The new bipartisan budget deal will be approved, but not everyone is going to be happy about it, Rep. Tom Cole, R-Okla., predicted on CNBC Wednesday.» Read More
LORDSTOWN, Ohio-- President Barack Obama's decision to help America's automakers could end up being what helps drive him back into the White House.
The budget deficit _ the shortfall created when the government spends more in a given year than it collects in taxes and fees_ topped $1 trillion for the fourth straight time in the budget year that just ended Sept. 30. It now borrows roughly 31 cents for every dollar it spends.
President Barack Obama achieved historic increases in fuel-economy standards that would save drivers money at the pump while raising the cost of new vehicles. Obama failed to persuade a Democratic Congress to pass limits he promised on carbon emissions and shelved a plan to toughen health standards on lung-damaging smog.
ROMNEY on Syria: "What I'm afraid of is we've watched over the past year or so, first the president saying, `Well, we'll let the U.N. deal with it.' And Assad _ excuse me, Kofi Annan _ came in and said we're going to try to have a cease-fire.
The fiscal cliff may sound like the name of an exercise retreat on a mountain top in Southern California, but the reality is not so pretty. What it refers to is the potentially dire economic situation the U.S. faces at the end of 2012. Here's a look.
WASHINGTON-- Mitt Romney's transition team is quietly talking with government officials and Capitol Hill to develop a plan, if he's elected, to prevent massive cuts to the defense budget and extend tax cuts first passed under President George W. Bush. The economic policy planning is a major element of what's dubbed " The Readiness Project" inside the campaign.
PARMA, Ohio-- Lest anyone forget the importance of Ohio's white, working-class voters, President Barack Obama sent a clear reminder on Thursday. Clinton implored voters to reward Obama for bailing out the auto industry, which has deep roots in Ohio. Ohio is at the center of both Obama and Republican Mitt Romney's campaign strategies.
Romney has said his focus on small business is what distinguishes himself from the last Republican president, George W. Bush. But their approaches to entrepreneurs seem pretty similar, according to the New York Times.
KEY IMAGES: The ad uses video from Mitt Romney' town hall-style presidential debate with President Barack Obama in Hempstead, N.Y., to attack the president's performance over the past four years. Median income is down $4,300 a family and 23 million Americans out of work.
WASHINGTON-- Sensing an opportunity to keep Maine's Senate seat in Republican hands, a super PAC started by GOP strategist Karl Rove is airing television ads in the state for the first time as part of a $5 million blitz in a handful of states.
How tonight's debate impacted the independent voter, with Jared Bernstein, Former chief Economist to VP Biden; Sara Fagen, Former Top Aide to President George W. Bush; Keith Boykin, Democratic Strategist; Jim Nussle, Former OMB Director; Ohio Republican Senator Rob Portman; and Austin Ligon, co-founder & former CEO of CarMax.
CNBC's John Harwood and Larry Kudlow speak to Glen Hubbard, Mitt Romney Economic Adviser, about how Governor Romney differentiated his plans from George W. Bush and President Obama.
President Obama addresses his take on assault-weapon policies, saying "My beliefs are to enforce laws we currently have, keep guns out of the hands of criminals, and that weapons designed for soldiers do not belong on the streets." Governor Romney discusses why he changed his mind on an assault-weapon ban.
Governor Romney differentiates himself and his policies from George W. Bush and Bush's administration, saying he will "crack down on China." President Obama says Romney is "the last person who is going to get tough on China."
NEW YORK-- A Republican-leaning independent group supporting Mitt Romney's presidential bid is spending $11.1 million on new television ads aimed at women. The group planned to air the new ad on national and local cable stations, and in Colorado, Florida, Iowa, Nevada, New Hampshire, North Carolina, Ohio and Virginia.
KNOXVILLE, Tenn.-- The Knoxville News Sentinel has ended a decades-old tradition of endorsing presidential candidates, saying it no longer has any special access to the candidates.
COLUMBUS, Ohio-- Ohio's state watchdog hasn't yet released an investigative report on the investment scandal that engulfed Ohio in 2005 _ and critics want to know why.
WASHINGTON-- The U.S. budget deficit has topped $1 trillion for a fourth straight year, but a modest improvement in economic growth helped narrow the gap by $207 billion compared with last year. The Treasury Department said Friday the deficit for the 2012 budget year totaled $1.1 trillion.
WASHINGTON-- The United States has now spent $1 trillion more than it's taken in for four straight years. The Treasury Department confirmed Friday what was widely expected: The deficit for the just-ended 2012 budget year _ the gap between the government's tax revenue and its spending _ totaled $1.1 trillion.
WASHINGTON, Oct 12- The Obama administration said on Friday it has not changed its stance on letting tax rates rise at year-end for high-income Americans, despite comments from Vice President Joe Biden in Thursday night's debate that seemed to suggest a shift.