Legislators have about two weeks to avert $1.2 trillion in cuts.

As budget deadline approaches, there's little sign of action on the Hill.

As budget deadline approaches, there's little sign of action on the Hill.

President now asks for $1.4 trln in tax hikes, down from $1.6 trln.

President now asks for $1.4 trln in tax hikes, down from $1.6 trln.

Reid laments lack of progress toward a deal.

Reid laments lack of progress toward a deal.

Boehner describes todays White House meeting as constructive.