• Obama Taps Burwell for OMB; New Chiefs for EPA, DOE Monday, 4 Mar 2013 | 11:08 AM ET
    Sylvia Matthews Burwell

    President Obama made three major personnel appointments Monday, nominating Walmart's philanthropic head Sylvia Mathews Burwell as White House budget director, Gina McCarthy to lead the EPA and physicist Ernest Moniz to head the DOE.

  • Obama Taps McCarthy for EPA, Moniz for Energy Monday, 4 Mar 2013 | 8:38 AM ET
    Gina McCarthy to lead the U.S. Environmental Protection Agency (L), and nuclear physicist Ernest Moniz to head the Department of Energy (R).

    President Obama has selected air quality expert Gina McCarthy to lead the EPA and physicist Ernest Moniz to head the Department of Energy, a White House official said.

  • GOP Clings to One Thing It Agrees On: Spending Cuts Monday, 4 Mar 2013 | 6:15 AM ET
    House Speaker John Boehner listens as President Obama gives his 2013 State of the Union address.

    Four months after Mr. Obama won a second term, the only issue that truly unites Republicans is a commitment to shrinking the federal government through spending cuts, low taxes and less regulation. The NYT reports.

  • President Barack Obama raised the issue of cutting entitlements as a way out of damaging budget cuts, as both sides in Washington tried to limit a fiscal crisis that may soon hit America.

  • Obama Presses Congress for Deal to End Cuts Saturday, 2 Mar 2013 | 6:15 AM ET
    U.S. Capitol Building in Washington, D.C.

    Just hours after across-the-board spending cuts officially took effect, Barack Obama pressed Congress to work with him on a compromise to halt a fiscal crisis he said was starting to "inflict pain" on communities.

  • Let the Cuts Begin! Obama Signs 'Sequester' Order Friday, 1 Mar 2013 | 8:52 PM ET
    President Barack Obama

    It's on: President Obama on Friday signed an order that starts putting into effect across-the-board budget cuts known as the "sequester" after he and congressional leaders failed to find an alternative budget plan.

  • Michigan Governor Rick Snyder and Detroit Mayor Dave Bing

    Michigan officially declared Detroit in a fiscal emergency, setting the stage for a state takeover of the city's financial management and ultimately the possibility of the largest municipal bankruptcy in U.S. history.

  • Obama Says 'Sequester' Crisis Is 'Just Dumb' Friday, 1 Mar 2013 | 12:23 PM ET
    President Barack Obama speaks after meeting Friday with congressional about budget cuts.

    President Obama blamed Republicans' refusal to close `wasteful' loopholes for the automatic budget cuts going into effect Friday, and said Americans will get through the crisis.

  • Spinning Sequestration: Both Sides Are Doing It Thursday, 28 Feb 2013 | 3:02 PM ET
    Rep. Paul Ryan

    Sequestration will probably not as painful as the Administration is making them out to be, but not as painless as many conservatives are suggesting.

  • Cut Loopholes Later to Pay for Tax Reform: Rep. Ryan Thursday, 28 Feb 2013 | 8:08 AM ET
    Rep. Paul Ryan, R-Wis.

    House Budget Chairman Paul Ryan told CNBC that he expects the across-the-board spending cuts known as the "sequester" take effect after Friday's deadline.

  • Cuts Unlikely to Deliver Promised US Budget Savings Thursday, 28 Feb 2013 | 4:34 AM ET

    On paper, the spending cuts, due to kick in on Friday, promise $85 billion in budget savings. In reality, the "sequester" is likely to yield less than half that much.

  • 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.

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