• Congressional GOP and Obama administration traded charges of blame as the Senate shot down both sides' proposals to avert the sequester of major spending cuts.

    In this Feb. 26, 2013 file photo, House Speaker John Boehner of Ohio speaks on Capitol Hill in Washington.
    LAST UPDATE : Feb 28, 2013, 5:49 PM EST
  • Veteran congressional insider and budget guru takes the helm just as massive across-the-board spending cuts are set to drag on the economy.

    LAST UPDATE : Feb 27, 2013, 9:11 PM EST
  • President Barack Obama and Senate Majority Leader Harry Reid of Nev., left, stand on stage as House Speaker John Boehner of Ohio walks to the podium to speak at the unveiling of a statue of Rosa Parks, Wednesday, Feb. 27, 2013, on Capitol Hill in Washington.

    Despite frantic warnings from the Obama administration and harsh exchanges with the congressional GOP, this fiscal crisis hasn't captured the country's attention.

    LAST UPDATE : Feb 27, 2013, 5:17 PM EST
  • U.S. Secretary of State John Kerry adjusts his translation earphones while listening to German Foreign Minister Guido Westerwelle, not pictured, at a news conference at the Foreign Ministry in Berlin on Tuesday, Feb. 26, 2013.

    In coordination with European allies, considering non-lethal assistance to carefully vetted fighters opposed to the Assad regime.

    LAST UPDATE : Feb 26, 2013, 10:25 PM EST
  • Obama tells Congress about deployment of unarmed drones to assist the French operation in Mali and generally help stem the rising tide of al-Qaida in the region.

    LAST UPDATE : Feb 23, 2013, 1:07 AM EST
  • resident Barack Obama shakes hands with Japan's Prime Minister Shinzo Abe in the Oval Office of the White House in Washington, Friday, Feb. 22, 2013.

    At joint appearance in Washington, Obama and Shinzo Abe agree that Pyongyang's nuclear provocations will not be tolerated.

    LAST UPDATE : Feb 22, 2013, 7:50 PM EST