House debating huge debt-limit increase
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Democrats and Republicans clashed over deficits and tax cuts Thursday as Congress moved toward sending President Bush an $800 billion boost in the government&#39;s debt limit.
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Democrats in the U.S. House of Representatives introduced a bill on Friday that would more than double taxes on the pay of managers of private equity funds, hedge funds and other investment partnerships.
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WASHINGTON - In a sharp rebuke of a new administration policy, the House moved Thursday to block the Labor Department from carrying out overtime rules that critics argued could deprive millions of workers of their overtime pay.    The 223-193 vote in favor of blocking the rules defied the White House...
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A bipartisan accord in the House calls for a $150 billion spending plan, including significant tax rebates. But senators may want add-ons.
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Congress is ready to send President Bush an &#36;800 billion debt limit increase, a testament to the massive federal deficits that have marked his administration.
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Republicans in Congress want to significantly tighten regulations to keep people who declare bankruptcy from ducking debts they should be able to settle, but Democrats and physicians' groups argue the move would penalize Americans who go broke because of huge medical bills they can't pay.
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In a letter to Senate Majority Leader Bill Frist, R-Tenn., Snow called on Congress &quot;to increase the debt limit by mid-November, at which time all of our previously used prudent and legal actions to avoid breaching the statutory debt limit will be exhausted
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Unable to extend tax breaks as part of a broad energy bill two months ago, lawmakers are trying to attach some of them to an emergency economic aid package containing rebates for millions of taxpayers.
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With home foreclosures surging, senators on Wednesday examined lending practices that especially hurt minorities and seniors and can heighten the risk of default.
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The US House of Representatives on Thursday prepared to raise the nation&#39;s debt ceiling by $800 billion, taking the new limit to $8.184 trillion.
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A divided Senate approved an &#36;800 billion increase in the federal debt limit Wednesday, a major boost in borrowing that Sen. John Kerry and other Democrats blamed on the fiscal policies of President Bush.
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The U.S. House of Representatives on  Thursday voted to increase the federal credit limit by $800  billion to $8.184 trillion, a move that will allow the measure  to be sent to President Bush for signing into law.
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House Democrats will keep fighting to expand the state-run Children's Health Insurance Program even if they fail Thursday to override President Bush's veto, the speaker of the House said.
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When Democrats blasted Republicans last fall for taking annual congressional pay raises while blocking numerous attempts to raise the minimum wage, it was an effective campaign tactic. Democrats vowed not to accept the annual cost-of-living adjustment until Congress increases the minimum wage.
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Democratic leaders worry they may not have the 60 votes to replace $146B plan passed by House.
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Top House Democrats yesterday proposed one of the most far-reaching changes to tax law in decades that would more than double what managers of private-equity and hedge funds are required to pay.
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A House committee tried to forge a compromise between the parties for and against a planned royalty rate increase set by the Copyright Royalty Rate Board.