A White House official called the proposal to tax 529 college savings plans a "distraction" and said there are other ways to raise revenue.» Read More
WASHINGTON, Jan 29- President Barack Obama will call for a 7 percent rise in U.S. domestic and military spending in his budget that would end caps known as' sequestration,' the White House said on Thursday, setting up a new source of conflict with Republicans in Congress. The White House rejects that criticism and hopes Obama can find common ground with lawmakers...
WASHINGTON— A bill that would levy tough new sanctions on Iran if it fails to sign an agreement to curb its nuclear program cleared a Senate committee on Thursday. Republican and Democratic members of the Senate Banking, Housing and Urban Affairs Committee voted 18-4 to pass the bill aimed at ramping up economic pressure on Iran starting in July if it doesn't ink...
WASHINGTON, Jan 7- Republicans in the U.S. House of Representatives failed on Wednesday to round up enough votes for a bill scaling back various financial reforms, a surprising defeat in an area conservatives hoped to prioritize this year. Republican Party leaders brought forward numerous bills to revamp financial reforms under President Barack Obama's...
WASHINGTON, Dec 13- The U.S. Senate on Saturday passed a $1.1 trillion spending bill that lifts the threat of a government shutdown as Congress attempts to wrap up a two-year legislative session marked by bitter partisanship and few major accomplishments. Passage of the 1,603- page bill was a long, tough struggle in the Senate and the House of Representatives...
House Minority Leader Nancy Pelosi mounted a last-ditch effort to block a spending bill, sparking fresh fears of a looming government shutdown.
WASHINGTON, Sept 11- Conservative groups kept up the pressure on Thursday to shut down the U.S. Export-Import Bank, but the agency's supporters and many lawmakers expect Congress to approve a deal next week to extend its charter for nine more months.
Dozens of internet companies are holding a symbolic slowdown today in protest of FCC chairman Tom Wheeler's net neutrality proposal. Re/code reports.
LOS ANGELES, Sept 8- Video streaming service Netflix Inc will join Reddit, Kickstarter and thousands of other websites on Wednesday in an online protest that calls for strong U.S. rules to ensure equal treatment of Internet traffic.
WALLOPS ISLAND, Virginia, Sept 4- Missions flown from the NASA base here have documented some of the most dramatic evidence of a warming planet over the past 20 years: the melting of polar ice, a force contributing to a global rise in ocean levels.
With Obamacare predicted to generate more than a trillion in taxpayer spending, one U.S. representative thinks it's time for an inspector general.
New Year's Day will bring a fresh test for President Barack Obama's healthcare overhaul, as hundreds of thousands of Americans will begin to use the program's new medical coverage for the first time.
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.
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 Republicans huddled on Friday to plot their next move amid a U.S. government shutdown and hopes for a deal to avoid a default.
The prospect of Congress failing to raise the nation’s debt limit has economists and investors exploring options the White House might have.
John Boehner tried to avoid defunding Obamacare in the budget negotiations. But his team capitulated yesterday. Here's what it's getting them.
President Obama is in the process of interviewing three candidates for the position at the helm of the central bank: Larry Summers, Janet Yellen, and a dark horse, Donald Kohn.
Furious lobbying and last-minute pleas to lawmakers ensured victory for the Obama administration as the House voted 217-205 to spare the NSA program.
The House speaker urged the president to push Democrats to back a move to switch student loan interest rates to a market-based system before they double.
CNBC's Maria Bartiromo speaks to House Speaker John Boehner (R-OH) about the leadership of Fed Chairman Bernanke and the impact QE is having on the U.S. economy.