CNBC's Eamon Javers reports the latest on President Obama's controversial executive order to raise overtime pay.» Read More
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.
The U.S. Treasury says the government will hit the debt ceiling on Monday, with CNBC's John Harwood.
Falling off the "fiscal cliff" is a bad thing, right? Not necessarily. Some states could begin collecting more in estate taxes.
A look at what's at stake in the "fiscal cliff" chess game being played out on Capitol Hill, with Eric Dinallo, Debevoise & Plimpton partner.
Rep. Jim Himes, (D-CT), discusses whether a bipartisan 'cliff' deal is possible before the end of the year.
Top U.S. lawmakers voiced rising fear on Sunday that the country would go over "the fiscal cliff" in nine days, and some Republicans charged that was President Barack Obama's goal.
Last month's dreams of a "grand bargain" of tax hikes and spending cuts seem long gone and a stop-gap that puts everything off for a while but resolves nothing is now the most promising alternative.
"What could have been a merry Christmas is going to turn to a ho-hum Christmas, and we can thank our, you know, politicians for getting in the middle of it all," said a retail analyst.
Can the Republicans recover from the fiscal cliff battle? Karen Finney, The Hill columnist and Katie Pavlich, TownHall.com, weigh in.
President Obama, trying to break the stalemate over the fiscal crisis, challenged Republicans on Friday to agree to a quick deal to prevent a tax increase for all but the wealthiest Americans and the expiration of long-term unemployment benefits.
Mad Money host Jim Cramer breaks down three separate scenarios to explain why the market did not get obliterated today after Speaker Boehner did not get enough support to vote on Plan B Thursday night.
CNBC's John Harwood reports the latest in Washington since Speaker Boehner did not receive the necessary support for "Plan B" Thursday night. CNBC's Melissa Lee and the Options Action traders discuss how the markets could react to a deal.
Rep. Mick Mulvaney, (R-SC), is willing to cut defense spending to achieve a fiscal deal. How much is he willing to cut?
U.S. and Brent crude fell as doubts about a fix for the U.S. "fiscal cliff" hit markets across the board.
Now what? With the "fiscal cliff" talks stalemated and the deadline days away, where do Obama and Congress go from here? Here are some possible scenarios.
The wealthy generally support higher income taxes, and that their support is growing, a new survey found.