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Article updated: 1/24/2013 7:06 AM

Congress charts new collision course over deficit

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Rep. Trent Franks, R-Ariz., center right, stands with his family for a ceremonial photo with Speaker of the House John Boehner, R-Ohio, center left, in the Rayburn Room of the Capitol after the new 113th Congress convened in Washington. The nationís sharp disagreements over taxes and spending are on a re-routed collision course, as Senate Democrats launch a plan that includes new taxes, and House Republicans vow to speed up their plan to balance the federal budget with spending cuts alone.

Associated Press

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The nation's sharp disagreements over taxes and spending are on a re-routed collision course, as Senate Democrats launch a plan that includes new taxes and House Republicans vow to speed up their plan to balance the federal budget with spending cuts alone.The Republicans' new approach would require even deeper cuts in social programs than they pushed last year. Liberals denounced those earlier plans as severe and unfair, and they say the new version would be worse.