During a speech in Ohio Wednesday, President Obama bashed GOP Candidate Mitt Romney, saying “the ones running for President [are] proposing budgets that shower the wealthiest Americans with even more tax cuts.”  (:16) [Audio clip: view full post to listen]

House Budget Committee Chairman Paul Ryan (R-Wis.) accused his counterpart in the Senate of shirking his responsibility to put forth a budget plan that can be marked up and passed through the committee process.

By Lily Benitez De Luna The Simpson-Bowles budget was obstructed by the House with a crushing defeat of 382-38 votes. The plan has been in the works since 2010 but it wasn’t until late Wednesday that Congress voted on it for the first time. House Democratic Leader Nancy Pelosi (Calif.)…

House Minority Leader Nancy Pelosi (D-Calif.) says the reason she voted against the Simpson-Bowles budget late Wednesday afternoon was because the budget was a “caricature” of President Obama’s budget. (:18)   [Audio clip: view full post to listen]

Celebrity real estate mogul-turned-television personality Donald Trump does not believe that Paul Ryan’s latest budget plan is a political winner for the GOP.

By Lily Benitez De Luna Democratic Members of Congress wasted no time unleashing a wave of criticism toward Rep. Paul Ryan’s (R-Wis.) budget. Rep. John Larson (D-Conn.) said in a news conference today that the newly unveiled financial plan is solely “deja vu,” referencing the controversy surrounding Ryan’s first budget…

House Budget Committee Chairman Paul Ryan says he’s confident that the Republican candidates for president will support his 2013 budget blueprint.

Speaker John Boehner (R-Oh.) tells reporters that the House is “continuing to work with our members on the budget … to show the American people a way forward to fiscal sanity.” He notes that the deficits projected by the White House are unacceptable. (:33) [Audio clip: view full post to…

President Obama’s claims of spending discipline are just plain false. The President proposes to increase annual spending from $3.8-trillion a year today to $5.8-trillion ten years from now.

President Obama officially released his 2013 budget plan on Monday, and while most of what he proposed is unlikely to be passed by Congress, it’s important nonetheless to take a close look at some key numbers within the plan.