Speaker John Boehner
Sequestration day has arrived in Washington, D.C. and by 11:59 Friday night, the White House will be forced to order across-the-board, indiscriminate budget cuts in European-style austerity that could plunge the United States back into recession.
While much of the focus with the ongoing austerity crisis on Capitol Hill has been overall tax rates, both President Barack Obama and Republican Speaker of the House John Boehner have agreed on one tax principle: ending the payroll tax holiday.
President Barack Obama cut his vacation short Wednesday and returned to Washington to continue negotiations on the rapidly approaching fiscal cliff. But, even with that move, a growing number of Americans believe no deal will be reached and the blame is falling on the GOP.
For the 31st in 18 months, U.S. House Republicans will hold another symbolic vote to repeal the Affordable Care Act.
Millions of students like the University of Miami’s Joseph LeDonne could graduate with even more debt if Congress allows the interest rate on federal student loans to double on July 1st.
A high-stakes standoff in Congress could end up with thousands of Floridians losing money in their paycheck and hitting first-time home buyers in the area.