WASHINGTON— Eight million people have signed up for health care through new insurance exchanges and the proportion of younger applicants has increased, President Barack Obama said Thursday. An impromptu appearance in the White House briefing room offered the president an opportunity to trumpet the new figures, which beat initial projections by 1 million.» Read More
Congress returns this week with embattled Democrats torn between trying to show they have the economic answers and fearing the further wrath of voters over new government programs. It appears the fears will win out.
The danger of a collapse in the commercial real estate sector seems to have been overcome due to he low interest rates, but investors are still waiting for the second shoe to drop in the downturn, Richard LeFrak, the LeFrak Organization president, told CNBC Friday.
At Friday's press conference from the White House, the president is expected to fault Republicans for failing to help him on improving the economy or support his call for new tax cuts for businesses.
Democrats in Arizona are accusing the GOP of hiring drifters and homeless people for the Green Party ballot. NYT reports.
CNBC will track several key mid-term election contests that distill the dollars-and-cents dilemmas facing Americans as they choose new representatives, senators and governors this fall.
Ed Balls will on Friday say that a “hurricane is about to hit” Britain’s economy, in the most dramatic warning yet by a Labour politician that the coalition’s plans to cut the deficit risk pitching the country into a double-dip recession. The FT reports.
Propagandists have long believed that if you tell a lie big enough and keep repeating it, people will eventually come to believe it. And thus we see increasing numbers of Americans who believe President Obama is a Muslim, or at least not a Christian.
A big risk for markets is the fact that faith in the US government's ability to fight the economic markets is eroding, Steen Jakobsen, Chief Investment Officer at Litmus Capital Partners told CNBC Friday.
Determined to show a commitment to stopping the flow of illegal immigrants, the Senate convened a special session Thursday and passed a $600 million bill to put more agents and equipment along the Mexican border.
In an upset, Dannel P. Malloy, a former mayor of Stamford, defeated Ned Lamont, a multimillionaire who tried unsuccessfully to oust Senator Joseph I. Lieberman four years ago.
Voters had no shortage of options in choosing party nominees in Tuesday's primaries as they focused on successors to Republican senators in Kansas and Missouri and term-limited Michigan Gov. Jennifer Granholm.
Facing pressure from critics of Wall Street to limit its role in elections, Goldman Sachs has pledged not to spend any of its vast corporate reserves on political advertising. The NYT reports.
President Barack Obama is stepping up his fundraising efforts as the midterm elections draw closer and Democrats need money to battle a Republican Party energized in part by voter concern over government spending and regulations.
Many Americans could be hit with a big tax increase in the next two or three years despite President Barack Obama's repeated promises to shield the middle class from higher rates.
Bond markets are a bubble waiting to burst because the world economy is facing even worse problems after central banks flooded markets with cash to try to get out of the crisis, famous investor Jim Rogers told CNBC Thursday.
The violence in recent Greek protests is not just confined to that country and investors should price in civil unrest brought on by austerity, Philippa Malmgren, president of Principalis Asset Management, told CNBC Wednesday.
The US public sector is so big that the economy cannot support it and needs to be cut back, Sam Zell, chairman of Equity Group Investments, told CNBC Tuesday.
Heading into Tuesday’s runoff, many bank officials were praying that the resolution of Blanche Lincoln’s primary election would also mean the end of the derivatives carve-out. But, Lincoln captured 52 percent of the vote, securing her position in the fall election.
After last night’s primary elections, a pipedream came to me: A new tea-party center is forming in the Republican Senate caucus
Party-switching Sen. Arlen Specter fell to a younger and far less experienced rival in the Pennsylvania Democratic primary, and political novice Rand Paul rode support from tea party activists to a Republican rout in Kentucky on Tuesday, the latest jolts to the political establishment in a tumultuous midterm election season.
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