President Barack Obama proposed tax increases on wealthy individuals and some corporations Monday, setting the stage for an ideological battle that won't be resolved until after the November election - if then.
A U.S. envoy will hold talks with North Korea on its nuclear program in Beijing next week, the first such negotiations since the death of the nation's longtime leader Kim Jong Il.
President Barack Obama's new federal budget showcases the major priorities of his presidency and sets up the top battles that will be waged on both sides in the presidential campaign.
President Barack Obama proposed a $3.8 trillion budget on Monday for fiscal 2013 that aims to slash the deficit by $4 trillion over 10 years but still envisions growth in the government's major health benefit programs. Here is the agency-by-agency breakdown:
President Barack Obama called on Congress Monday to create an $8 billion fund to train community college students for high-growth industries, part of his broader pitch to make higher education more affordable for all Americans.
President Barack Obama is sending Congress his proposed budget for the new fiscal year and traveling to a community college outside the capital to promote the plan.
Movie super spies James Bond and Jason Bourne use them. So do real-life presidential candidate Mitt Romney, who says he pays his taxes, and untold numbers of Americans who don't. Swiss banks and their secretive counterparts around the globe may sound like the exclusive province of the wealthy, the mysterious or the shady, but anybody can legally open an offshore account.
Documents detail the terms of a discounted mortgage loan received by U.S. Rep. Howard McKeon from the now-defunct Countrywide Financial Corp. under a VIP program, according to a published report.
President Barack Obama unveiled a $3.8 trillion spending plan on Monday for 2013 that seeks to achieve $4 trillion in deficit reduction over the next decade but does little to restrain growth in the government's huge health benefit programs, a major cause of future deficits.
Documents detail the terms of a discounted mortgage loan received by U.S. Rep. Howard McKeon from the now-defunct Countrywide Financial Corp. under a VIP program, according to a published report.
