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    President Barack Obama says new revelations of big bank bonuses underscore the need for the financial regulation bill he signed into law this week.

  • Presidential speech pedistal

    From now until Nov. 2, everything coming from Washington will be aimed at the crucial House and Senate elections, which have the potential to be a tsunami, like the one in 1994 that swept Newt Gingrich to power in the House.

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    Lawmakers take contributions every day from corporate executives and lobbyists hoping for their votes. The question of whether that represents business as usual in Washington or an ethics breach is at the heart of a far-reaching Congressional ethics investigation that is stirring concerns throughout Washington and Wall Street.

  • U.S. Senator Bob Corker (R-TN)

    With the final financial regulation vote just hours away, Sen. Bob Corker, (R-Tennessee), told CNBC Thursday that President Obama lacked the leadership skills needed to create jobs and to drive the country out of the recession.

  • BP sign

    Democratic senators in the US are calling for an investigation into BP’s business interests in Libya, accusing the British oil company of being part of a deal to free a convicted terrorist in return for oil licences.

  • The start of the third quarter has been good for stocks—the S&P 500 is up 4.6 percent so far in July. Unfortunately, with the exception of July 1, volume has been very light--Friday was the lightest volume day of the year at the NYSE.

  • Congress is likely to keep the Bush tax cuts for taxpayers making $250,000 and below, Sen. Byron Dorgan (D-ND) told CNBC Friday.

  • The government should extend the Bush tax cuts to put money to work and help share prices, Dennis Gartman, founder of The Gartman Letter, told CNBC Wednesday.

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    Republican Congressman and House Ways and Means Committee member Paul Ryan spoke with Maria Bartiromo yesterday about the current economic crisis, and spoke frankly about how he feels Washington is running the country.

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    Even as most Americans got ready to face the July 4th holiday weekend traffic, members of the United States Congress had already left town.

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    Don’t you just love political cross dressing? Last night on CNBC my old boss David Stockman was totally root-canalled as he called for higher taxes and lower spending. Right on spending, but wrong on taxes.

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    Seizing on a political opportunity, President Barack Obama on Wednesday lashed out at Republicans as out of touch with the daily problems of Americans, hoping to sharpen the contrast with the opposition party as midterm elections loom and economic anxiety still runs high.

  • US Capitol Building with cash

    After analyzing Washington for 35 years, it’s excusable to be a cynic. Actually, it’s mandatory. So let’s try out this extremely cynical premise: the Republicans are deliberately refusing to help unemployed workers or aid the states because they undoubtedly know this will hurt the economy further – and an ailing economy will help their prospects in November.

  • So what exactly is the real message of the tea parties? And how large an impact will they have on the upcoming elections? These are just a couple of the questions I posed to my old friends Rick Santelli and Lou Dobbs on last night’s Kudlow Report.

  • Government Regulation

    The financial regulation bill agreed upon by Congressional leaders overnight is too weak and will not reform the system, Williams Isaac, former chiarman of the FDIC, told CNBC.

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    The real work now, the real test for President Obama and Treasury Secretary Geithner, is to quickly bring the rest of the world along on the only reforms that will truly protect the global financial system from crisis in the future: common standards for the appropriate quantity and quality of capital, and acceptable levels of leverage and liquidity.

  • President Barack Obama

    President Barack Obama accused Republicans on Saturday of blocking legislation that would boost the nation's economic recovery and lift a $75 million cap on what oil companies must pay to families and small businesses affected by an oil spill.

  • divorce

    The State Senate on Tuesday, clearing aside decades of opposition, put New York on a course to adopt no-fault divorce. The NYT reports.

  • Sen. Richard Lugar (L) and Sen. Lindsey Graham (R) talk to reporters about Lugar's new "Practical Energy and Climate Plan" legislation.

    There once was a time when the government relied on a very blunt way of regulating the economy. But then came the market revolution of the last three decades. We've now come full cirlce, says the New York Times.

  • President Obama signs the health care reform bill into law at the White House

    Congress allowed emergency health care assistance for unemployed workers to expire May 31, and seems unwilling to renew it despite pleas from President Barack Obama.