Sen. Ron Johnson, (R-WI), weighs in on the upcoming budget talks on Capitol Hill and the problems associated with Obamacare. We need some real structural reforms to the long-term mandatory spending programs to get a deal to work, Johnson says.» Read More
The budget deal to reopen the government could make it easier for lawmakers to make major changes to tax policy, spending and entitlement programs.
Democrat Cory Booker, Newark's high-profile mayor, won a contentious special election in New Jersey to replace the late Sen. Frank Lautenbeg.
"What we need to do is to substitute some of that sequester with mandatory changes," says Sen. Rob Portman, (R-OH), sharing his thoughts on holding caps on the discretionary part of the Federal budget while looking for relief on the mandatory side.
LEE SACHS is Co-Founder & CEO of Alliance Partners says that the debt deal gives a window for US congress to work out their differences and not risk a further damage to their reputation.
What is the debt ceiling and what happens if Congress decides not to raise it? CNBC's Economic Reporter Steve Liesman explains.
A House effort to end the shutdown and extend the Treasury's borrowing authority collapsed as a major credit agency warned the U.S. is on the verge of a downgrade.
Michael Yoshikami, CEO and Founder, Chairman, DWM Investment Committee says global markets are dependent in large part on the U.S. treasury paying its debt.
All doom-and-gloom aside, the federal government is unlikely to run out of money Thursday, even if the latest hopes for a budget deal don't pan out.
CNBC's John Harwood says House Speaker John Boehner knows the new GOP bill to reopen the government and raise the debt ceiling won't pass. Harwood believes it is an attempt to mollify the tea party faction of the party.
Republican politicians are rightly worried that they are losing the hearts and minds of the American people. Here's how to win America back.
Tony Fratto, Partner at Hamilton Place Strategies and former Assistant Secretary of the US Treasury says that Republicans are asking for things that are seen as the cause of the shutdown.
The only take-away is that any resolution of the Washington budget impasse will be a buy, Josh Brown of Ritholtz Wealth Management says.
Australian Treasurer Joe Hockey reflects on what a U.S. default would mean to Australia and the rest of the world.
Paul Bloxham, Chief Economist for Australia and New Zealand at HSBC says the start of Fed tapering is increasingly likely to happen early next year due to the threat of a U.S. debt default.
Rep. Kevin Brady (R-TX) discusses the ongoing negotiations over the shutdown and whether the GOP has given up the ghost on defunding Obamacare.
President Obama and House Republicans did not agree on an extension of the nation’s borrowing authority, but both sides agreed to keep talking.
CNBC's John Harwood reports the latest developments in the Washington stalemate. Senate Republicans are slated to meet with the President today. The latest NBC/WSJ poll numbers show the American public overwhelmingly blames Republicans for the stalemate.
Richard Bove, Vice President of Equity Research, Financial Sector, at Rafferty Capital says the repo market and short term funding of big banks will be hurt if a U.S debt default occurs.
CNBC's John Harwood discusses how the Tea party pushed Republicans to this standoff, which they appear to be losing.
Is the debt ceiling debate all for show? The NetNetTV gang cuts to the chase.