A bipartisan compromise to overhaul Medicare bucks the popular impression that Washington can't accomplish anything at all.» Read More
WASHINGTON, Oct 12- The Obama administration said on Friday it has not changed its stance on letting tax rates rise at year-end for high-income Americans, despite comments from Vice President Joe Biden in Thursday night's debate that seemed to suggest a shift.
As the presidential election campaign grinds into November, Republican and Democratic lawmakers are busily hammering their own pitons into the fiscal cliff — staking out routes that could either force compromise or snap the economy’s safety lines.
President Barack Obama has called for keeping tax rates the same for families making less than $250,000 annually and raising them for those above that level.
As veterans of California's congressional delegation retire and send new reps to Washington, the state may not have the clout it once had to withstand to negotiate against huge cuts in federal spending in the coming years by Congress, the New York Times reports.
It is the attack-ad technique of choice for 2012: Anything you have said or done on film will be held against you. Its prevalence has helped make the Republican primary campaign a ferociously negative contest. The New York Times reports.
GOP presidential candidate Newt Gingrich took aim at President Obama, denied ever doing any lobbying and called out House Minority Leader Nancy Pelosi in a wide-ranging interview with Larry Kudlow Tuesday.
Republicans and Democrats have to compromise if there is going to be deficit reduction, House Minority Leader Nancy Pelosi told CNBC Friday.
After the weekend's International Monetary Fund (IMF) meeting passed with no concrete announcements on the resolution of the Eurozone debt crisis, one analyst called for a "Paulson moment" between politicians and fiscal policymakers in Europe.
Which members of the US Congress have the highest approximate net worth. Check out the list.
I hate to say it, but Nancy was right! I try to be apolitical. I think I succeed most of the time. Trashing both parties more or less equally allows me to stay balanced. So in that continuing effort to stay bland and uninteresting, I have to give mention to Nancy Pelosi who said a few weeks ago it might take a decline of hundreds of points in the market to get the Republicans attention.
Seeing the president and members of Congress in action gives a new perspective on the debt talks. Click for scenes from the talks, in the month leading up to the compromise.
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..
Representative Anthony D. Weiner has told friends that he plans to resign his seat after coming under growing pressure from his Democratic colleagues to leave the House in the wake of revelations of his lewd online exchanges with women, said a person told of Mr. Weiner’s plans, the New York Times reports.
House Majority Leader Eric Cantor said there may be hope Democrats and Republicans can come up with a deficit-reduction plan after hearing Minority Leader Nancy Pelosi say everything is on the table.
Everything must be on the table as the U.S. Congress works to cut the deficit, including Medicare, Social Security and entitlements
As the US is expected to reach the legal limit on its debt later today, Rep. Nancy Pelosi shares her thoughts with CNBC's Larry Kudlow.