CNBC's John Harwood reports Congress is inching closer to a budget deal that would prevent another fight over the debt ceiling and a potential government shutdown.» Read More
A massive foreclosure rescue bill overwhelmingly cleared a key Senate test Tuesday, drawing broad support from Democrats and Republicans alike.
A plan to help hundreds of thousands of homeowners avoid foreclosure is drawing bipartisan support in the Senate, setting the stage for high-stakes negotiations among congressional Democrats.
2008 may prove better than most political years for surviving charges of flip-flopping. And Barack Obama and John McCain have both set out to test their luck.
The Republican presidential nominee-in-waiting is proposing a $300 million government prize to whomever can develop an automobile battery that far surpasses existing technology.
The US Government has been trying to find ways to reduce the country's dependence on imported oil in a number of ways.
The US move to biofuels has been a remarkably successful experiment in renewable energy promotion despite its inadvertent, and probably exaggerated, effect on higher agricultural prices. But the industry's future lies in next generation, non food-derived biofuels.
The following is an unofficial transcript of my interview last night with Larry Dickerson. Mr. Dickerson is the CEO of Diamond Offshore Drilling.
Rep. Barney Frank has come to Sen. Chris Dodd's defense! My colleague Diana Olick has been blogging about the breaks Countrywide gave the Connecticut Democrat under the direction of Angelo Mozilo.
Even if Congress agrees to lift the moratorium on offshore drilling (a long-shot, for sure), getting that oil into the market will take years. Addison Armstrong, Tradition Energy's director of energy research, estimates it will take 10 years -- at a minimum -- to get 1 million barrels/day of oil moving from fields in the Arctic National Wildlife Refuge.
As President Bush calls on Congress to drill for oil offshore, the Senate again stalls on tax credits for solar energy. There's certainly some irony in this. As we saw, there was early reaction in the stocks today.
Frankly I don’t care if either of these guys got a better rate than I did. Do we really believe that members of Congress don’t get perks?? I do care that everyone else seems to care.
President Bush urged Congress to end a ban on offshore oil drilling, seeking to address rising consumer angst over gasoline prices.
Democrat Barack Obama said he would consider trimming corporate tax rates as part of a simplification of the U.S. tax code if he is elected to the White House, the Wall Street Journal reported Tuesday.
I had admired Tim for years before I ever knew him personally. As moderator of "Meet the Press" since 1991, he cut a very large swath through our common profession of political journalism..
Angelo Mozilo helped build Countrywide from nothing into a giant and has been lauded over the years as proof of the American dream, at the same time bringing that dream to so many home buyers.
For many many months now I’ve been suggesting (that’s a nice word for it) that in addition to plenty of predatory lending during the housing boom, a lot of folks just plain didn’t take the time to read their paperwork or even ask when exactly their adjustable rate loans would adjust.
An article by Portfolio.com picks up where an earlier Wall Street Journal story left off in investigating which politicians got breaks on mortgages from Countrywide.
A former CEO leading Barack Obama's search for a vice presidential candidate resigned abruptly Wednesday after questions about his home mortgage deals became a distraction for a candidate who argues he's not influenced by special interests.
Democrat Barack Obama leads Republican John McCain by 47 percent to 41 percent in the 2008 race for the White House, according to the first NBC News/Wall Street Journal poll conducted after Mr. Obama wrapped up the Democratic presidential nomination.
Republican presidential hopeful Sen. John McCain called for a EU-U.S. trade pact, saying exports were a bright spot in the U.S. economy Tuesday.