The economic downturn lasted from December 2007 until June 2009, according to the National Bureau of Economic Research.

House Republican Conference Chairman Mike Pence (R-Ind.) on Monday said that the country has benefited from the Tea Party by helping to make congressional spending a campaign issue. 

The Treasury Department on Monday announced a secondary public offering of over 52 million warrants for common shares in The Hartford Financial Services Group Inc.

Sen. Ted Kaufman (D-Del.) sees no room for compromise with Republicans on the issue of the tax cuts.

House Republican Whip Eric Cantor (R-Va.) on Monday warned Democratic leaders that his party would not back down from calls to continue all tax cuts enacted under President George W. Bush.

Senate Budget Chairman Kent Conrad (D-N.D.) said he would be happy to work with senators to “put in place an effective plan” for reforms.

While that prospect does not sit well with many Washington insiders, it dovetails well with the mantra of fewer taxes, less government.

The Tea Party is expected to announce that former Rep. JD Hayworth (R-Ariz.) will become national spokesman for the movement. 

Rep. Jason Chaffetz (R-Utah) has introduced legislation requiring lawmakers to disclose delinquent tax liabilities, which would prompt an ethics inquiry and garish their wages. 

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