• Jack Lew Cleared to Be the Next Treasury Secretary Wednesday, 27 Feb 2013 | 6:00 PM ET
    Jack Lew speaks during his confirmation hearing.

    The Senate confirmed Jack Lew as President Barack Obama's new Treasury secretary, putting the former White House chief of staff in the middle of a bitter political fight over the government's budget.

  • 'Sequester Snooze?' You May Not Be the Only One Wednesday, 27 Feb 2013 | 2:45 PM ET

    While politicians in Washington fan the flames of economic doom from Friday's sequester, they've apparently failed to light a fire under many Americans. Here's why.

  • Obama to Meet Lawmakers, but After Sequester Deadline Wednesday, 27 Feb 2013 | 12:28 PM ET

    President Obama will meet Friday with the top leaders in the House and Senate, hours past the deadline for averting automatic budget cuts, to discuss how to proceed on divisive tax-and-spend issues.

  • Bernanke: Jobless Rate Won't Reach 6% for Years Wednesday, 27 Feb 2013 | 10:31 AM ET
    Federal Reserve Board Chairman Ben Bernanke

    Unemployment probably won't reach the 6 percent level until 2016, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday.

  • Americans Call Sequester a 'Bad Idea': NBC/WSJ Poll Tuesday, 26 Feb 2013 | 6:30 PM ET

    The rhetoric has been flying on automatic spending cuts but now America has spoken: 52 percent say the sequester is a "bad idea," the latest NBC/WSJ poll shows.

  • NBC/WSJ Poll: Obama Seems More Bipartisan Than GOP Tuesday, 26 Feb 2013 | 1:00 PM ET
    President Barack Obama

    President Obama approaches Friday's budget deadline with a far stronger reputation than Republicans, an NBC News-Wall Street Journal poll has found.

  • Jacob Lew

    The Senate Finance Committee on Tuesday backed President Barack Obama's nominee to head the U.S. Treasury, Jack Lew, clearing the way for a full-Senate confirmation vote.

  • Bernanke: My Inflation Record Is One of the Best Tuesday, 26 Feb 2013 | 10:26 AM ET
    Federal Reserve Chairman Ben Bernanke.

    Federal Reserve Chairman Ben Bernanke strongly defended the U.S. central bank's bond-buying stimulus before Congress on Tuesday, saying that the bank sees little risk of higher inflation in the near term.

  • Here's Why Layoffs From Sequester Will Be Costly Tuesday, 26 Feb 2013 | 10:24 AM ET

    Hundreds of thousands of workers at firms with government contracts are expected to be laid off because of sequestration. But picking who stays and who goes could be complicated and costly.

  • Back-Load Cuts to Protect Growth Now: Dem Hoyer Tuesday, 26 Feb 2013 | 10:11 AM ET
    Rep. Steny Hoyer

    A plan to replace the "sequester" should put the bulk of the reductions years out to protect the economy in the short run, House Minority Whip Steny Hoyer told CNBC.

  • Olympic National Park, Washington.

    As $85 billion in spending cuts loom, people across the country who rely on the government were trying to fathom what it would mean for them. The NYT reports.

  • Bernanke Speaks as Italy Becomes New Headwind Monday, 25 Feb 2013 | 8:42 PM ET

    Fed Chairman Ben Bernanke is expected to provide soothing words about the Fed's easy money policies, but markets may react more to new bearish concerns out of Europe.

  • Bob Woodward: Obama Made Big Mistake on Sequester Monday, 25 Feb 2013 | 1:20 PM ET
    Bob Woodward

    The White House mistakenly thought that Republicans could never stomach cuts to the Defense Department, which constitute half of the reductions in the sequester. This was a terrible misreading of the Tea Party-infused GOP, the Fiscal Times reports.

  • Simpson-Bowles Health Plan Stirs Worry, Lacks Detail Monday, 25 Feb 2013 | 12:33 PM ET
    Alan Simpson and Erskine Bowles

    A new bipartisan deficit-reduction plan to slash a massive $600 billion from U.S. healthcare spending over two decades has policy experts scratching their heads over how such an ambitious target can be reached.

  • The White House

    President Obama isn't "moving the goal posts" by asking for more revenue to avoid the automatic spending cuts, White House economic adviser Gene Sperling told CNBC.

  • Budget Cuts to Restrain US Growth: Economists Monday, 25 Feb 2013 | 8:24 AM ET

    Likely government budget cuts and the prospect for messy political fights over fiscal policy will weigh on the U.S. economy this year and hold growth to a tepid 2.4 percent, according to a new survey of forecasters published.

  • Why a Grand Budget Bargain May Be Impossible Friday, 22 Feb 2013 | 1:43 PM ET
    John Boehner

    An improving economy and projected lower deficits might brighten the climate for a deal. But that optimistic view ignores the remaining deep differences between the parties. NYT reports.

  • 5 Reasons Not to Worry About the Dreaded Sequester Friday, 22 Feb 2013 | 1:32 PM ET

    "It's going to look more like the rounding error in GDP," says one economist. "I think there is a lot more noise than light being shed on the sequester."

  • Ouch: How Sequestration Might Impact You Friday, 22 Feb 2013 | 12:25 PM ET

    Long lines at the airport, food scarcities and a rise in identity theft are just some of the disasters awaiting Americans if sequestration goes through.

  • CNBC's John Harwood has information on outgoing Transportation Secretary Ray LaHood's feelings about the impact of sequestration on air travel in the U.S.

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