenty of time left for a compromise before the June 30 deadline for
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The House vote was the most recent iteration in a game of fiscal chess between Governor Deval Patrick and legislative leaders. After Patrick stumped for a $1.9 billion tax increase to bankroll transportation and education spending, House Speaker
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FoxNews.com Voters say it is more important to continue funding Social Security and Medicare at their current levels than to reduce the federal deficit. Yet more than half also think tax increases should not be considered during the current round of
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First the Republican-led House approved a federal budget that's heavy on spending cuts. Then the Democratic-controlled Senate approved one that leans more toward tax increases. Then at last, President Barack Obama put out his own budget plan, two
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Liberals' loud objections to White House proposals for slowing the growth of huge social programs make it clear that neither political party puts a high priority on reducing the deficit, despite much talk to the contrary. For years, House Republicans
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