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In a sign of Wall Street’s resurgent influence, bank lobbyists are aiding lawmakers in preparing legislation that softens regulations of the financial industry.
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Detroit Mayor Dave Bing, delivers speech on Wednesday to avoid losing much of his authority to a state takeover of the city's financial affairs.
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Approximately 47 million Americans who rely on food stamps could see their monthly assistance cut because a recession-era benefits boost is set to expire. A family of four could see their benefits cut by about $25 a month, NBC News reports.
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President Obama will announce in his State of the Union address that 34,000 U.S. troops will be home from Afghanistan within a year.
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In the State of the Union, Obama will lay out a plan for economic growth, seeking to attract jobs from overseas, the White House said. Traders are interested in his tone.
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President Obama's State of the Union Address represents his largest opportunity to sway the public and Congress behind his goal for "balanced" deficit reduction, according to his longtime strategist David Axelrod.
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President Barack Obama's State of the Union speech Tuesday could drive market focus straight to the next skirmish in the budget and deficit battle with Congress, depending on his tone.
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President Obama is likely to give a nod to the fitful economic recovery in his State of the Union speech with Apple CEO Tim Cook in attendance. But analysts don't expect major statements on contentious issues like taxes and the budget.
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A new report by a non-profit government watchdog group says former SEC employees, hired away from the Commission by the private sector, "routinely" help their new employers to influence the agency and blunt SEC enforcement actions.
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Penny Pritzker, a possible nominee for commerce secretary, has never been comfortable with the title "billionaire." Her wealth could also be an odd fit in the Obama White House.
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A sharp and surprisingly persistent slowdown in the growth of health care costs is helping to narrow the federal deficit, leaving budget experts trying to figure out whether the trend will last.
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The automatic government spending cuts are the best chance to ever reduce defense spending, former DNC chairman Howard Dean told CNBC.
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President Obama on Tuesday will seek to move beyond the politics of the moment to define a second-term agenda built around restoring economic prosperity to the middle class, using his State of the Union address to unveil initiatives in education, infrastructure, clean energy and manufacturing.
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Jack Lew, President Barack Obama's pick to be U.S. treasury secretary, is expected to come under fire for the administration's budget policies and a nearly $1 million bonus he received from bailed-out bank Citigroup when he testifies on Wednesday before a Senate panel vetting him for the job.
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Legalize or not is the hotly debated question in Washington holding the fate of 11 million undocumented immigrants on a tight rope.
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Karen Mills is departing as head of the Small Business Administration, opening another Cabinet-rank job for President Barack Obama to fill at the start of his second term.
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"It's almost like they don't give a damn," Hollywood legend and Republican supporter Clint Eastwood told CNBC, referring to the gridlock in Washington.
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Automatic government spending cuts due to go into effect March 1 unless Congress acts. The effect of the reductions would slash non-defense programs by 9 percent across the board and defense programs by 13 percent, the White House said.
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From long delays at the nation's airports to huge potential layoffs of government workers, Americans may soon feel the pinch of austerity. The Financial Times reports.
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Lawmakers are expected to approve New Jersey Governor Chris Christie's amendments to existing legislation on Internet gaming, reports CNBC's Brian Shactman.
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A hacker apparently accessed private photos and emails sent between members of the Bush family, including both former presidents.