Sen. Harry Reid said Tuesday that "fiscal cliff" talks have made little progress, sending stocks down, while Senate Republican Mitch McConnell ripped into President Obama for taking his argument on the road.
Emboldened by gains in Congress, Democrats appear less willing to compromise in “fiscal cliff" talks on cuts to entitlement programs like Medicare and Social Security, The New York Times reports.
Europe is preparing to follow the United States in delaying the introduction of stricter rules on bank capital, while it lobbies for a rethink of the U.S. stance, EU sources said.
The impasse in Congress over the “fiscal cliff” could be the Grinch that steals Christmas if it isn’t resolved soon.
With Congress returning from Thanksgiving, here’s the good news for those looking to avoid the “fiscal cliff”: Members of both parties do agree on one LARGE point — taxes for the wealthy should go up.
"The Pledge"and its creator, anti-tax crusader lobbyist Grover Norquist, have never faced a test as they do now. Some GOP pledge signers say they want out, The New York Times reports.
Will there be a bailout for the FHA? CNBC's Rick Santelli, weighs in on whether the government agency should get more money.
Mitt Romney attributed President Obama's victory in part to big policy "gifts" for African-American, Hispanic and young voters, The New York Times reports.
President Obama says he got re-elected to help middle class families and small businesses.
The FBI investigation that toppled the director of the CIA underscores a danger that civil libertarians have long warned about, The New York Times reports.
Tax reform sounds like a great idea - until the loophole that's closed is the one that puts money in your pocket.
It’s looking increasingly likely that Elizabeth Warren, the senator-elect from Massachusetts, will be able to secure a seat on the Senate banking committee—if that’s where she wants to go.
With both parties positioning for difficult negotiations to avert a fiscal crisis, Democrats are latching on to an idea floated by Mitt Romney to raise taxes on the rich through a hard cap on income tax deductions, The New York Times reports.
The director of the Central Intelligence Agency, David Petraeus, resigned on Friday, citing an extramarital affair after serving as spy agency chief for a year.
Julius Genachowski, FCC chairman, discusses the agency's key initiative to open up more spectrum for mobile services.
The Republicans’ Southern strategy, of appealing mostly to white voters, appears to have run into a demographic wall, The New York Times reports.
European citizens and political leaders welcomed President Barack Obama’s re-election Wednesday. European money was less enthusiastic, the New York Times reports.
With the presidential election over, Wall Street titans who supported Mitt Romney now face the prospect of having to mend fences with the Obama administration. The New York Times reports.
Sara Fagen, CNBC contributor, explains how shifting demographics in the U.S. impacted the outcome of the election.
An election that was supposed to be about change actually could end up being an intensified dose of more of the same for investors.