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Most of Wall Street views a budget agreement as a done deal. If it's not, lots of people will have to rethink rosy scenarios for a happy New Year.
Democrats counting on Obama simply to pass the torch to Hillary Clinton may be in for a letdown, if this expert's analysis is correct.
The national party and its supporters in business are desperate for a candidate who can reverse its trends with women and minorities.
Senators Graham and McCain threaten to put Janet Yellen's Fed chair nomination on hold. CNBC's Tyler Mathisen reports the details.
Leaders from both parties insist a new government shutdown must be avoided although a plan to dodge it is still elusive and Sen. Ted Cruz is urging a repeat.
Sen. John McCain, R-Ariz., told CNBC on Thursday that lawmakers should try the regular budget process for a change.
'What has been done to the civilian sector ... is so harmful,' says Sen. John McCain, (R-AZ), discussing the impact of the shutdown on American citizens as well as both political parties. McCain also shares his thoughts on how Congress can likely reach a compromise on the budget.
Sen. John McCain, (R-AZ), weighs in on Harry Reid's comments, the ability to negotiate on the debt ceiling, and explains why he thinks repealing Obamacare is a "fool's errand."
"There has been too much damage and harm inflicted on innocent people; we have to get the government open," says Sen. John McCain (R-AZ).
Leaders are counting on an economic meltdown to pull Republicans into line, but a broad section of the party says a default poses little threat.
Republican John McCain reacts to the threat of the debt ceiling. CNBC's Hampton Pearson has the details.
Sen. John McCain, (R-AZ), explains why any military strike against Syria must take out Syrian President Bashar Assad's command and control capability, and "get the right weapons to the right people" and "turn this situation around."
The United States is unlikely to make significant cuts in assistance to Egypt, despite calls from Congress to do so and a Cabinet-level meeting this week.
Sen. John McCain and President Barack Obama may seem like an unlikely team, but amid an uncooperative House and Senate, they are coming to the middle and working to compromise.
Former Rep. Barney Frank on Monday dismissed calls to bring back a Depression-era law that divided commercial and investment banking.
The big banks should not be allowed to dip into FDIC-insured deposits to engage in risky trading activities, Sen. Elizabeth Warren, D-Mass., said on CNBC Friday, as she pushed for a new, modern-day bank breakup bill.
Elizabeth Warren, (D-MA), defends the 21st Century Glass-Steagall Act, her bill designed to rein in too-big-to-fail banks.
"For the life of me, I do not understand... why anyone would want to recreate the very companies that caused the past financial crisis," declared Dick Kovacevich, former chairman & CEO at Wells Fargo, sharing his views on breaking up big banks and the future of financial institutions.
CNBC's Eamon Javers reports John McCain and Elizabeth Warren are joining forces to introduce a bill that would reinstate the Glass-Steagall Act.
Sen. John McCain, (R-AZ), weighs in on the NSA scandal and Edward Snowden's pursuit of asylum in China and Russia.