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Harry Reid

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  • Congress posts member financial data on Internet Monday, 1 Oct 2012 | 3:37 PM ET

    WASHINGTON-- House Speaker John Boehner bought stock in two health care companies this year, while third-ranking House Republican Kevin McCarthy bought and sold Apple stock within a few days. The initial disclosures for members of Congress were posted Monday on the Internet. Congress passed the law as part of an effort to repair its sagging public image.

  • Payroll Tax Extension Can Get Done: House Majority Leader Wednesday, 21 Dec 2011 | 12:14 PM ET

    The U.S. House and Senate were "very close" to a deal on extending the payroll tax holiday and unemployment benefits when the Senate called off talks and went home, House Majority Leader Eric Cantor told CNBC Wednesday.

  • House Rejects Senate Bill to Extend Payroll-Tax Cut Tuesday, 20 Dec 2011 | 3:45 PM ET
    The House rejected the version of the bi-partisan two-month payroll tax cut extension that was approved by a majority of the Senate.

    An extension of the payroll-tax cut was in serious jeopardy Tuesday as the House and Senate refused to negotiate a compromise that affects 160 million Americans.

  • Scheduled to vote today, the House of Representatives is contentiously debating a Republican proposal that rejects a two-month extension of the payroll tax cut and unemployment benefits.

  • Scenes From the Debt Ceiling Talks Wednesday, 3 Aug 2011 | 3:30 PM ET
    The discussion over the U.S. debt ceiling had been going on for months, but an agreement wasn’t signed into law until the deadline set by the U.S. Treasury was reached. The debate was a rollercoaster that both shifted markets and brought the fiscal discipline of Washington to the forefront. Everyone from markets, ratings agencies, government officials, and other countries urged the U.S. to find a solution to the debt-ceiling debate. For better or for worse, Congress and the president were able t

    Seeing the president and members of Congress in action gives a new perspective on the debt talks. Click for scenes from the talks, in the month leading up to the compromise.

  • US Debt Clashes to Continue, Downgrade Likely: Analysts Wednesday, 3 Aug 2011 | 2:54 AM ET
    President Obama and Speaker of the House Rep. John Boehner

    The US is likely to see its debt downgraded by the credit rating agencies, despite the passage of a bill to raise the country's debt ceiling on Monday, analysts told CNBC.

  • Sen. Reid with Debt Deal Update     Monday, 1 Aug 2011 | 1:07 PM ET

    Sen. Harry Reid (D-NV) provides an update on the debt deal talks in Congress.

  • Moody's declined to comment about how it would react to the government's tentative deal, but it referred back to its latest report it released on the U.S. debt debate.

  • Nation Calls Capitol Mad, and It Agrees Saturday, 30 Jul 2011 | 3:18 PM ET

    If the rest of the country thinks that Washington has gone mad this summer, that is pretty much the view in this bewildered capital, too. The New York Times reports.

  • Debt Crisis, Buying Opportunity for the Chinese? Friday, 29 Jul 2011 | 1:44 AM ET

    As America’s largest foreign creditor, China has little option but to hope for the best and try to calm jittery markets in the event of a downgrade of US debt by the ratings agencies according to economists at Capital Economics.

  • "Go the F**k to Sleep" by Adam Mansbach

    Author Adam Mansbach said what every parent was thinking, "Hey, kids: 'Go the F— to Sleep.'" Now, one TV anchor is saying what most of America has been thinking: "Hey, Congress: 'Go the F— to Sleep!'"

  • US Downgrade Good for Dollar? Don't Rule It Out Thursday, 28 Jul 2011 | 2:36 AM ET
    President Barack Obama

    When "the dollar is the reserve currency underpinning the system, waking up to discover that U.S. debt may not be AAA after all is surely a market event,” says an analyst at one European bank.

  • If There's a Debt Deal, These Four Will Make It Happen Tuesday, 26 Jul 2011 | 2:53 PM ET
    Senate Majority Leader Harry Reid and House Speaker John Boehner

    It's this quartet  who will have to draw on their experience, skill and charm to find the deal and the votes to pass it for averting an unprecedented government default next week..

  • What’s So Bad About the Reid Plan? Monday, 25 Jul 2011 | 4:33 PM ET
    US Senate Majority Leader, Senator Harry Reid

    The big sticking points between the House GOP leadership and Sen. Harry Reid’s latest plan are 1) the House wants two debt increases, one this year and one next year (Reid has just one increase) and 2) the House Republicans want a guaranteed balanced-budget-amendment vote.

  • House to Vote on Tea Party-Backed Debt Plan Tuesday, 19 Jul 2011 | 9:08 AM ET

    With a default deadline looming, House Republican leaders are giving the Tea Party what amounts to a symbolic floor vote on its "cut, cap and balance" debt-limit plan.

  • Obama Invites Senate Leaders to Discuss Debt Limit Friday, 24 Jun 2011 | 12:25 PM ET

    The White House says President Barack Obama is stepping directly into stalled debt talks, inviting Senate Majority Leader Harry Reid and Republican leader Mitch McConnell separately to discussions Monday.

  • US Economy’s Woes Shift the Focus of Budget Talks Thursday, 9 Jun 2011 | 6:12 AM ET

    Recent signs that the economic recovery is flagging have introduced a new tension into the bipartisan budget negotiations.

  • Tarp Shows That US Can Break Political Deadlock Thursday, 12 May 2011 | 11:51 PM ET
    U.S. Senate Majority Leader Sen. Harry Reid and Speaker of the House Rep. John Boehner.

    Not many things have emerged from the quagmire of US Congress recently which have produced a truly pleasant surprise. But could the troubled asset relief programme - better known as Tarp - turn out to be one?

  • Commentary: Higher US Taxes Are Coming Wednesday, 13 Apr 2011 | 2:13 AM ET
    Barack Obama

    What does the rise of libertarianism portend for the future of the US? This is not a question of interest to Americans alone. It matters almost as much to the rest of the world.