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House Ways and Means Committee Chairman Dave Camp tells CNBC ahead of his panel's IRS scandal hearing that he wants to know who "hatched" the plan to target conservative groups.
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Democrats made a mistake by not going over the "fiscal cliff" because a "grand bargain" would have been easier to achieve, House Minority Whip Steny Hoyer told CNBC.
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Acting on the Senate's first budget since President Obama took office, a Democratic-led panel is moving toward party-line approval of a fiscal blueprint that would trim the budget deficit while protecting safety net programs from slashing cuts proposed by Republicans.
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Rep. Steny Hoyer, (D-MD), discusses whether there is any room for bipartisan compromise, as Congress weighs competing budgets in the House and Senate.
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An American expatriate writer and a Latvian economist-cum-composer have turned an online tiff between Estonia's president and Nobel-winning economist Krugman into high art, the Christian Science Monitor reports.
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President Obama is warning that it may be impossible to reach a deal with Republicans on trimming the budget deficit.
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Democrats will unveil a budget blueprint that will slice the deficit by $1.85 trillion through spending cuts and tax increases.
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Tony Fratto, managing director of Hamilton Place Strategies, and Ben White, chief economic correspondent at Politico, discuss on CNBC the likelihood of politicians in Washington coming to an agreement over the budget.
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Rep. Paul Ryan called his third budget an "invitation" to President Barack Obama and Senate Democrats to begin bargaining toward a deal to balance the budget.
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We're tired of hearing about the sequester and its brutal budget cuts. But this is standard operating procedure in American politics, historians say.
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The budget-balancing plan from Congressman Paul Ryan is a "total uncompromising" blueprint, Rep. Chris Van Hollen, ranking member on the panel, told CNBC.
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WASHINGTON, March 12- Republicans kicked off their latest deficit-reduction gambit on Tuesday with a 10- year balanced budget plan that could either be shelved within weeks or help kick-start negotiations with President Barack Obama toward a major deficit-reduction deal.
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Rep. Chris Van Hollen, (D-MD), weighs in on Rep. Paul Ryan's budget plan, and discusses what needs to take place to reach a bipartisan compromise.
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The process in Washington to reach a federal budget compromise has not been based in reality, former OMB Director Jim Nussle told CNBC.
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Jim Nussle, The Nussle Group founder, discusses whether political leaders will be able to find bipartisan middle ground on the budget.
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*Ryan to repeat controversial health proposals. WASHINGTON, March 10- The Republicans' point person on fiscal issues in Congress said on Sunday that compromise with President Barack Obama is possible on taxes and spending even though his soon-to-be-unveiled budget plan faces certain rejection from Obama's Democrats.
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Newark Mayor Cory Booker told CNBC on Friday he's exploring a bid for U.S. Senate because the solutions to problems he's tackled New Jersey's largest city can work at the national level.
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House Speaker John Boehner talks with CNBC's Larry Kudlow about the sequester and the fact that it hasn't affected the stock market. The sequester will remain in effect, says Boehner, until an agreement is reached on spending and reforms. It's important to have buy in from the members of Congress in order to reach a successful outcome, he says.
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The House on Wednesday passed legislation to keep federal funds flowing to government agencies through Sept. 30, seeking to avert shutdowns that otherwise would begin on March 27 when current funding expires.
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Alan Miller, Universal Health Services, offers insight on the cuts hitting federal health programs.
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If the sequester begins forcing layoffs of federal workers, the nation's capitol and nearby Virginia and Maryland will feel the worst of the impact.