The budget deal would free Obama from budget battles as he looks to secure his legacy in the remainder of his second term, The New York Times reports.» Read More
Partisanship is as bad as it gets, meaning raising the $17 trillion borrowing limit may be tougher than expected, POLITICO's Ben White says.
With bad weather preventing senators from traveling to Washington, a showdown vote on the unemployment bill was postponed until Tuesday.
Here's what's lawmakers are expected to focus on as they return to Capitol Hill.
Surprise! Washington could be slightly less dysfunctional next year. Keep an eye on the debt ceiling, tax reform and mid-term elections. POLITICO's Ben White reports.
CNBC's Rick Santelli discusses the latest action in the bond market, and explains how logistics move the market.
Senate Majority Leader Harry Reid was hospitalized as a "precaution" after feeling ill, and doctors concluded "everything is normal" after testing.
Most of Wall Street views a budget agreement as a done deal. If it's not, lots of people will have to rethink rosy scenarios for a happy New Year.
Congressional leaders from both parties are working out the details of a two-year federal budget deal they hope to vote on before the holiday recess.
The Senate is working on new sanctions in case Iran cheats on its pledge to roll back its nuclear program.
Senate Majority Leader Harry Reid's decision to blow up the filibuster on presidential nominations may raise new fiscal crisis risks.
Health and Human Services Secretary Kathleen Sebelius is returning to Capitol Hill for a fresh interrogation on the health care law.
The budget deal to reopen the government could make it easier for lawmakers to make major changes to tax policy, spending and entitlement programs.
LEE SACHS is Co-Founder & CEO of Alliance Partners says that the debt deal gives a window for US congress to work out their differences and not risk a further damage to their reputation.
Marie Owens Thomsen, Senior Economist & Strategist, Credit Agricole Private Banking explains why structural issues are much more concerning than the current U.S. debt debacle.
CNBC's Steve Liesman reports Senate majority leader Harry Reid is warning the U.S. could have a rating cut if a deal is not reached by midnight.
If the U.S. breaches the debt ceiling, the Treasury will have to get creative in deciding what gets paid. CNBC's Steve Liesman acts like Treasury Secretary Jack Lew.
Discussing the approach of the House to reach a deal in Washington, with Peter Blair Henry, dean of NYU Stern School of Business; Rep. Marsha Blackburn (R-TN); and CNBC's John Harwood.
CNBC's John Harwood reports the House is still clearly divided on a debt deal. The House proposal is still being tweaked.
Senate Majority Leader Harry Reid denounces a measure reportedly being considered by House Republicans, warning that it brings the country closer to a default even as ratings agencies are "talking" about a downgrade of U.S. debt "as early as tonight."
The Fed won't taper its bond-buying program for three or four months because of the D.C. budget overhang, said David Tepper, founder of Appaloosa Management.