America's permanent partisan war for now shifts exclusively to the campaign trail. Here's what you need to pay attention to.» Read More
World markets have behaved until now as if it were inevitable that Congress would raise the debt ceiling before the Treasury Department exhausts its ability to pay all of its bills in early August. The breakdown of negotiations Friday has jolted that sense of equanimity, the New York Times reports.
President Barack Obama and top congressional lawmakers Saturday attempted to salvage a deal to avoid a catastrophic debt default after a collapse in deficit talks left both sides angry and frustrated.
President Barack Obama and congressional leaders are scrambling to find a way ahead on a debt deal after House Speaker John Boehner threw negotiations into crisis by walking out less than two weeks before the deadline to avoid a potentially catastrophic default.
Debt-talk drama is likely to put markets on the defensive next week. Plus, a third of the S&P reports earnings, including Boeing, Ford and ExxonMobil, and the first look at Q2 GDP.
GOP House Speaker John Boehner explains why he walked out of debt talks with President Obama. "It's not in the best interest of the country to raise taxes during this difficult economy," he says.
The only talks to raise the federal government's debt ceiling are now being held between the White House and House Speaker of the House John Boehner.
Declaring "11th hour" urgency" to raise the government's borrowing limit, President Barack Obama on Tuesday hailed a plan by "Gang of Six" senators from both parties to reduce federal deficits as the kind of balanced approach that could break an economy-threatening deadlock. He said it was time for Congress as a whole to rally around such a proposal.
With a default deadline looming, House Republican leaders are giving the Tea Party what amounts to a symbolic floor vote on its "cut, cap and balance" debt-limit plan.
At a private meeting about deficit reduction at the White House last week, Speaker John A. Boehner told his fellow Congressional leaders and President Obama that he did not spend 20 years working his way up to the top job on Capitol Hill just for the cachet of the title — he wanted to accomplish something big, the New York Times reports.
CNBC's John Harwood reports the Biden talks have reached an impasse, as talks have turned towards making hard money decisions; such as tax hikes and spending.
President Barack Obama and House Speaker John Boehner will hit the golf course Saturday—for a chance to 'bond' over the links. Who do you think will win?
Recent signs that the economic recovery is flagging have introduced a new tension into the bipartisan budget negotiations.
Not many things have emerged from the quagmire of US Congress recently which have produced a truly pleasant surprise. But could the troubled asset relief programme - better known as Tarp - turn out to be one?
The government now borrows about 42 cents of every dollar it spends. Imagine that one day soon, the borrowing slams up against the current debt limit ceiling of $14.3 trillion and Congress fails to raise it.
The budget deal struck last week amounts to a bet by the Obama administration that the loss of $38 billion in federal spending will not be the straw that breaks the back of a fragile economic recovery, the New York Times reports.
The key to job growth is to revamp the corporate tax code, House Speaker John Boehner, (R-Ohio), told CNBC Monday.
As the Japanese race the clock to avert a nuclear meltdown at a power plant, House Speaker John Boehner, (R-Ohio), told CNBC Monday that the US needs to assess both the Japanese situation and its own relationship with nuclear energy.