Obama just retreated after a live-fire experiment in tax reform and deficit reduction.» Read More
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.
The U.S. House of Representatives will vote sometime Tuesday on a Republican plan calling for new negotiations with the Senate on extending a payroll tax cut now set to expire on Dec. 31, House lawmakers said on Monday.
Valerie Jarret, President Obama's senior advisor shares details behind House Speaker John Boehner's promise to vote down a Senate bill that extends payroll tax cuts for another two months.
Both parties agree the payroll tax cut needs to be extended for a year, says Rep. John Boehner, (R) House Speaker. "You can't do tax policy two months at a time," he adds.
As we seek your votes on this year's candidates, you’ll note that we have few repeats from 2010 and only one person who also made our inaugural list of 2009.
After struggling all year for an economic message that resonates broadly with Americans in hard times, President Obama and Congressional Democrats have settled on one they believe can carry through next year’s election as they use a fight over payroll taxes to portray Republicans as defenders of the wealthy at the expense of the middle class. The New York Times reports.
Didn’t our Democratic friends always intend to derail the supercommittee over the top Bush tax rates? You remember that $800 billion revenue number always floating around from the Democratic leaks?
Lawmakers in Washington are still at odds over spending and debt reduction. There's a key vote in the Senate later today, but is there any chance of a resolution? CNBC's John Harwood explains. Harwood also weighs in on the likelihood of a Chris Christie presidential run.
It's back to the future as Congress tussles over a continuing resolution to fund the government. Here's how to trade on the brinkmanship.
Whether the taxes on the rich in Europe raise enough money to close much of their budget shortfalls, they are being promoted as a step toward economic fairness at a time when governments are cutting spending on social programs like pensions, health care and education. The New York Times reports.
House Speaker John Boehner is calling for tax reform. In a speech today at the Economic Club of Washington, Boehner stressed the need to close loopholes and not raise income taxes that would hurt job growth.
Is all the partisan bickering and clashing hurting the economic recovery? Andrew Parmentier, Height Analytics, and Bill George, former Medtronic chairman/CEO weigh in.
As a long-time bond bull, my gratitude to the know-nothings in the Tea Party is profound. So what if they played a major role in taking a thousand points off the stock market in the wake of the U.S. debt downgrade?
If part of your investing strategy this year is based on the presidential cycle, you need to acknowledge that things are not going as planned. Streaks last until they don’t. Similarly, if your investing strategy is based on an economic recovery, you will need to acknowledge that growth has slowed.
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.
There is something you should know about the deal to cut federal spending that President Obama signed into law on Tuesday: It does not actually reduce federal spending, the New York Times reports.
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.
The bear market is on its way back, economist and contrarian investor Marc Faber, the editor and publisher of The Gloom Boom & Doom Report told CNBC Tuesday.
The debt ceiling debacle and the latest Greek bailout deal are almost behind us, but euro and dollar investors still aren't happy.
After the drama of the debt ceiling talks which went down to the wire, investors are now refocusing on the sharp slowdown in the US economy, as downgrades of historical growth estimates show how weak the recovery has been.