Congress wants a say in Iran nuclear talks but it could further destabilize the Middle East in the process, says Dan Steinbock.» Read More
John Kasich warned Wednesday of an economic slowdown happening in the swing state ahead the presidential election, even as Huntington bank announced it is bringing 250 jobs to Ohio.
But Jay Carney, the president's press secretary, said it was only a restatement of his long-held position that the cuts were ``never meant to be implemented'' and that Obama is confident Congress will avoid them. ``First of all, the sequester is not something that I've proposed,'' he said. ``It is something that Congress has proposed.
WASHINGTON, Oct 23- President Barack Obama caught Capitol Hill by surprise with his comment that automatic spending cuts looming in January ``will not happen,'' kindling hope among Democrats but doubt among Republicans that he has a viable plan to replace them.
WASHINGTON-- Good luck figuring out whether Republican presidential candidate Mitt Romney would cut or raise your taxes if he's elected president. President Barack Obama promises tax reform, too, but precious little detail.
As the presidential election campaign grinds into November, Republican and Democratic lawmakers are busily hammering their own pitons into the fiscal cliff — staking out routes that could either force compromise or snap the economy’s safety lines.
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.
As the government closed the books Sunday with a $1.1 trillion deficit for the year, which required borrowing 32 cents for every dollar it spent, budget analysts have little confidence in either man's plan to address the accumulating debt, now at about $16 trillion.
CNBC's Hampton Pearson reports if Congress does not reach a budget deal, it could trigger a downgrade by Moody's.
A new book by Bob Woodward mines the details of the largely failed negotiations between House Republicans and the White House to tame the nation’s deficit, The New York Times reports.
Congressional Republicans next week will push a bill to extend the so-called Bush tax cuts for another year, House Speaker John Boehner said Thursday.
House Speaker John Boehner discusses President Obama's policies, the crisis in Europe and the potential fiscal cliff. "The President's policies have failed, and as a result, he has turned to the politics of envy and divide," says Boehner, and he also explains why he thinks "extending all of the current tax rates would be the first big step in the right direction."
House Speaker John Boehner is playing a heroic role right now. In his efforts to prevent the Bush tax cuts from expiring, Boehner is aggressively taking on President Obama’s leadership ineptitude on the economy.
House Speaker John Boehner (R-OH) says the House is working to stop a gigantic tax increase and it's time for the Senate to get to work, with CNBC's Maria Bartiromo.
House Speaker John Boehner (R-OH) shares his perspectives on how to cut spending and deal with the regulation he believes is hurting U.S. economic growth, with CNBC's Maria Bartiromo.
Speaker John Boehner says the House will vote Friday on a GOP bill preventing interest rates on federal student loans from doubling this summer. But the legislation will be paid for by cutting money from President Barack Obama's health care overhaul law.
A united House Republican leadership surrendered crisply and cleanly on legislation to extend expiring payroll tax cuts for 160 million Americans, skipping most if not all of the self-defeating drama that accompanied their far noisier retreat on the issue late last year.
President Obama signed legislation Friday extending a payroll tax cut for two months, concluding an end-of-year drama that split Republicans and threatened a tax hike on 160 million Americans.
Congress is set to move out its payroll tax extension deal today, but the plan could still get hung up if anyone in the House rank and file gets testy.
Speaker John Boehner, (R-OH) says a two month agreement has been reached on the payroll tax-cut extention bill and he will ask for unanimous consent.
Speaker John Boehner speaks on the payroll tax extension. 'It's time for us to sit down and have a serious negotiation and solve this problem so American workers don't see their taxes go up in January,' he says.