Tweet The US is heading towards an impending shutdown after March 4. While the Republicans want spending cuts to the tune of $ 100 billion the Democrats are only willing to go half way. Yesterday, The House passed a spending plan for the remaining seven months of this fiscal year which included at least $61 billion in cuts from last year’s budget.... 

Tweet Senate Democrats have begun to create a small plan (based on next 5 years) which is going to cap appropriations below President Barack Obama’s 2011 request. This will give the financial committee an upper hand towards breaking the impasse over the estate tax on wealthy. Max Baucus (Senate Finance Committee Chairman) says that he is expected Conrad...