Republicans in the House were falling in line behind a two-year budget deal, indicating that the rambunctious lawmakers are not spoiling for a fight.» Read More
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.
After last night's failure to bring "Plan B" to the House floor, what are the remaining options? Zachary Goldfarb, The Washington Post, and Manu Raju, Politico, discuss.
CNBC's John Harwood reports the latest on the fiscal cliff.
The House Speaker in a press conference is holding out at least some hope that something could still get done, reports CNBC's Steve Liesman.
"We have to find a way to address the spending problem," said House Speaker Boehner, in a press conference on facing the nation's looming "fiscal cliff."
"The President has something of a plan," CNBC's Steve Liesman reports.
Global investors are betting Washington will overcome its budget deadlock despite an apparently serious setback. Republican lawmakers rejected a proposal on Thursday by their leader, House of Representatives Speaker John Boehner, designed to extract concessions from President Barack Obama.
Facing a GOP revolt, House Speaker John Boehner abruptly canceled a vote Thursday night on a plan to raise taxes for the wealthy, bringing the country closer to a plunge down the "fiscal cliff."
Reuters is reporting according to a Republican aide, the GOP might return December 27, and that they might have a new fiscal cliff plan. CNBC's John Harwood and Larry Kudlow, share their opinions.
"The markets expect something will get done, even with the developments tonight," says Joe Terranova of Virtus Investment Partners. Sarah Fagen, Former George W. Bush senior aide, and Matt Miller, Washington Post, weigh in.
Discussing Speaker Boehner's comment that "it is up to the President to work with Senator Reid on legislation to avert the fiscal cliff," with CNBC Contributor Jared Bernstein and Katherine Mangu-Ward, Reason Magazine; and checking on the Asian markets, with CNBC Asia's Adam Bakhtiar.
There won't be a house vote on Boehner's "Plan B" tonight. Will this spark a year-end correction? Brian Kelly of Shelter Harbor Capital and Jim Iuorio, TJM Institutional Services, discuss. "The markets are going to start pricing in that we're fully going over the cliff," says Kelly.
Speaker Boehner is saying "Plan B" did not have sufficient support from House members, with CNBC's John Harwood and Larry Kudlow; and Sarah Fagen, Former George W. Bush senior aide, and Matt Miller, Washington Post, discuss the likelihood of going over the cliff.
CNBC's John Harwood and Larry Kudlow discuss news the House will remain in recess until after Christmas and there will not be a vote on "Plan B" tonight. Heather Higgins, Independent Women's Voice president, weighs in.
House Speaker John Boehner is gathering the Republicans into a caucus right now, and the vote on his "Plan B" is delayed, with Heather Higgins, Independent Women's Voice president and Ben Jealous, NAACP president & CEO.