FreedomWorks, a conservative group aligned to the Tea Party Movement, is calling for Jim Rogers, the boss of Duke Energy, to be fired and has launched an online petition aimed at ousting him for his support of cap and trade and donations to the Democratic National Congress.
Rep. Paul Ryan (R-Wisc.) Budget Committee chairman, discusses his proposal to cut $6 trillion from the budget and, he says, save Medicare and Medicaid.
Republicans are taking a different approach against President Obama than they did in 1996, the last time they challenged an incumbent Democrat for president. The NYT reports.
House Majority Leader Eric Cantor just told me in a CNBC interview that there is no deal on budget cuts for the continuing resolution.
The risk retention standards under the Dodd-Frank Act being voted on this week by federal regulators are an important part of revitalizing our housing finance system, but they will only work well if we get the rest of housing finance reform right.
In the months after Bill Clinton received the same kind of electoral drubbing meted out to Barack Obama in November, he used to measure his political standing by the number of Republicans getting ready to run against him, reports the Financial Times.
Last week, the Commerce Department revised real GDP up to 3.1 percent for the fourth quarter of last year. That was some cause for joy in the stock market. But today we saw a poor consumer-spending report for the month of February, which is picking up the rise in gasoline prices and the decline in consumer sentiment.
Should big banks jack up fees, Rep. Barney Frank, (D-Mass.), told CNBC Friday that he would urge bank customers to shop around and find community banks and credit unions that offer services for free.
Responding to criticism that the newly formed Consumer Protection Financial Bureau (CPFB) is too powerful, its head, Elizabeth Warren, told CNBC Tuesday that it’s the “most constrained of all federal agencies.”
A Wisconsin judge issued a temporary restraining order Friday blocking the state's new and contentious collective bargaining law from taking effect.
The House has voted to end federal funding to National Public Radio. Republican supporters say it made good fiscal sense, and Democratic opponents calling it an ideological attack that would deprive local stations of access to programs such as "Car Talk" and "All Things Considered."
House Republican Conference Chairman Jeb Hensarling (R-Texas) will introduce legislation Thursday to wind down Freddie Mac and Fannie Mae in five years, CNBC has learned.
Here's the transcript from my recent interview with top Senate Republican Mitch McConnell. One of the key points he made from my perch is that he wants a broad-based budget deal, but absolutely no tax hike.
As Congress continues to kick the fiscal can down Constitution Avenue with another Continuing Resolution, a trifecta of policy storms is brewing and will come to head in less than a month. Lawmakers will have not only the 2011 budget to contend. They're also facing the 2012 budget and the debt ceiling.
The House has passed a measure blending $6 billion in budget cuts with enough money to keep the government running for an additional three weeks.
The key to job growth is to revamp the corporate tax code, House Speaker John Boehner, (R-Ohio), told CNBC Monday.
As the Japanese race the clock to avert a nuclear meltdown at a power plant, House Speaker John Boehner, (R-Ohio), told CNBC Monday that the US needs to assess both the Japanese situation and its own relationship with nuclear energy.
Wisconsin Gov. Scott Walker has officially taken away nearly all collective bargaining rights from the vast majority of the state's public employees.
Congressional officials in both parties say the House and Senate are on track to pass a three-week stopgap measure to buy more time for negotiations between the Obama administration and Capitol Hill Republicans on a longer-term budget bill.
Wisconsin lawmakers voted Thursday to strip nearly all collective bargaining rights from the state's public workers, ending a heated standoff over labor rights and delivering a key victory to Republicans who have targeted unions in efforts to slash government spending nationwide.