Elections Democrats

  • How Do You Play This Market?

    Advice on how investors can take on the markets, with Jim Iuorio, TJM Institutional Services; Lawrence Glazer, Mayflower Advisors; Jim LaCamp, Macroportfolio Advisors, and CNBC's Simon Hobbs.

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    Defaulting would be unthinkable. The U.S. dollar is the world’s reserve currency. We benefit mightily by the desire of the rest of the world to hold our debt and transact in dollars. When doubt lingers globally, surety is found in the United States. All that would change with default.

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    House Republicans signaled Thursday that they were backing away from the centerpiece of their budget plan — a proposal to overhaul Medicare — in a decision that underscored both the difficulties and political perils of addressing the nation’s long-term fiscal problems. The New York Times reports.

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    One of the boldest steps Mr. Ryan takes to address our long term economic success is reducing the top tax rate for both individuals and companies to 25 percent...The only thing I would add to the Chairman’s plan is tax relief that would encourage bringing home more than a trillion dollars of US capital that could be used to help create American jobs and net $50 billion in extra tax revenues that our economy would otherwise never receive.

  • See what's happening, who's talking and what will be making headlines on Tuesday's "Squawk on the Street."

  • Barack Obama

    As we approach next year's presidential elections, the chances of President Barack Obama being ousted by a rival from either side of the political divide are low, according to Thanos Papasavvas, the head of currency management at Investec Asset Management.

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    The ongoing debate over tax relief has lost all integrity, like a favorite sweater long past its prime. Some believe that tax cuts increase the budget deficit while others suggest wealthy citizens have no moral obligation to share their bounty. Worthy positions indeed, but they are two mutually independent arguments, both valid, one having nothing to do with the other.

  • A Nation Divided by Debt

    The battle over the budget and debt limit still looms. Insight with Rep. Eric Cantor, (R-VA).

  • GOP symbol and cash

    The big Wall Street Journal story on hedge funds does a good job of describing the shift of hedge fund political donations from Democrats to Republicans.

  • Donald Trump

    This season, the Republicans seem to be timid – dancing around the arena but not throwing their hats in the ring. Only Mitt Romney has been bold enough to ‘test the waters’ with an ‘exploratory committee’.

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    The Obama administration is preparing to inject an unpredictable new variable into its economic policy clash with Republicans: a plan to overhaul corporate taxes.

  • What does the 2102 US election have to do with the S&P downgrade and warning? Everything. Since Obama announced on April 4, the president's numbers have gone down in every poll conducted during that period according to The Hill.

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    Sen. Bob Corker on Wednesday threatened to vote against an increase in the country's borrowing limit unless government spending reductions are included.

  • U.S. Budget Debt Bomb Problem

    Weighing in on whether the S&P downgrade will help make something good come from spending reform, with Sen. Judd Gregg, (R-NH); William Cohan, "Money and Power: How Goldman Sachs Came To Rule The World" author and James Freeman, Wall Street Journal Editorial Page.

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    From the S&P downgrade, to the ever rising price of gasoline, to Federal Reserve Chairman Ben Bernanke's historic Q&A next week, economists have a lot to chew on these days. It's an economic dessert that could leave you with massive indigestion.

  • Geithner Responds to S&P Cut

    Treasury Secretary Timothy Geithner tells CNBC's Steve Liesman he disagrees with S&P's negative US outlook. He also discusses locking in targets for deficit reduction and reaching compromise with the GOP.

  • Markets quake after S&P touches the third rail. Goldman reports earnings without Buffett on its back. Research In Motion preps its unloved tablet and McDonald's conducts a supersized job fair. Here's what we're watching…

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    Standard and Poor's warning that the U.S. may not be able to get its fiscal house in order in time to avoid a credit downgrade could provide some of the push politicians need to work out a credible deficit reduction plan.

  • The United States is barreling down the track towards the debt ceiling of $14.3 trillion by mid-May according to the U.S. Treasury Department.

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    Republicans and Democrats appear to agree that the issue of short-term debt should be decoupled from talks about the long-term deficit.