Sen. Charles Schumer (D-N.Y.) said the killing of Osama bin Laden is a "strike of justice" for those were murdered on 9/11.

"This is a thunderous strike for justice for the thousands of my fellow New Yorkers — and citizens from all over the world — who were murdered on 9/11," Schumer said. "It took close to 10 years, but the world's most wanted terrorist has finally met his deserved fate.

"New York's heart is still broken from the tragedy of 9/11, but this at least brings some measure of closure and consolation to the victims and their families," Schumer said. 

Sen. John McCain (R-Ariz.) said he was "overjoyed" to learn of the death of Osama bin Laden. 

After finally resolving the FY 2011 budget crisis in mid-April, Congress returns next week to face another budget crisis, of sorts.

Unlike more recent crises, the government does not face a risk of shutdown next week. However, Congress is just weeks away from a controversial vote to raise the debt ceiling, and some House Republicans insist that they could only support an increase if it's tied to entitlement spending reform.

Freshman Rep. Michael Grimm (R-N.Y.) was booed at a rowdy town-hall meeting Thursday as he attempted to make a case for House Republicans' budget plan for 2012.

"You want to kill Grandma!" shouted one of the 300 people in attendance as the congressman attempted to present Rep. Paul Ryan's (R-Wis.) plan to transform Medicare into a sort of voucher system in an attempt to balance the budget by 2040 without raising taxes.

Voices also shouted "no, it doesn't" to different points that Grimm attempted to make about the plan.

The Republican budget for 2012 has no chance of becoming law, Sen. Herb Kohl (D-Wis.) said Thursday. 

"Its a measure that's decidedly on the conservative side, if not far right, and edging toward the point where, in my opinion, there is no chance it could become national policy," Kohl said in an interview with the Wisconsin Radio Network.

The 2012 plan crafted by House Budget Committee Chairman Paul Ryan (R-Wis.) would cut $5.8 trillion in spending over 10 years and transform Medicare into a sort of voucher system, among other measures, to balance the budget by 2040 without raising taxes.

The Congressional Budget Office (CBO) on Friday released an estimate that said H.R. 1230, the "Restarting American Offshore Leasing Now Act," would bring in an estimated $40 million in revenues over the next decade, and would cost just $2 million to implement.

The bill is expected to be on the floor next week, and would require the administration to conduct offshore lease sales in the Gulf of Mexico and off the coast of Virginia. CBO said requiring lease sales would not affect revenues related to the Gulf, because the Department of the Interior already has an expectation of making these sales.

Republican Conference Chairman Jeb Hensarling (R-Texas) on Thursday blamed Obama administration policies for the weak economic recovery since the official end of the recession in mid-2009.

"A lot of people understand that it's the president's policies that, frankly, is leading to having the most tepid recovery in the post-war era," Hensarling said in a television interview Thursday with KLTV in Tyler, Texas.

Sen. Jim Risch (R-Idaho) said the U.S. debt structure could soon throw the country into financial turmoil.

GOP senator says it will remind voters that Senate Democrats don't have their own budget proposal.