The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve.» Read More
Proposed military budget cuts proposed by the Pentagon last week may be far from what Congress finally agrees on.
WASHINGTON, March 3- With Russia's incursion into Ukraine reviving Cold War-style tensions, President Barack Obama is at risk of suffering a blow to his credibility at a time when he can least afford it: as he tries to convince voters to stick with his fellow Democrats in congressional elections that will help shape his legacy.
CNBC contributor Robert Costa discusses Rep. Paul Ryan's House GOP budget agenda and war on poverty.
Social programs have "created a poverty trap," Rep. Paul Ryan says. The Washington Post reports.
It's another step in Michelle Obama's campaign against obesity. NBC reports.
WASHINGTON, Feb 18- New Jersey Representative Rush Holt, a physicist who has advocated strongly for research funding and environmental conservation, has decided not to seek a further term in the U.S. House of Representatives in elections in November, Democratic Party Leader Nancy Pelosi said on Tuesday.
CAMBRIDGE, Md., Feb 14- President Barack Obama sought on Friday to ease strains with his Democratic allies in the U.S. Congress, who are fearful they could face election consequences from the botched rollout of the president's signature healthcare law known as "Obamacare." All 435 House seats along with 36 of the 100 Senate seats are up for grabs in the elections.
CAMBRIDGE, Md., Feb 14- U.S. President Barack Obama and fellow Democrats in the House of Representatives face a key question when they meet on Friday, Valentine's Day: how much love do they dare show each other before the November elections. "The president recognizes that there's some tension," said Democratic Representative John Larson of Connecticut.
WASHINGTON, Feb 13- Forty-two U.S. representatives and senators have announced plans to leave their seats in Congress in advance of mid-term elections in November, including 24 Republicans and 18 Democrats. The latest to announce his departure was Representative Doc Hastings, a 10- term Republican from Washington state.
We do need to put fiscal reforms in place, says Sen. Bob Corker, (R-TN), providing his views on reaching a debt ceiling agreement.
WASHINGTON, Feb 13- Congress just wants the U.S. budget wars to be over. The procedural vote, potentially toxic for some of the senators, would have been considered heresy three years ago, when the Republican Party made deficit reduction its top priority and the debt limit its main lever.
The GOP-controlled House has backed away from a battle over the government's debt cap and passed a measure extending Treasury's borrowing authority.
Democrats sought to turn the latest controversy over Obamacare and the economy into a positive political message.
WASHINGTON, Feb 7- The U.S. debt limit suddenly looks a lot less threatening as Republicans in the House of Representatives struggle to choose from a diminishing list of minor conditions for an increase needed by the end of this month.
WASHINGTON, Feb 4- President Barack Obama's healthcare law will reduce American workforce participation by the equivalent of 2 million full-time jobs in 2017, the Congressional Budget Office said on Tuesday, prompting Republicans to paint the law as bad medicine for the U.S. economy.
Unexpectedly robust revenues from taxes and other sources are filling state coffers, prompting battles over what to do with the newfound money. The NYT reports.
Gov. Scott Walker, (R-WI), explains why the Republican party has become the party of austerity and not reform and economic growth. Good things are happening in Wisconsin because of pro-growth, Walker says.
Discussing the immigration reform, with Bill Kristol, The Weekly Standard founder and editor, and Haley Barbour, Bipartisan Policy Center Immigration Task Force.
WASHINGTON, Jan 30- Top Republicans in the House of Representatives on Thursday called on President Barack Obama to "get his own party in line" behind the fast-track trade negotiation authority that he called for in his State of the Union address.
CNBC's John Harwood reports the results of a recent poll on how Americans feel about the nation's economy, Obamacare, and income inequality. Also a preview of President Obama's State of the Union address tonight.