Search results for

Monday was to be the deadline for the Congressional Budget Office to release its analysis of the deficit-cutting proposal the supercommittee is to vote on no later than Wednesday. But there's not even an outline of an agreement.

The financial markets will be keeping an eye on Italy this week. The country is plagued by high debt and rising interest rates, and the new government faces steep fiscal challenges. Italy is a country of small and medium-sized businesses, and the debt crisis is making it much tougher for them to hang on.

Coming as it does now less than a year before the 2012 general election, the failure of the panel to achieve at least $1.2 trillion in deficit reduction means each major political will now be focused on trying to persuade voters its rival party is more responsible for the breakdown.

A video showing an officer methodically spraying pepper spray in the faces of seated protesters has created an uproar. While some say the incident represents a wider problem with the way police confront protesters, Santa Clara University professor Marc Bousquet argues that misses the point.

What happens to a house when a 1-year-old and a 3-year-old get a hold of a 5-pound bag of flour?

Rep. Kevin McCarthy, the No. 3 Republican in the House, has made it clear that he wants President Obama's health overhaul law repealed. But conservative lawmakers in his hometown of Bakersfield, Calif., and elsewhere in the state are expanding insurance coverage for low-income adults.

The failure of the congressional deficit-reduction supercommittee extends fiscal uncertainty and pushes a debate over the Bush-era tax cuts into a presidential election year. Congress could try to reverse automatic budget cuts set for 2013 — but President Obama has already warned against that approach.

After being dragged down by the congressional debate over whether to raise the debt ceiling last summer, the president remained largely silent on the supercommittee. Though the GOP has criticized the president for what they call "failed leadership," it's unclear whether his immediate involvement would have been helpful.

Easy-to-chew foods like rice and corn may have influenced the evolution of the human jawbone. New research says it may also help account for the fact that children in the United States often need to have braces because their mouths can't accommodate their teeth.

Unless Congress changes the rules, this failure triggers a $1.2 trillion across-the-board budget cut.