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  • GOP to Offer Plan to Cut Entitlements: Rep. Ryan Wednesday, 2 Mar 2011 | 5:50 PM ET
    Rep. Ryan Paul from Wisconsin

    Republicans will present a plan to Congress next month to deal with the deficit by cutting entitlements, Rep. Paul Ryan, (R-Wisc.), chairman of the House Budget Committee, told CNBC Wednesday.

  • Union Pay Isn’t Busting State Budgets Wednesday, 2 Mar 2011 | 12:44 PM ET

    When Ed Rendell became the mayor of Philadelphia in 1992, he started a fight with the city’s labor unions that will sound familiar to anyone who has been following the recent news from Wisconsin. In his inaugural address, Mr. Rendell, a Democrat, announced, “Philadelphia stands on the brink of total disaster.”

  • Will Sustained $100 Oil Choke Off Global Recovery? Friday, 25 Feb 2011 | 2:55 AM ET

    Poll: Will a sustained $100 oil crimp the global economic recovery?

  • Labor Unions Are 'Bankrupting States': Sen. Johnson Wednesday, 23 Feb 2011 | 12:43 PM ET

    The collective bargaining process with public sector unions needs to be restructured to keep labor unions from “bankrupting states,” Sen. Ron Johnson, (R-Wisc.), told CNBC Wednesday.

  • Protesters fill the courtyard and steps outside the State Capitol building on February 16, 2010 in Madison, Wisconsin. Protesters were demonstrating against Wisconsin Gov. Scott Walker's proposal to eliminate collective bargaining rights for many state workers.

    The high-stakes fight in Wisconsin over union rights could have far-reaching effects on electoral politics in other states by helping solidify Republican power for years.

  • G20 finance ministers concluded meetings over the weekend in France where they highlighted the key role of exchange rates, monetary and fiscal policies in determining whether a country's policies lead to imbalances.

  • The Decade for Equities: Charles Kantor Friday, 18 Feb 2011 | 4:19 PM ET

    Charles Kantor, Managing Director and Portfolio Manager of the Kantor Group at Neuberger Berman, explains why waiting for a market pullback may be a fool’s errand – and why he thinks the rally might have much, much more to go.

  • Wisconsin Protesters Buoyed by Anti-Union Bill Delay Friday, 18 Feb 2011 | 11:29 AM ET
    Protesters fill the courtyard and steps outside the State Capitol building on February 16, 2010 in Madison, Wisconsin. Protesters were demonstrating against Wisconsin Gov. Scott Walker's proposal to eliminate collective bargaining rights for many state workers.

    Protesters who have descended on Wisconsin's Capitol in hopes of halting a Republican effort to end a half-century of collective bargaining rights for public workers steeled themselves for a long fight, buoyed by Democrats' decision to flee to avoid the measure's near-certain passage.

  • Illinois Governor's Budget Relies on Big Bond Sale Wednesday, 16 Feb 2011 | 3:39 PM ET
    Uncle Sam taking money out of your wallet

    Illinois Governor Pat Quinn Wednesday proposed a budget that largely depends on  selling more debt to pay off a pile of bills that have left Illinois' finances the weakest among U.S. states.

  • Obama Says Willing to Work with GOP on Entitlements Tuesday, 15 Feb 2011 | 12:00 PM ET
    President Barack Obama News Conference

    President Barack Obama says he's willing to work with Republicans to make changes to entitlement programs, like Social Security and Medicare, that threaten the nation's fiscal health

  • Nouriel Roubini

    Neither US political party is willing to make the choices needed to bring down the crippling US budget deficits, economist Nouriel Roubini told CNBC.

  • Obama Budget Resurrects Rejected Tax Increases Monday, 14 Feb 2011 | 1:06 PM ET

    President Obama's budget proposal resurrects a series of tax increases that were largely ignored by Congress when Democrats controled both chambers. Republicans, who now control the House, are likely to be even less receptive.

  • US Trade Deficit Widens to $40.6 Billion in December Friday, 11 Feb 2011 | 8:52 AM ET

    The trade deficit widened in December, closing out a year in which America's trade gap ballooned by the largest amount in a decade.

  • Most States Seeing Further Gains in Tax Revenue Wednesday, 2 Feb 2011 | 8:43 AM ET
    Taxes

    A new report says state tax revenues increased in the final three months of last year as the improving economy boosted income and sales taxes receipts.

  • Fratto: Why Income Tax Reform Will Get Shelved Thursday, 27 Jan 2011 | 2:14 PM ET
    Taxes

    Those of us who advocate for wholesale income tax reform understand the quixotic nature of the fight. Our federal individual income tax system is so chock full of special beneficiaries that any action aligns an array of constituencies far too politically sympathetic to defeat.

  • New Jersey to Cut Corporate Taxes Further: Gov. Christie Wednesday, 26 Jan 2011 | 4:10 PM ET

    New Jersey Gov. Chris Christie will propose a further cut in the state's corporate tax rate during his budget address in February, the governor told CNBC Wednesday.

  • 2010 Budget Deficit to Hit $1.5 Trillion: CBO Wednesday, 26 Jan 2011 | 11:31 AM ET
    US Capitol Building with cash

    New budget estimates released Wednesday predict the government's deficit will hit almost $1.5 trillion this year, a new record.

  • Collectively, states have budget deficits of more than $130 billion, unfunded pension and healthcare plans of more than $1 trillion and billions of dollars of unpaid bills to public schools and universities, hospitals and social welfare programs...States are in crisis and floundering to find a solution.

  • Economy Has Improved in Last 6 Months: Fed's Tarullo Friday, 14 Jan 2011 | 2:51 PM ET

    The economy has improved in the last six months, signaled by greater consumer spending, durables purchases and some signs of increased investment, Daniel K. Tarullo, Federal Reserve governor, told CNBC Friday, echoing what his boss, Chairman Ben Bernanke said on Thursday.

  • Dodd-Frank Creates More Uncertainty: Rep. Bachus Thursday, 13 Jan 2011 | 12:21 PM ET
    Sen. Spencer Bachus (R)

    Taking issue with FDIC Chairman Sheila Bair, the new Republican head of the House Financial Services Committee told CNBC Thursday that the Dodd-Frank financial overhaul law actually creates more uncertainty—not less.