High-ranking lawmakers from both parties had urged Pierson to resign.» Read More
Rep. Eric Cantor, (R-VA), provides a preview of a major policy speech he will deliver later today at the American Enterprise Institute that includes education reform, revitalizing America, and expanding the GOP message.
President Obama is slated to meet with the CEOs of 12 companies on Tuesday, including Lloyd Blankfein from Goldman Sachs and Marissa Mayer from Yahoo to discuss immigration and deficit reduction, the White House said.
An effort is building in Congress to change marijuana laws, including moves to legalize the industrial production of hemp and establish a federal pot tax.
President Barack Obama said on Sunday more tax revenue would be needed to reduce the U.S. deficit and signaled he would push hard to get rid of loopholes such as the "carried interest" tax break enjoyed by private equity and hedge fund managers.
Energy Secretary Steven Chu, the Nobel-winning physicist who survived the uproar after the solar energy company Solyndra went bankrupt, is stepping down.
Congress has done the easy part of deficit and debt reduction, but the more difficult decisions on controlling health care costs, reforming the tax code and fixing entitlements still lie ahead, Alan Simpson and Erskine Bowles told the TD Ameritrade conference on Friday.
If Congress can't agree on a deficit-reduction plan soon, vacationers heading to the country's national parks this spring and summer could find reduced staffs, shorter visiting hours and even closings.
The Democratic-led Senate on Thursday approved must-do legislation to permit the government to borrow hundreds of billions of dollars more to meet its obligations, putting off one Washington showdown even as others loom in coming weeks.
Virtually every state's tax system unfairly takes from those who make the least, says a new report. But which states take the most from their richest residents?
Former Nebraska Senator Chuck Hagel (R) faces a confirmation hearing in front of the Senate Armed Services Committee to become Defense Secretary. The decorated Vietnam War veteran faced tough questioning regarding some of his past votes and statements.
The latest GDP report shows that falling government spending can coexist with rising private economic activity, Larry Kudlow says.
The cast of voting members on the Fed's policy committee is changing, but Ben Bernanke will likely retain a solid majority for his drive to keep interest rates low well into the future despite critics who worry about the risks.
President Obama called on Congress to make good on plans to overhaul the immigration system and offer a path to citizenship for millions of illegal immigrants. He said that if Congress is unable to act quickly, he will propose legislation and demand lawmakers vote on it.
Transportation Secretary Ray LaHood, the only Republican still left in President Barack Obama's first-term Cabinet, says he plans to leave the Obama administration.
At the Detroit Auto Show earlier this month, luxury was in the air. Pricey new Bentleys and Maseratis glittered - including a Maserati 2014 Quattroporte with a $132,000 price tag; U.S. Cabinet Secretaries and dignitaries rubbed shoulders; and many of the well-heeled attendees ponied up for a $300-a-ticket black-tie charity ball.
A bipartisan group of leading senators unveiled an agreement Monday on the principles for a sweeping overhaul of the nation's immigration laws, including a path to citizenship for the 11 million illegal immigrants already in this country.
Sen. Mike Johanns, (R-NE), explains why he wants President Obama's recess appointments to the NLRB and CFPC to tender their resignations immediately.
A federal appeals court has invalidated President Obama's "recess" appointments to a labor board last year, ruling that the move was unconstitutional and dealing a blow to Obama's strategy of bypassing Senate Republicans.
President Obama has chosen longtime adviser and national security expert Denis McDonough as White House chief of staff.
Republican governors are moving to cut income taxes, including proposals that would increase reliance on state sales taxes, setting up ambitious experiments in tax reform that could shape what is possible on a national level.
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