The plan would shift the federal government's anti-poverty role largely to one of vetting state programs to distribute aid.» Read More
The House passes a one week stopgap to keep the government running, but the Obama Administration says it will veto it, and is developing contingency plans for a government shutdown. CNBC's Hampton Pearson reports on the economic impact of a government shutdown.
CNBC's Silvia Wadhwa reports from Frankfurt on the expected rate hike by the ECB. Many see it as a warning that countries have to be responsible for getting their own fiscal houses in order. And John Harwood reports on a new NBC-Wall Street Journal Poll. Also, a look at the weather forecast for The Masters in Augusta, Georgia.
The long-term budget path outlined by House Republicans may shake up this year’s already contentious budget debate as well as next year’s presidential politics, the NY Times reports.
The Republican budget proposal will eliminate the national debt while still preserving costly entitlement programs like Medicare and Social Security, Rep. Paul Ryan told CNBC.