As Congress faces a fast-approaching deadline on passing a federal spending bill, Republican lawmakers are reviving a Tea Party-backed plan with a catchy title that they claim could balance the budget.
President Obama vows to sign bill aimed at easing flight delays triggered by sequester cuts.
The Senate voted unanimously to approve funding to put air traffic controllers back to work.
Senate and White House explore moves to ease FAA furloughs currently slowing down air traffic.
President Obama Wants to Donate 5% of His Salary to Show Solidarity with Americans Affected by Sequester...
President Obama will return 5 percent of his salary to the U.S. Treasury when other federal workers are being furloughed as part of the mandatory budget cuts that took effect earlier this year.
The sequester may soon impact small businesses around military bases.
After closing the doors to public tours in an effort to save money, White House officials haven't yet said if sequester cuts will result in furloughs or layoffs for its senior staffers.
Fight over spending cuts continues.
In his first interview since losing the 2012 presidential election, former Massachusetts Governor Mitt Romney criticized President Obama's early second-term performance and told Fox News Sunday that he's still very much stung by his defeat.
The sequester, another name for federal spending cuts, is set to take effect at midnight.
Eighty-five billion dollars will be slashed from the defense and domestic spending.
It means U.S. military installations, just like Sheppard Air Force Base, will have to make adjustments.
Mechell Dixon was on base this afternoon and has more on the impact.
Here's a look at how many jobs could be affected at Sheppard Air Force Base from the sequester.
Massive spending cuts will move forward.
Sequester cuts set to take effect.
Massive spending cuts set to take effect tomorrow.
The automatic federal funding cuts -- known as the "sequester" -- are set to go into effect on Friday, and the White House recently detailed how much funding each state will lose if Congress does not reach an agreement by the end of the week.
Echoing the frustration of lawmakers throughout Washington hoping for a last-minute swerve to avoid impending budget cuts, House Speaker John Boehner used some PG-13 phraseology Tuesday to urge the Senate to action.
Mandatory spending cuts could result in major roadblocks for travelers.
Spending cuts will be felt far from Washington.
Every day that passes without a deficit-cutting deal makes it more likely that the federal government will be forced into its first "sequester" in nearly 30 years, a problem of politicians' own making that could suck billions of dollars out of the economy.