Congressional negotiators resolved policy disputes to reach a deal for a $1.1 trillion spending bill on Tuesday but may still need a stop-gap extension to avoid a government shutdown on Thursday.» Read More
WASHINGTON, July 15- The U.S. House of Representatives on Tuesday overwhelmingly passed a $10.9 billion extension of U.S. transportation funding through May 2015, a measure aimed at averting cutbacks in August in federal money for road, bridge and transit projects.
WASHINGTON, July 13- This year was supposed to be different for Congress. U.S. lawmakers expected that a promising budget deal reached after a government shutdown last year would herald a new normal for passing annual spending bills, moving Congress away from the crisis-driven approach and resulting economic jitters of recent years.
WASHINGTON, July 11- The U.S. Congress will ultimately support an extension of an interim agreement of talks on Iran's nuclear program, lawmakers and congressional aides said, despite calls by Republicans and some Democrats to abandon negotiations and return to tough sanctions to deter Tehran from building a nuclear bomb.
The House Appropriations Committee, responsible for how to spend a trillion dollars, lost its clout. Can the midterms help it return to power?
The current housing finance system is likely to be with us until after the 2014 midterm elections and probably well beyond.
A hotel executive and Democratic fundraiser has pleaded guilty in New York to witness tampering and conspiracy to evade campaign finance laws.
A bill to wind down mortgage financiers Fannie Mae and Freddie Mac would leave a decision on how to treat their private shareholders to the courts.
Partisanship is as bad as it gets, meaning raising the $17 trillion borrowing limit may be tougher than expected, POLITICO's Ben White says.
With bad weather preventing senators from traveling to Washington, a showdown vote on the unemployment bill was postponed until Tuesday.
Here's what's lawmakers are expected to focus on as they return to Capitol Hill.
Surprise! Washington could be slightly less dysfunctional next year. Keep an eye on the debt ceiling, tax reform and mid-term elections. POLITICO's Ben White reports.
CNBC's Rick Santelli discusses the latest action in the bond market, and explains how logistics move the market.
Senate Majority Leader Harry Reid was hospitalized as a "precaution" after feeling ill, and doctors concluded "everything is normal" after testing.
Most of Wall Street views a budget agreement as a done deal. If it's not, lots of people will have to rethink rosy scenarios for a happy New Year.
Congressional leaders from both parties are working out the details of a two-year federal budget deal they hope to vote on before the holiday recess.
The Senate is working on new sanctions in case Iran cheats on its pledge to roll back its nuclear program.
Senate Majority Leader Harry Reid's decision to blow up the filibuster on presidential nominations may raise new fiscal crisis risks.
Health and Human Services Secretary Kathleen Sebelius is returning to Capitol Hill for a fresh interrogation on the health care law.
The budget deal to reopen the government could make it easier for lawmakers to make major changes to tax policy, spending and entitlement programs.
LEE SACHS is Co-Founder & CEO of Alliance Partners says that the debt deal gives a window for US congress to work out their differences and not risk a further damage to their reputation.