Tamara Keith

Wisconsin Rep. Paul Ryan's House GOP budget balances in a decade and re-shapes Medicare. That is, it would if the measure passed by the House on Thursday ever became law — which it won't.

Washington Sen. Patty Murray's Democratic budget raises almost $1 trillion in taxes by closing loopholes and ...

The House has begun debate on its budget resolution, with a vote expected later this week. And as supporters talk about this budget, there's one comparison you hear a lot.

House Speaker John Boehner, R-Ohio: "Every family in America has to balance their budget. Washington should, too."

Rep. Scott Garrett, ...

In the ongoing Washington budget battles, one word gets more of a workout than most: balanced.

This single word illustrates the vast distance between the parties. Democrats and Republicans are working from very different definitions of the term in discussing their budget proposals being unveiled this week.

What Democrats are ...

Like the famous cherry blossoms forecast to bloom in a few weeks, this time of year is also marked by the arrival of competing, partisan federal budget proposals that political foes immediately declare dead-on-arrival, though not so dead that they can't be used as campaign fodder.

Rep. Paul Ryan (R-WI) ...

Earlier, we broke down a statement that President Obama has repeated about the sequester. As we continue trying to decipher the messaging war over the mandated budget cuts scheduled to kick in Friday, we now take a look at the political talking points of House Speaker John Boehner, ...

If you're confused about who owns the sequester, what it means and what it will do, you have lots of company.

In Washington, the key players can't even agree on what's at stake, much less find a way to stop the automatic government spending cuts set to begin Friday.

In ...

President Obama and congressional Republicans have been trying to negotiate a deal to avert the automatic tax hikes and spending cuts known as the "fiscal cliff." But what happens Jan...

As House Speaker John Boehner tries to work with President Obama to prevent automatic tax increases and spending cuts, he is taking heat from members of his own party. Some conservati...

The tax code has long favored investment income over the money you get in your paycheck. But today's rates on dividends and capital gains are especially low, dating to tax cuts instal...

It's now widely agreed that steering away from the fiscal cliff — the combination of spending cuts and tax increases set to hit at the start of the year — will require some combinatio...

JPMorgan Chase's $2 billion loss in a risky investment brings attention to the presidential candidates' stances on financial regulation. President Obama supported the Dodd-Frank act, ...

Mitt Romney's tax returns show he pays an effective rate of just under 15 percent. His father, George, paid two to three times that rate. What one family's changing tax burden reveals...

President Obama is scheduled Monday to release his proposed federal budget for the fiscal year that starts Oct. 1. House Republican leaders are likely to release their version in the ...

House Republicans are rejecting a bipartisan compromise approved overwhelmingly by the Senate Saturday. The deal would have extended the payroll tax holiday and unemployment benefits through February.