Manchin: Congress wants Bowles-Simpson revival West Virginia Dem says supercommittee must "step aside" if they can't make a deal, pushes for re-introduction of Bowles-Simpson plan
- Manchin: Congress wants Bowles-Simpson revival
West Virginia Dem says supercommittee must "step aside" if they can't make a deal, pushes for re-introduction of Bowles-Simpson plan
Read Full Story » - Amid rancor, debt deal edges toward failure
Supercommittee members blame each other as stalemate over deficit reduction plan continues
Read Full Story » - "Face the Nation" transcript: November 20, 2011
Transcript of CBS News broadcast hosted by Bob Schieffer
Read Full Story » - Toomey: Deficit deal will be "very difficult"
Republican Senator says it's "still possible" for supercommittee to reach deal but that "time is short now"
Read Full Story » - Manchin: Supercommitte must step aside after failure
Sen. Joe Manchin (D-WV) spoke with Bob Schieffer on what will happen if the congressional supercomittee fails to reach an agreement on making spending cuts.
Watch Video » - Supercommittee failure would leave bad choices
Congress will have to either massively increase nation's debt, or cut jobless aid for millions if supercommittee fails
Read Full Story » - Will Gingrich's surge in the polls last?
National Journal's Mark Ambinder, Politico's Jonathan Martin and Time Magazine's Michael Sherer discuss Newt Gingrich with CBS News Political Director John Dickerson
Read Blog » - One week away: Can supercommittee compromise?
Both Democrats and Republicans call on the other side to act in order to reach deal before Thanksgiving deadline
Read Blog » - National debt crosses $15 trillion mark
Public debt crosses $15 trillion milestone; Herman Cain blasts Obama's "immoral" spending policies
Read Blog » - Is Boehner giving up on the supercommittee?
Seemingly losing faith in the congressional deficit panel, the House Speaker may be switching to plan B -- damage control
Read Full Story » - Can supercommittee still "go big" on debt deal?
With time running out for the supercommittee to find 1.2 trillion dollars in savings over the next decade, CBS News Congressional correspondent Nancy Cordes, asked supercommitte member Rep. Chris Van Hollen (D-MD.) if it's too late to "go big" on a deal.
Watch Video » - Obama drops "hands off" supercommittee approach
President Obama phoned both Sen. Patty Murray and Rep. Jeb Hensarling and urged them to reach a deal
Read Blog » - Supercommittee deadline ticking away
Rep. Xavier Becerra tells Nancy Cordes distance remains between Democratic and Republican proposals
Read Blog » - Dem: Without job creation super committee fails
CBS News Congressional correspondent Nancy Cordes spoke with super committee member Rep. Xavier Becerra (D-Calif.) about what the status of negotiations is.
Watch Video » - Is the supercommittee at an impasse?
After reports that Republicans and Democrats haven't met for a week or more, CBS News Congressional correspondent Nancy Cordes checked in on the progress of negotiations in the "super committee" with member Rep. Xavier Becerra (D-Calif.).
Watch Video » - Boehner: Debt deal will include new tax revenues
House Speaker breaks with past insistence that tax increases are off the table in supercommittee negotiations
Read Blog » - Will supercomittee fail the country?
Former White House Chief of Staff and co-chair of President Obama's fiscal commission Erskine Bowles on Tuesday said he's "worried" that the supercommittee would fail to reach a debt deal which could lead to another credit downgrade.
Watch Video » - Is Boehner open to tax increases?
Speaker John Boehner (R-Ohio) said on Thursday the bipartisan supercommittee is having a hard time reaching a consensus to reduce the deficit. Boehner dismissed a recent proposal from Democrats that included cuts and tax increases, but Boehner did not rule out any tax increases saying he's "committed" to reach an outcome.
Watch Video » - Can the supercommittee save the economy?
Bipartisan group of 12 expresses optimism about finding $1.2T budget savings by next month, but ideological differences still stand in the way
Read Blog » - Lobbyists, special interests swarm super committee
With just a month left to make huge budget decisions, super committee members are getting an earful from lobbyists
Read Blog » - VFW to vets: It's time to fight for benefits
Military and veterans' benefits may get reduced in America's deficit battle, prompting VFW to make a "call to action"
Read Full Story » - IRS: Cut our budget, feds lose billions
IRS commissioner warns Congress that proposed cuts to tax agency's budget would greatly worsen service and enforcement
Read Full Story » - GOP urges prevention of defense cuts
GOP calls for "Super Committee" to avoid more defense cuts to reach their $1.2 trillion deficit reduction goal by Nov. 23
Read Blog » - Debt "supercommittee" struggling to agree
Many tracking the progress of the congressional committee tackling the nation's debt have grown pessimistic about its prospects
Read Full Story » - Budget cuts are slowing down U.S. courts
State courts are getting hit as legislators balance budgets, backing up court logs for months on end
Read Full Story » - FEMA funding becoming a disaster
A federal government shutdown looms as lawmakers squabble over budget details, and FEMA may be broke by Wednesday
Read Full Story » - How does the public feel about raising taxes?
