U.S. Senators cast enough votes to defeat a Republican proposal to privatize Medicare, a widely expected result but one that Democrats hoped would force GOP Senators to vote in favor of a plan that is increasingly unpopular with voters.
Democrats scored an upset in one of New York’s most conservative Congressional districts on Tuesday, dealing a blow to the national Republican Party in a race that largely turned on the party’s plan to overhaul Medicare. The New York Times reports.
A Democrat wins a closely watched Congressional race in upstate New York, reports CNBC's John Harwood.
The most prominent Israeli-American business leader in the United States, Haim Saban, says President Obama needs to do more to show his support of Israel, in light of the President’s comments last week suggesting Israel needs to return to its pre-1967 borders to achieve peace with the Palestinians.
More defined goals and a longer timeframe are need to reduce spending and shrink the current U.S. deficit, Travelers Insurance Chief Executive Jay Fishman said.
Goldman gets bullish on oil again as House Democrats want to take steps to limit speculators, with Addison Armstrong, Tradition Energy; Pavel Molchanov, Raymond James, and CNBC's Sharon Epperson.
The war of words between Republicans and Elizabeth Warren should escalate later Tuesday when the special adviser running the Consumer Financial Protection Bureau testifies before a House subcommittee. Rep. Patrick McHenry, R-N.C., chairman of the Oversight Committee's subcommittee on TARP, told CNBC Tuesday the bureau has been operating without oversight as Warren, claiming to be only an adviser, extends her role behind the scenes.
President Obama’s gyroscopic legislative endeavors helped the nation survive the worst financial crisis since the 1930’s. It would have been unfathomable to risk America’s image of economic invincibility and allow the free markets to punish bad behavior. Instead, the Federal Reserve printed money to inflate the stock market and promote economic growth, all courtesy of a low interest rate environment. Now Congress is faced with yet another debt ceiling, and sure enough, they’re scrambling for the next fiscal stunt.
US President Barack Obama (or Barack O’Bama as some Irish jokers have dubbed him) is one of many Americans with Irish roots who come back to the old country to visit the places their ancestors left.
I spoke with the terribly smart, tough, fiscal conservative Sen. Tom Coburn (R-OK) about why he walked out of the "Gang of Six" bipartisan budget talks. In short, what he told me was that the "Gang of Six" budget-cutting package was simply too small.
It was a good tax season for Intuit, as it put more money into the pockets of consumers and small businesses through electronic filing, Chief Executive Brad Smith told CNBC Friday.
With slow job growth, anemic economic growth at 1.8%, and a looming debt crisis, the United States is searching for answers. One of the solutions offered is individual and corporate tax reform.
The troubled U.S. healthcare industry, recently a problem for Democrats facing voter anger over President Barack Obama's overhaul law, is now plaguing Republicans hoping to take the White House in 2012.
House Majority Leader Eric Cantor said there may be hope Democrats and Republicans can come up with a deficit-reduction plan after hearing Minority Leader Nancy Pelosi say everything is on the table.
Rep. Eric Cantor (R-VA) discusses the debt ceiling and is hopeful Democrats are beginning to realize medicare reforms are needed.
Holders of US government debt would be willing to miss payments "for a day or two or three or four" if it put the US in a stronger position to pay them later on, Rep. Paul Ryan told CNBC Tuesday.
In a CNBC exclusive, President Clinton broke his silence speaks to Maria Bartiromo for the first time about what he knew about the operation, what it means for the war on terrorism, and what's next for the relationship between the US and Pakistan.
A few months ago the Obama administration put out a "white paper" on potential outcomes for the demise of Fannie Mae and Freddie Mac. There was much debate about it at the time - Republicans made it clear they want government out of the mortgage business, and democrats just the opposite. Now comes a bi-partisan bill that could be the first to get some real traction.
The two biggest risks to the US recovery are a genuine disruption of oil supplies or inept policy from Washington, according to Jim McCaughan, the CEO of Principle Global Investors.
ConocoPhillips Chief Executive James Mulva said cutting subsidies to the five biggest U.S. oil companies is discriminatory, will keep prices up and hinder job growth.