Elections Democrats

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    Saying nice things about small business sounds good (and the State of the Union Address will pile on even more), but the disconnect between what is said and what is done is massive and does not bode well for our recovery.

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    Since the government took over Fannie Mae and Freddie Mac, taxpayers have spent more than $160 million defending the mortgage finance companies and their former top executives in civil lawsuits accusing them of fraud. The New York Times reports.

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    In the new Congress, the American people will give Republicans further opportunities to govern. Unlike our predecessors, we will lessen the burdens on the American people.

  • Keith Olbermann

    Keith Olbermann's exit from MSNBC appeared abrupt to viewers of his show, but the talk-show host and his network were involved "in a relationship that's been failing for a long time," an NBC Universal executive said Saturday.

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    Collectively, states have budget deficits of more than $130 billion, unfunded pension and healthcare plans of more than $1 trillion and billions of dollars of unpaid bills to public schools and universities, hospitals and social welfare programs...States are in crisis and floundering to find a solution.

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    House Republican leaders confronted pressure from conservatives on Thursday to take more aggressive steps to cut federal spending, with a large group of lawmakers calling for outlays to be slashed by $2.5 trillion over the next decade, far more than the party has sought so far. The New York Times reports.

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    Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers, the New York Times reports.

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    As expected, House Republicans passed a bill to repeal President Obama’s health care plan by a vote of 245 to 189. Republicans say this vote was a mandate of the American voter.

  • Barack Obama

    President Obama, strengthened by his adjustment to GOP gains and his response to the Tucson shootings, saw his approval rating rebound to 53% from 45%, according to a new NBC News/Wall Street Journal poll.

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    Today, the US House of Representatives is going to fulfill an election pledge by voting to repeal Obamacare. Voter anger over many issues helped return the opposition party to power in the lower chamber of Congress. This vote is one such manifestation and attempts to highlight the differences on this issue between the major parties.

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    U.S. Senator Kent Conrad, a Democrat representing North Dakota, will not seek reelection in 2012, NBC News has confirmed.

  • The economy has improved in the last six months, signaled by greater consumer spending, durables purchases and some signs of increased investment, Daniel K. Tarullo, Federal Reserve governor, told CNBC Friday, echoing what his boss, Chairman Ben Bernanke said on Thursday.

  • CNBC/FDIC Small Business Forum

    Federal Reserve Chairman Ben Bernanke said Thursday that the US economy is strengthening, with three to four percent growth likely this year, but that it won't reduce unemployment "at the pace we'd like it to."

  • Sen. Spencer Bachus (R)

    Taking issue with FDIC Chairman Sheila Bair, the new Republican head of the House Financial Services Committee told CNBC Thursday that the Dodd-Frank financial overhaul law actually creates more uncertainty—not less.

  • Sheila Bair

    Even with the Republicans in control of the House, major changes in the Dodd-Frank financial overhaul law are unlikely and it's time for the country "to get on with it," Sheila Bair, chairwoman of the FDIC,  told CNBC Thursday.

  • President Barack Obama

    Valerie Jarrett, a senior White House adviser, reportedly acknowledged that a push to overhaul the nation’s tax codes could take years...This could’ve been Obama’s “Reagan” moment as tax and social security reform were key successes for the Gipper

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    The deal cut between Bank of America and the government's housing monsters is—finally—coming under scrutiny on Capitol Hill.

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    House Speaker John Boehner (BAY'-nur) has invited President Barack Obama to deliver the State of the Union speech on Jan. 25 to a joint session of Congress.

  • William Daley is no stranger to politics. A former U.S. Commerce secretary, he is also the youngest child of longtime Chicago mayor Richard J. Daley.

    President Obama marks another milestone in his post-election move to the center by appointing pro-business Democrat William E. Daley to the powerful post of White House chief of staff. If there are any doubts that Obama wants to repair his business-bashing image, this should dispel them.

  • A highly regarded legislative analyst and the "Fast Money" traders discuss what impact the newly elected U.S. House speaker might have.