Companies will continue to move overseas for tax purposes until the U.S. reforms corporate taxes, Grover Norquist says. » Read More
Which political party is the biggest obstacle to a "cliff" agreement? Ed Rendell and Judd Gregg, "Fix the Debt" campaign co-chairs, discuss ways to rise above partisan politics and negotiate a debt deal. The "fiscal cliff" is sort of the ultimate forcing mechanism and "Congress needs forcing mechanisms to act," added Gregg.
"We are still waiting for a serious offer from the Republicans," said Sen. Harry Reid, commenting on "fiscal cliff" talks in Washington. CNBC's Eamon Javers reports on what's going on behind the scenes.
PATASKALA, Ohio-- Down to a fierce finish, President Barack Obama accused Mitt Romney of scaring voters with lies on Friday, while the Republican challenger warned grimly of political paralysis and another recession if Obama reclaims the White House. Obama backers shouted as the president campaigned in Ohio.
WASHINGTON, Nov 2- After the Nov. 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of the year. Regardless of who wins the Nov. 6 presidential election, Obama will be in the White House during the final months of 2012 when the ``fiscal cliff'' must be dealt with.
What makes politics here different is who works in those skyscrapers _ not lawyers or accountants, but heavily unionized housekeepers, blackjack dealers and line cooks who have abruptly transformed Nevada into a swing-voting state. Her youngest daughter will soon graduate from the University of Nevada, Las Vegas. "
BISMARCK, N.D.-- Dwight Thompson is a solid conservative businessman who will be voting for a Republican for president and a Democrat for Senate.
As the presidential election campaign grinds into November, Republican and Democratic lawmakers are busily hammering their own pitons into the fiscal cliff — staking out routes that could either force compromise or snap the economy’s safety lines.
Our biggest challenge is converting the 25 to 35 year old to becoming participants in our industry, "said Brian Gamache, chief executive of slot machine maker WMS Industries Inc at the annual Global Gaming Expo in Las Vegas.
But the chief executives of Las Vegas- based MGM Resorts International and Las Vegas Sands Corp. differed during a keynote panel discussion with four other industry leaders at the Global Gaming Expo about whether states or the federal government are best able to provide oversight.
LAS VEGAS-- With billions of dollars at stake, the head of the gambling industry's main lobbying group sounded a pessimistic note Tuesday about the prospect of Congress passing Internet regulatory laws this year.
LAS VEGAS-- It doesn't look like Congress will pass Internet gambling regulatory laws this year, the head of the industry's main lobbying group said Tuesday, as he cast online wagering hosted by sites overseas as one of the biggest threats to the casino industry in the United States.
WASHINGTON-- House Speaker John Boehner bought stock in two health care companies this year, while third-ranking House Republican Kevin McCarthy bought and sold Apple stock within a few days. The initial disclosures for members of Congress were posted Monday on the Internet. Congress passed the law as part of an effort to repair its sagging public image.
The U.S. House and Senate were "very close" to a deal on extending the payroll tax holiday and unemployment benefits when the Senate called off talks and went home, House Majority Leader Eric Cantor told CNBC Wednesday.
An extension of the payroll-tax cut was in serious jeopardy Tuesday as the House and Senate refused to negotiate a compromise that affects 160 million Americans.
Scheduled to vote today, the House of Representatives is contentiously debating a Republican proposal that rejects a two-month extension of the payroll tax cut and unemployment benefits.
Seeing the president and members of Congress in action gives a new perspective on the debt talks. Click for scenes from the talks, in the month leading up to the compromise.
The US is likely to see its debt downgraded by the credit rating agencies, despite the passage of a bill to raise the country's debt ceiling on Monday, analysts told CNBC.
Sen. Harry Reid (D-NV) provides an update on the debt deal talks in Congress.
Moody's declined to comment about how it would react to the government's tentative deal, but it referred back to its latest report it released on the U.S. debt debate.
If the rest of the country thinks that Washington has gone mad this summer, that is pretty much the view in this bewildered capital, too. The New York Times reports.