CNBC's John Harwood reports how President Obama is handling immigration issues while in Texas.» Read More
After initially dismissed questions surrounding donor Norman Hsu, Hillary Clinton's 2008 presidential race has moved to limit the fallout. The campaign has said it will give away Hsu's donations, and Hsu himself has said he will no longer give money to candidates now that reports have surfaced that he's a fugitive from California authorities in a 1990s grand theft case.
The 2008 presidential race will produce a sharp debate over tax policy–-on individuals, estates, investments and corporations. But voters will have to wait for the general election to hear it. That’s because there’s substantial agreement on the biggest policy questions within each party’s field of primary candidates. And for now, those broad areas of consensus have left primary rivals to bicker at the margins.
In addition to campaign finance, Sen. Barack Obama has found a new issue to use in pushing his campaign for changing business as usual--the subprime mess. In a piece in the Financial Times today, Obama blames the problem partly on the mortgage industry's lobbying clout. It's a nifty attempt to add to voters' growing list of complaints against Washington...
I blogged yesterday about the possibility that the campaign finance questions kindled by the Wall Street Journal yesterday--which involved a top fund-raiser named Norman Hsu--could get any worse for Democratic front-runner Hillary Clinton. That is precisely what happened today.
The political world is buzzing over the salacious news surrounding Sen. Larry Craig of Idaho, the conservative Republican caught up in a police sting that targeted sexual activity in a men's restroom. The news endangers Craig's career, at minimum, and might conceivably threaten the GOP's grip on his Senate seat should he be ultimately be forced aside. At a time when Republican social conservatives are already dispirited by the woes of President Bush...
We are creeping closer to the point of full engagement in the 2008 presidential race--but not there yet. On the Democratic side, John Edwards and Barack Obama are gingerly ramping up their criticism of front-runner Hilllary Rodham Clinton. With the Iowa caucuses just four months away--and Clinton leading polls nationally and in early states alike--they need to.
One question about market turbulence that I'll be watching is its effect on the 2008 presidential race. It's not clear the disruptions will prove long lasting, much less lead to an economic recession. If it proves a short-term blip, the effects will be negligible.
In an exclusive interview with CNBC's Becky Quick last night in Omaha before his Barack Obama fundraiser, Warren Buffett said the current market chaos and turmoil will probably create buying opportunities for him and Berkshire Hathaway. UPDATED AT 9:45am et WITH VIDEO CLIPS OF BECKY'S SQUAWK BOX REPORTS.
A video dispatch filed from Omaha by CNBC's Becky Quick has just arrived. In it, she reports on her exclusive interview with Warren Buffett ahead of tonight's fundraiser for Barack Obama .. and we hear from Mr Buffett on the tax code and how market chaos can create opportunities.
One of the more interesting aspects of last night's Berkshire Hathaway portfolio filing is the appearance of just under 3 million shares of Dow Jones stock. We now know who sold those shares to Warren Buffett. PLUS: A preview of tonight's real-time coverage as Buffett hosts a fundraiser in Omaha for Barack Obama's presidential campaign.