A variety of spending cuts and tax increases take effect shortly after the debt ceiling is expected to be reached, potentially

So what's wrong with the debt ceiling deal? The deal and the misguided first-blush reaction to it are evidence, if more is

"Now, you don't have the benefit of fast-track authority at that point," the official added, referencing the procedural powers

Reid and House Minority Leader Nancy Pelosi (D-Calif.) headed to the White House to discuss the state of play with President

Requiring passage of the balanced budget amendment "got a lot of votes," Rep. Mo Brooks (R-Ala.) said after a GOP conference

Getting a bill through the Senate -- which could be done, potentially, as early as Monday afternoon -- is only half the battle

The viability of the House GOP debt plan, proposed by Speaker John Boehner (R-Ohio), was in doubt on Thursday evening, after

WASHINGTON -- House Minority Whip Steny Hoyer (D-Md.) on Wednesday night became the highest ranking Democratic leader to

If it passes in the House, the Senate plans to take it up immediately after, Reid announced on the floor on Thursday. "It

"I am convinced that whatever discussions about the legality of that can continue," Clyburn said. "But I believe that something

The Cut, Cap and Balance Coalition claims Boehner's plan violates all three conditions. Finally, the fact that Boehner's

WASHINGTON -- A powerful coalition that includes Tea Party members of Congress rejected a debt ceiling offer from House Speaker

Joseph Bretell, a spokesman for the coalition, told The Huffington Post he wouldn't speak for individual lawmakers, but that

Leaders from both chambers and parties are meeting with the administration nearly every day to work out a deal, after meetings

The president's fiscal commission has argued that the ratio should be set at 3:1. Already, however, a 5:1 ratio ($2 trillion

In addition to major spending cuts, the House GOP also has pushed for major changes to Medicare, including those laid out