Energy experts at IHS Ceraweek say market dynamics will keep the lid on prices of U.S. natural gas even if more expensive techniques are used to extract it.» Read More
The Sandy aid bill should go to the House floor as the "first order of business" in the new Congress, Rep. Steve Israel said on CNBC's "Squawk Box."
A bipartisan furor erupted after House Republican leadership decided to allow the current term of Congress to end without holding a vote on aid for victims of Superstorm Sandy.
The United States averted economic calamity on Tuesday when lawmakers approved a deal preventing huge tax hikes and spending cuts that would have pushed the world's largest economy off the "fiscal cliff" into recession.
President Obama addresses the successful effort to avoid the worst of the "fiscal cliff," as well as what still needs to be done. He says Washington still needs to get together to cut spending in the coming year, hopefully, with "less drama."
The Senate approved the "fiscal cliff" deal in a late-night vote. House GOP leaders said, "The House will honor its commitment to consider the Senate agreement if it is passed." The House meets on New Year's Day.
Senate Minority Leader Mitch McConnell goes to the floor to say a deal on the major tax aspects of the "fiscal cliff" is very close and should get a vote, even without an agreement on spending. (2:27)
Republican Sen. Bob Corker told CNBC on Monday he expects a deal to avoid the "fiscal cliff" would be worked out before the midnight deadline.
The top leaders in both parties on the House and Senate Agriculture committees have agreed to a one-year extension of the 2008 farm bill that expired in October, a move that could head off a possible doubling of milk prices next month.
An annoyed President Obama said it was "mind boggling" that Congress has been unable to fix the "fiscal cliff." Then dispatched Senate Majority Leader Harry Reid, a Democrat, and Minority Leader Mitch McConnell, a Republican, on a mind-boggling mission: coming up with a bipartisan bill to break the stalemate - in about 48 hours.
With "fiscal cliff" talks going to the wire, President Obama said Friday he was optimistic that an agreement can be reached in time to avert the automatic tax increases and spending cuts that could throw the economy back into recession.
Anti-tax crusader Grover Norquist repeated his call for spending cuts instead of tax increases to deal with the country's fiscal problems.
Democratic and Republican sources involved in negotiations reported some progress Friday toward a potential deal averting the "fiscal cliff" ahead of an afternoon summit at the White House between President Barack Obama and congressional leaders.
If no "fiscal cliff" deal is reached, Americans could feel pain as taxes rise, unemployment benefits are cut and smaller changes take effect.
President Obama will meet with congressional leaders on Friday in a last-ditch effort to avert a fiscal crisis. The NYT reports.
Sen. Kay Bailey Hutchison, (R-TX), discusses whether Speaker Boehner has exhausted his options.
Business managers have blamed uncertainties over the looming "fiscal cliff" for their lack of new hiring. We may be about to find out just how justified those fears are.
"I think the market is going to punish us for our failure to act, and it may be the only thing to get us to act," said Rep. Peter Welch, (D-VT), discussing some of the issues preventing lawmakers from reaching a "fiscal cliff" agreement.
Senate Majority Leader Harry Reid calls on House Speaker John Boehner to allow a vote on the bill already passed by the Senate that would extend Bush-era tax cuts for those earnings less than $250,000 per year.
Tai Hui, Chief Market Strategist Asia, J.P. Morgan Funds says that recession will return to haunt America if Congress can't find a solution to the budget gridlock.
Treasury Secretary Timothy Geithner on Wednesday notified Congress that the U.S. is going to hit the debt ceiling on New Year's Eve.