With Obamacare predicted to generate more than a trillion in taxpayer spending, one U.S. representative thinks it's time for an inspector general.» Read More
CNBC's Jane Wells speaks to constituents in the 8th district of California to find out what business leaders are saying about the Minority Leader's handling of the "fiscal cliff."
Rep. John Boehner (R-OH), Sen. Harry Reid (D-NV), Sen. Mitch McConnell (R-KY) and Rep. Nancy Pelosi (D-NY) offer insight on meeting an agreement on the fiscal cliff.
WASHINGTON, Nov 2- After the Nov. 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of the year. Regardless of who wins the Nov. 6 presidential election, Obama will be in the White House during the final months of 2012 when the ``fiscal cliff'' must be dealt with.
For the first time, the richest member of Congress in Roll Call's annual list had a net worth of more than $300 million. So who was the richest?
Michele Bachmann's tendency to cause a ruckus on Capitol Hill made her a tea party sensation. Allen West of Florida, Steve King of Iowa and Joe Walsh of Illinois are all embroiled in tough and expensive races that are drawing plenty of spending by friends and foes from around the country.
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.
Discussing the investigation of House Financial Services Cmte. chairman, Spencer Bachus, with Peter Schweizer, Hoover Institute, and whether the STOCK Act goes far enough to stop insider trading in Congress.
The House leadership plans to bring the STOCK Act to the floor on Thursday. CNBC's Eamon Javers has the latest details on a bill that will prohibit insider trading by members of Congress.
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.
CNBC's John Harwood with details on who will represent House democrats on the debt super committee.
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..