Budget

President Obama has tapped one of his closest economic advisers to be deputy director of the Office of Management and Budget (OMB).

The president announced Monday that he intends to nominate Brian Deese, currently deputy director of the National Economic Council and a top economic adviser the president, to take the No. 2 role in the budget office, calling him an "indispensable member" of his economic team.

"There's no one better suited to take on this important role than Brian," he said in a statement. "Brian has impressed me and our entire team with his strong leadership and sound judgment, but most importantly, he never loses sight of who we are fighting for."

Sylvia Burwell, nominated to head the Office of Management and Budget,will have a confirmation hearing next week.

One month in, sequester's real world impact remains limited. 

The Agriculture Department beat the sequester on food inspection.

Compensation for Wall Street board members still on the rise.

Other tax havens ready to step in for Cyprus.

Banks shuttering thousands of local branches.

Younger Cypriots face stiffer challenges. 

Democrats and student advocates hope the president's April budget will include a plan to prevent Stafford loan rates from doubling. 

There is new momentum to revamp Washington’s Groundhog Day-like budget process.

White House considers entitlement proposals in budget. Read more...

Under budget law, the president was supposed to deliver his budget proposal by the first Monday in February.

Speaker John Boehner (R-Ohio) hailed his conference's success against President Obama in a memo issued to Republicans on Thursday.

Sen. Baucus may have revealed his weakness in tax reform by voting against the budget resolution from Senate Democrats.

The six-month stopgap measure will keep government agencies funded through Sept. 30, maintaining funding at $984 billion.