The deal reached by Congress to raise the debt ceiling and cut more than $2 trillion in public spending should have only a minor impact on the economy for the next two years. Almost all the cuts would be made in 2014 or beyond.
As the debt ceiling talks enter what is hopefully their final stage, MainStreet looks at several bills proposed this year that could help consumers and that Congress should turn its attention to next.
People around the country had a range of reactions to the agreement hammered out Sunday by the president and top lawmakers, but mild disappointment with an occasional touch of sympathy were about as positive as they got.
The U.S. economy expanded at a meager 1.3% annual rate in the spring after scarcely growing at all in the first three months of the year, the Commerce Department said Friday.
Demoralized House Republicans are trying for a third straight day Friday to pass a bill on raising the country's borrowing authority that has almost no chance of surviving the Senate.
The White House released a graphic this week that compares President Bush and President Obama’s policies in a effort to reveal just who’s to blame for our country’s outstanding deficit.
As the deadline ticks nearer for a default on U.S. debt, small-business officials find cause for hope and alarm.
While the economy is definitely still on the ropes, many of the media's warnings may be overblown, says one money expert.
President Barack Obama and congressional leaders on Monday emerged still deeply divided over how to slash the nation's debt, with reality sinking in that even a middle-ground proposal was not big enough to succeed and would not get through Congress anyway.
Among problems spotted by the GAO: Many leave money on the table by collecting Social Security benefits before they max out.