On Wednesday night, after 33 years as a host, the longest late-night tenure ever, Letterman will close out his career. The NYT reports.» Read More
Americans and their elected officials continue to resist cuts to almost any specific program, big or small.
Congress is poised to send a massive, five-year farm bill that provides food for the needy and subsidies for the nation's farmers to the White House.
Sen. John McCain is well known as an opponent of wasteful spending, and on Thursday he decided to have a little fun at the expense of his colleagues.
The mayor of Richmond, Calif., is pushing a novel use of eminent domain to prevent foreclosures. Financial firms are very, very unhappy.
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.