Ben Bernanke earned more in 40 minutes on Tuesday than he made all of last year as head of the U.S. Federal Reserve.» Read More
WASHINGTON, Oct 1- Up to one million federal workers were thrown temporarily out of work on Tuesday as the U.S. government partially shut down for the first time in 17 years in a standoff between President Barack Obama and congressional Republicans over healthcare reforms.
WASHINGTON, Sept 30- The White House on Monday sought to quash any possibility that President Barack Obama would raise the U.S. debt ceiling by himself should Congress fail to do so before a mid-October deadline, as some have suggested he should.
It was a sign on the door of the Air and Space Museum in Washington saying "Due to the Federal Government shutdown, the Smithsonian Institution must be closed. But that shutdown, which lasted from Dec. 16, 1995 to Jan. 6, 1996 as Democratic President Bill Clinton battled a Republican-controlled U.S. House of Representatives, was a lot more than an inconvenience.
*After day of discord, no action in Senate until Monday afternoon. WASHINGTON, Sept 29- With a deadline to avert a federal government shutdown fast approaching, the U.S. Capitol was eerily quiet on Sunday as Republicans and Democrats waited for the other side to blink first and break the impasse over funding.
*No action in Senate until Monday afternoon. WASHINGTON, Sept 29- With just a day to go before a midnight Monday deadline to avoid a federal government shutdown, the U.S. Capitol building was eerily quiet on Sunday, with meeting rooms locked and no lawmakers to be found inside.
Janet Yellen found love at the Fed. She met him at a luncheon in 1977, launching a whirlwind romance that led to marriage in less than a year.
Sept 29- Janet Yellen found love at the Federal Reserve. In connecting with George Akerlof, then on a temporary assignment at the Fed's research division in Washington, Yellen discovered not just a soul mate but an intellectual equal with similar views about the societal impact of economic policy.
*Senate expected to reject loaded-up funding bill. WASHINGTON, Sept 29- The U.S. House of Representatives early on Sunday brought the federal government closer to a shutdown as it voted to delay President Barack Obama's landmark healthcare law for a year as part of an emergency spending bill.
*Senate expected to reject loaded-up funding bill. WASHINGTON, Sept 28- In a decision that could make a U.S. government shutdown hard to avoid on Tuesday, the House of Representatives on Saturday prepared to reject an emergency spending bill approved by the Senate and push instead to delay President Barack Obama's healthcare reform law.
WASHINGTON, Sept 28- The U.S. government edged closer to a shutdown Saturday as Republicans in the House of Representatives promised to reject an emergency spending bill approved by the Senate and push instead for a one year delay of President Barack Obama's healthcare reform law.
WASHINGTON, Sept 28- With conservative House Republicans promising not to back down on an emergency spending bill in a push to defund President Barack Obama's healthcare reform law, the U.S. government edged closer on Saturday to its first shutdown since 1996..
Panel after panel at this year's Clinton Global Initiative turned to one subject. It may not be what you think.
WASHINGTON, Sept 26- President Barack Obama visits a local college on Thursday to promote his signature healthcare program as it nears a critical enrollment phase, even as the law faces stiff political opposition and a wary public.
Maria Bartiromo leads a panel discussion at the Clinton Global Initiative.
CNBC's Maria Bartiromo sat down with former President Bill Clinton about the direction of the U.S. economy, and whether President Obama handled the Syria situation well.
Goldman Sachs CEO Lloyd Blankfein came out in defense of capitalism as well as bonuses after it received government aid during the financial crisis.
President, meet rock star. Rock star, meet president. Now, impersonate each other.
"It's important to remember that health care is the economy. ... The idea that we can separate out the two is a fantasy," Obama said.
WASHINGTON, Sept 24- The White House on Tuesday kicked off a six-month campaign to encourage millions of Americans to sign up for health coverage under "Obamacare," an effort in which the president and other political celebrities promote the law's promise of subsidized health coverage.
This could be too tall an order because Washington is already slashing spending on almost everything but the welfare state. To go further, Congress would likely have to make cuts in sacrosanct programs like pensions and healthcare for the elderly, something lawmakers appear loath to do.