24/7 World News
Lawmakers are raising questions about the secret U.S. diplomacy with Iran that led to last month's nuclear breakthrough, demanding greater transparency and expressing disappointment at being left in the dark.
US senators will introduce legislation to impose new sanctions on Iran as soon as this week, Senate aides said on Wednesday, despite the Obama administration's insistence that such a measure would violate terms of an interim agreement to curb Tehran's nuclear program.
House Republicans "capitulated" in agreeing to the two-year budget deal reached last night and left the country to deal with an unsustainable fiscal situation until the peak of the presidential primaries in 2015, when nothing will get done, former federal budget director David Stockman told CNBC on Wednesday.
Sen. Rand Paul added his name to the list of lawmakers opposing the bipartisan budget deal carved out between House and Senate negotiators, saying it is "shameful" to restore previously agreed to spending cuts in exchange for promises of future deficit reduction.
The new debt run up by the federal government since House Speaker John Boehner cut his first spending deal with President Barack Obama has now topped $3 trillion -- exceeding all the debt accumulated under all American presidents from George Washington through Ronald Reagan.