President Obama said IRS conduct targeting conservative groups for extra tax scrutiny was "inexcusable" and that acting IRS Commissioner Steven Miller is out.» Read More
CNBC's Eamon Javers with details on the Boehner vote delay while the numbers are adjusted and the battle to raise the debt limit.
Last night, I spoke with David Beers, head of S&P's sovereign debt rating committee on CNBC’s Kudlow Report. He made it very clear: the U.S. must take steps to lower its debt/GDP trend over the long run.
The "Gang of Six" plan would cut corporate taxes. Sen Mike Crapo (R-ID) weighs in on the debt stalemate in Washington and what need to happen to find a deficit solution.
Can a bipartisan debt agreement be reached by the deadline? Sen. Richard Durbin, (D-IL) says the White House is working on a "Plan B".
As the high risk-game of chicken over raising the US debt ceiling draws closer to possible economic collision, one economist is warning that any deal that wins approval from the right-wing Tea Party movement will pass neither the Senate nor the president.
I know I’m supposed to be all freaked out about the nation reaching its debt limit and our credit being downgraded and we’ll stop paying some bills. But I live in California. This is normal. Daily panic and doomsday scenarios over government finances started here. Political gridlock, kicking the can down the road…that’s how we roll.
Martin Feldstein, Council of Economic Advisors former chairman, weighs in on the debate over raising the debt ceiling and what it means to the U.S. economy.
CNBC's Steve Liesman in a wide-ranging interview with William Daley, White House chief of staff says a deal will be done before the deadline.
CNBC's Eamon Javers with the latest details on the White House threat to veto Boehner's new debt plan.
CNBC's Steve Liesman with details on the White House threat to veto the Boehner debt plan, with William Daley, White House chief of staff.
It's this quartet who will have to draw on their experience, skill and charm to find the deal and the votes to pass it for averting an unprecedented government default next week..
Feeling obligated to watch the President I tuned in for a classic "not my fault but his fault" game of dodge-responsibility. Speaker Boehner wasn't any better. I got mad watching the politicians be politicians and I got Lola Jane mad by turning off Dora.
Worries about the debt ceiling derail the dollar, and kiwis fall after trade data disappoints - it's time for your daily FX Fix.
House Speaker John Boehner responds to President Obama's call to adopt a balanced approach to cutting the deficit and raising the debt ceiling.
President Barack Obama lays out his plan to cut the deficit and force the government to live within its means.
The big sticking points between the House GOP leadership and Sen. Harry Reid’s latest plan are 1) the House wants two debt increases, one this year and one next year (Reid has just one increase) and 2) the House Republicans want a guaranteed balanced-budget-amendment vote.
Speaker Boehner, (R-OH) and other Republicans outline the GOP's position on the debt limit.
The weekend ended with no deal on the debt ceiling. As I wrote last week, there are at least five reasons why the debt ceiling may not get raised. As we head into this week, the common wisdom remains that the debt ceiling will be raised one way or another. But will it?
Deadlocked debt-ceiling talks dent the dollar and send the Swissie soaring - it's time for your daily FX Fix.