With nearly all Republicans voting in favor and most Democrats opposed, the bill cleared the House by a vote of 237-173. The White House threatened to veto the bill, though the Democratic-controlled Senate is unlikely to pass it. Dave Camp R- Mich., chairman of the tax-writing House Ways and Means Committee.» Read More
Democrats open their national convention Monday to formally nominate Barack Obama for president, but the party's unity theme faces a dangerous challenge from a key constituency — the one-quarter of Sen. Hillary Rodham Clinton's backers still angry she lost and who vow not to vote for the party standard-bearer in November.
Barack Obama's choice of Joe Biden as a running mate sets the bar for his Republican rival John McCain, who could use his own pugnacious No. 2 to deliver attack lines and a solid debate performance.
For Minneapolis and Saint Paul, the host cities for the 2008 Republican National Convention, the upcoming assembly is less about politics and more about, well, money. The rewards can be considerable. The same goes for Denver, host city for the Democratic convention.
John McCain and Barack Obama say they are agreeing to hold three presidential debates and one vice presidential debate this fall.
American voters should know this week who will join Barack Obama as No. 2 on the Democratic presidential ballot, a critical decision for the first-term senator who is fighting off Republican John McCain's bid to paint him as untested and unready for the White House.
After a handshake and the briefest of embraces in a church full of evangelical Christians, Democrat Barack Obama quickly took off the gloves and was again battering John McCain as little different from President George W. Bush.
John McCain raised $27 million in July, his largest one-month fundraising haul since clinching the Republican presidential nomination, while the Republican National Committee brought in nearly $26 million.
U.S. drivers found more relief at the pump as the national price for gasoline dropped to its lowest level in 11 weeks, the government said on Monday.
As Sen. John McCain and the GOP leadership nationalize the drill, drill, drill message, the Republican party might conceivably be riding a summer political rally. The question of offshore drilling has suddenly become the biggest political and economic wedge issue of this election.
Barack Obama's audience inside the Capitol this week will number about 200, not the 200,000 who gathered last week in Berlin. Yet all signs point toward a closed-door session with similar enthusiasm for the Illinois senator.
Republicans have comforted themselves with the knowledge that the Republican National Committee retained the fund-raising clout to counter Obama's cash machine. Is that changing now that Obama has emerged as the Democratic candidate? It might be.
Many economists have concluded that a second dose of government stimulus spending is required to prevent a broad economic unraveling and provide relief to millions of Americans grappling with joblessness, plunging home prices and tight credit.
Democratic candidates already have plenty going for them this year. Anxiety about the Iraq war is down, but anxiety about the economy is way up. President Bush’s job approval rating is roughly 10 percentage points lower than two years ago before Democrats won the mid term elections.
What follows below is an unofficial transcript of my interview on Kudlow & Company last night with Jason Furman. Mr. Furman is Barack Obama’s director of economic policy.
Democrats in Congress are gearing up to pass a second election-year economic stimulus package, but unlike the $152 billion measure that passed in February, they are not counting on getting the support of President Bush.
Part of coming together involves money, specifically Clinton helping Obama raise money for the general election and Obama helping Clinton retire her primary debt. Both will cooperate, even if grudgingly.
The stock market plunged 170 points this morning and oil jumped over $3, allegedly based on a New York Times story that Israel is carrying out military exercises as a rehearsal to bombing Iran. But actually, the Times story, written by the very able war correspondent Michael R. Gordon, is talking about Israeli training exercises from early June, not now.
Barack Obama faced a difficult choice for the fall campaign. He could follow through on his commitment to strike a deal with John McCain on remaining within the public financing system for the general election, or he could opt out of the system and cash in on the huge financial advantage he has displayed over John McCain.
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 a visit on Power Lunch today and we talked about the effect on the health care stocks depending on who wins the White House. In general, pharmaceutical companies do well when they have a new product pipeline of innovative products that allow them to command high prices.