A budget deal aimed at avoiding a U.S. government shutdown on Jan. 15 could emerge in Congress on Tuesday, aides said on Monday.» Read More
Rejecting conservative opposition, Congress approved a $9.7 billion aid package for victims of super storm Sandy on Friday after a near mutiny by East Coast Republicans against House Speaker John Boehner.
Conservatives say that unless the U.S. gets control of the federal debt, a Greece-like economic collapse is just around the corner. But a long-term whimpering, like we've been hearing out of Japan, is more likely.
The White House warned Friday that Congress should avoid "playing with dynamite" in what's shaping up as the next "cliff" battle -- increasing the nation's debt ceiling.
Speaker Boehner was re-elected, but 9 GOP members voted against him. Rep. Jim Bridenstine (R-OK) and Robert Costa, National Review, share their opinions on today's action.
Rep. John Boehner was re-elected House speaker on Thursday as the 113th Congress ushered in the new and the old -- dozens of eager freshmen determined to change Washington and the harsh reality of another stretch of bitterly divided government.
House Speaker John Boehner spoke after his re-election, saying that the economy is not producing enough jobs.
After bruising fights in GOP ranks over the "fiscal cliff" and aid for victims of super storm Sandy, Congress started a new session Thursday with Republicans more divided than ever.
Rep. John Boehner has been re-elected to Speaker of the House, reports CNBC's Eamon Javers.
CNBC's Eamon Javers reports new members of the 113th Congress will be sworn in later today.
Sen. Richard Shelby told CNBC he voted against the "fiscal cliff" deal it moves us from one crisis to another crisis in "less than" eight weeks.
The White House has "somewhat less leverage" in upcoming budget talks, said former Obama Office of Management and Budget director Peter Orszag.
U.S. House Speaker John Boehner made a U-turn on Wednesday to clear the way for approval of $60 billion in Superstorm Sandy relief by mid-January after drawing withering fire from fellow Republicans, including New Jersey Governor Chris Christie, for canceling an earlier vote.
CNBC's John Harwood reports Speaker Boehner has had a rough couple of weeks, with the controversy over Hurricane Sandy and the rejection of Plan B; and Ron Meyer, American Majority Action and Robert Costa, National Review, weigh in on the Boehner drama.
Speaker Boehner adjourned Congress without addressing the aid for Sandy victims, reports CNBC's Eamon Javers. Rep. Charlie Rangel (D-NY) and Rep. Mick Mulvaney (R-SC), share their opinions on the $9 billion in Sandy aid that will be voted on this Friday.
An emergency deal reached after weeks of rancorous negotiations will keep the U.S. from driving off the "fiscal cliff," but higher taxes and continued political bickering in Washington threaten to shake the fragile economy well into 2013.
New Jersey Gov. Chris Christie blasted fellow Republican John Boehner and the GOP-controlled House on Wednesday, saying he was disgusted that Congress failed to approve emergency aid for victims of Superstorm Sandy.
Rep. King says Speaker Boehner has promised two votes on Sandy aid, with CNBC's Eamon Javers.
PIMCO’s Bill Gross says it’s a mistake to attribute today’s strong stock rally to relief that Congressed finally managed to avert the “fiscal cliff.” (2:43)
While the tax package that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013.
Republican Sen. Bob Corker told CNBC on Wednesday that voting for the deal to avoid the "fiscal cliff" was like "eating a you know what sandwich."