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.» Read More
CNBC's John Harwood says all attention is focused on the Senate, where Harry Reid and Mitch McConnell both came to the Senate floor today to express their optimism that a deal would be struck.
The expectation that a debt deal may be forthcoming from talks in the Senate is "very possible," Sen. Bob Corker told CNBC.
Facing a looming federal default, the House GOP leadership will meet with President Obama at the White House on Thursday in a bid to resolve the budget deadlock.
House Speaker John Boehner says he is willing to negotiate budget issues with President Barack Obama without any conditions.
Sen. Ted Cruz talks and talks and talks about his opposition to Obamacare, and his love for "Green Eggs and Ham."
With the Senate thinking the unthinkable—a "nuclear option" on filibusters—you may have to consider politics before your next investment.
Lawmakers returned to fights over presidential nominations, student loans and the farm bill, and to the question of whether they can pass immigration reform.
U.S. Attorney General Eric Holder said on Tuesday he had ordered the FBI to open a criminal probe in a growing scandal over the Internal Revenue Service's targeting of conservative political groups.
Sen. Mitch McConnell, (R-KY), says targeting of conservative groups is not exclusive to the IRS.
President Obama blamed Republicans' refusal to close `wasteful' loopholes for the automatic budget cuts going into effect Friday, and said Americans will get through the crisis.
President Obama will meet Friday with the top leaders in the House and Senate, hours past the deadline for averting automatic budget cuts, to discuss how to proceed on divisive tax-and-spend issues.
The White House issued more dire warnings about the harm the cuts will do to Americans, breaking down the loss of jobs and services to each of the states.
Sen. Mitch McConnell, (R-KY) shares his hopes for President Obama's speech tonight. Amity Shales, "Coolidge" author, and Steve Moore, Wall Street Journal Editorial Board, weigh in.
An effort is building in Congress to change marijuana laws, including moves to legalize the industrial production of hemp and establish a federal pot tax.
The Senate's senior Democrat and Republican reached a tentative agreement to impose modest limits on the filibuster, the delaying tactic that minority parties have long used to kill legislation and was immortalized in the film "Mr. Smith Goes to Washington."
The president signals he's not bluffing over the debt ceiling.
Facing a February deadline, the Obama administration is calling gun owner groups, victims' organizations and video-game industry representatives to the White House for talks Wednesday on curbing gun violence.
The United States averted economic calamity on Tuesday when lawmakers approved a deal preventing huge tax hikes and spending cuts that would have pushed the world's largest economy off the "fiscal cliff" into recession.
The tentative agreement between the White House and Senate GOP leader Mitch McConnell would raise taxes by about $600 billion over 10 years. Here are highlights of the plan.
An annoyed President Obama said it was "mind boggling" that Congress has been unable to fix the "fiscal cliff." Then dispatched Senate Majority Leader Harry Reid, a Democrat, and Minority Leader Mitch McConnell, a Republican, on a mind-boggling mission: coming up with a bipartisan bill to break the stalemate - in about 48 hours.