Polls show most support raising taxes on those making more than $250k, but data reveals divisions between parties and among Republicans
Read Blog » - Can Obama stay angry until Election Day?
John Dickerson: Obama has been angry before, but he's never been able to stay angry; Will his latest economic plan be any different?
Read Blog » - GOP adviser: "Buffett tax" won't help jobless
Says Obama proposal also fails to deal with future growth of entitlement programs
Read Full Story » - Rich taxed less than secretaries? Maybe not
AP Fact Check: President's claims about millionaires' taxes compared to middle class don't add up
Read Full Story » - Deficits still go up big in Obama's deficit plan
Mark Knoller: Even if Obama's proposed cuts and tax hikes are enacted, the debt would still go up $6.3 trillion over 10 years
Read Blog » - Obama steals thunder from super committee
With Mr. Obama insisting he'll veto Medicare changes not accompanied by higher taxes on millionaires, can the deficit panel make a deal?
Read Blog » - Wall Street protests continue, several arrested
Anti-corporate protest organizers seek to channel Tahrir Square by camping out in New York's Financial District
Read Full Story » - Obama draws battle line over $1.5T in tax hikes
President proposes slashing long-term deficit by $3 trillion, half through tax hikes on rich; GOP claim "class warfare"
Read Full Story » - Obama's $3T deficit plan is half tax hikes
President's plan to cut deficit to include entitlement reform, war savings; Obama threatens veto of tax cuts for rich
Read Full Story » - Defense industry goes on offense over cuts
As the "super committee" strives for $1.2T in savings, the defense industry launched an aggressive campaign to stave off defense cuts
Read Blog » - Obama won't call for Social Security cuts
Ahead of Obama's speech on deficit cutting recommendations, aide says he doesn't believe program is "driver" of near and medium term deficits
Read Blog » - NC crowd loves Obama, but do they love his jobs plan?
President Obama was in Raleigh Tuesday on the campus of North Carolina State University to continue to sell his jobs bill.
Watch Video » - Co-chair: "Super committee" alone won't solve debt crisis
Rep. Jeb Hensarling (R-Tx.) tempers expectations for powerful debt reduction committee
Read Blog » - How big will super committee go on spending cuts?
Rep. Jeb Hensarling (R-Tx.), co-chair of the "super committee," sat down with CBS News Congressional correspondent Nancy Cordes Wednesday for a frank conversation on what cuts the committee can realistically make.
Watch Video » - Erskine Bowles urges "super committee" to go big
In an interview with CBS News Congressional correspondent Nancy Cordes, Erskine Bowles, co-chair of President Obama's National Commission on Fiscal Responsibility and Reform, urged the "super committee" to "go big," and said the members he's spoken to agree.
Watch Video » - Boehner to Cordes: The bigger, the better for debt cmte
In a press conference Tuesday, CBS News Congressional correspondent Nancy Cordes asked Speaker Boehner "how big" the super committee should go with cuts to national debt.
Watch Video » - Obama to send $447B jobs bill to Congress
President will also continue public tour to drum up support in key campaign states
Read Full Story » - Deficit super committee kicks off first meeting
In first meeting of bipartisan committee charged with finding $1.2 trillion in deficit cuts, lawmakers stress compromise
Read Full Story » - Dems on debt supercommittee want to tackle jobs
Special panel charged with reducing debt to hold opening meeting; Democrats say job growth key to reining in deficit
Read Full Story » - Debt supercommittee pols flush with health money
Health industry found to be top donors to most members of congressional panel charged with overhauling spending on programs like Medicare, Medicaid
Read Full Story » - Unpopular and divided, Congress is back
With 87% disapproval rating, scorned lawmakers return to D.C., no closer to compromise on fixing jobs, debt
Read Full Story » - Deficit "super committee" gets to work
With just a few months to come up with a plan for significant budget savings, the congressional deficit "super committee" is getting down to business
Read Blog » - CBO sees unemployment above 8 percent until 2014
Economy remains in a "severe slump," official scorekeeper for Congress says in a blog post
Read Blog » - National debt has increased $4T under Obama
Latest figures by Treasury Department show the most rapid increase in national debt under any U.S. president
Read Blog »
View Photos CBSNews.com takes a look back at 70 years of debt, spending and default in the U.S. budget
View Photos »
