As Congress met before a four-day weekend, Republicans and Democrats alike discussed legislation likely to go nowhere. The Fiscal Times reports.» Read More
House Speaker John Boehner (R-OH) discusses the possibility of a government shutdown.
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.
CNBC's John Harwood reports the details on the GOP's alternative jobs bill, and debating whether pro-growth tax reform legislation is needed, with Jared Bernstein, Center on Budget and Policy Priorities, and Rep. Nan Hayworth, (R-NY).
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.
CNBC's John Harwood reports the latest details on House Speaker Boehner's jobs creation plan which does not include tax increases.
House Speaker John Boehner presents the Republican jobs plan to the Economic Club of Washington. CNBC's John Harwood has the details.
Is all the partisan bickering and clashing hurting the economic recovery? Andrew Parmentier, Height Analytics, and Bill George, former Medtronic chairman/CEO weigh in.
CNBC's John Harwood with a look at the confusion over the date for President Obama's speech to Congress on September 8th, and a preview of what might be in his job proposal.
CNBC's John Harwood reports House Speaker John Boehner has requested the President move the date on his address to Congress.
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.
So markets finally have a deal on the US debt ceiling, and it has been passed by the House of Representatives, but was all the fighting over how to cut spending really worth it?
Equity markets are set for another risk-on phase following Washington’s last minute agreement on raising the debt ceiling, according to Mike Lenhoff, chief strategist at Brewin Dolphin Securities.