As Congress met before a four-day weekend, Republicans and Democrats alike discussed legislation likely to go nowhere. The Fiscal Times reports.» Read More
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.
CNBC's Eamon Javers reports on the extension of the payroll tax cut.
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.
"This is why people get so frustrated with Washington," President Obama said Thursday after the GOP agreed to the Senate's measure on the payroll tax cut extension. CNBC's Eamon Javers reports.
Democratic strategists say the break in the deadlock will change "everything" in the new year, with CNBC's Eamon Javers. "For Democrats that say this is a big game changer, I say win 2012," he says.
CNBC's Eamon Javers reports on the losers and winners in the tax cut agreement, and debating whether both parties will eventually reach a full year agreement and if the Tea Party is to blame for the stalemate, with Howard Dean, former DNC chairman, and Tom Tancredo, (R) former Colorado congressman.
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.
House speaker, John Boehner, announces in a press conference, he and Sen. Harry Reid, (D-NV) have reached an agreement on the tax cut bill, saying sometimes it's hard to do the right thing, and sometimes it's politically difficult to do the right thing.
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.
Labor to launch attacks on Republicans in benefits fight, with CNBC's Eamon Javers. "The Democrats are secretly loving this," he says. "