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President Barack Obama says he doesn't expect Congress to breach the deadline to increase the nation's borrowing limit.
House Speaker John Boehner denounced Washington's political stalemate, insisting that Congress isn't playing "some damn game."
The Federal Reserve could reduce the pace of its bond-buying stimulus despite the government shutdown, a Fed official said on Friday.
A disavowal from the White House press secretary illustrates how the shutdown is rooted in bitter distrust between the administration and GOP leaders.
Champagne time? Friday marks the 100th anniversary of the current U.S. income tax code. It's doubtful anyone will celebrate what one expert calls a system run amok.
If Congress fails to raise the debt ceiling, the Treasury Secretary will have to figure out how to make due with a third less in government funds.
The stalemate over U.S. budget talks has foiled U.S. President Barack Obama's plans to travel to Asia this weekend.
Nearly 50% of FDA employees have been sent home and many of the agency's day-to-day activities are on hold until the budget impasse is over.
Just hours before Congress shut down the federal government, the Pentagon quietly went on a shopping spree and spent billions.
Former Minnesota Governor Jesse Ventura ripped the shutdown, citing the divisiveness as reason to start a "revolution" and abolish political parties.
The Treasury is warning that the economy could plunge into a downturn worse than the Great Recession if the country defaults on its debt obligations.
The government standoff is different from the 2008 financial crisis because it is "self-inflicted," Hank Paulson told CNBC.
President Obama's best friend could be Wall Street's worst nightmare. A market crisis could be just what settles the impasse in Washington.
Wall Street needs to be genuinely worried about what is going on in Washington, President Barack Obama told CNBC.
After meeting at the White House, Senate Minority Leader Mitch McConnell says Washington is far from resolving its differences over the U.S. government shutdown.
In an exclusive interview, the president warned Wall Street that this shutdown could be different—and Twitter did not take the news quietly.
CEOs from major banks met with President Obama on Wednesday and warned of the consequences if lawmakers fail to raise the US debt ceiling.
From Alcatraz to Hollywood, blood drives and daycare, the US government shutdown is having a serious ripple effect.
Senate Majority Leader Harry Reid sent a letter to House Speaker John Boehner offering budget talks, and the two spoke by phone Wednesday.
According to the former representative, both parties are "trying to bamboozle the American people."
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