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Lawmaker Rep. Sander Levin (D-MI) explains his concern over the IRS scandal. "We need to be sure that this isn't politicized," he says.
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Presidential election years are usually good for stocks, no matter which party wins, while the market’s performance in the three months prior to the November vote is a reliable indicator of which candidate wins.
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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.
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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.
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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.
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John McCain and Barack Obama say they are agreeing to hold three presidential debates and one vice presidential debate this fall.
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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.
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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.
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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.
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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.
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Alaska Gov. Sarah Palin has exactly the high energy, political toughness, and conservative reform message that would boost Sen. John McCain’s presidential run if Big Mac were to put her on the ticket. In an interview last evening on CNBC, Palin was very clear on her drill, drill, drill message for Alaska and the rest of the U.S.
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Senator Ted Stevens, the longest-serving Republican senator and a figure in Alaska politics since before statehood, has been indicted on seven counts of falsely reporting hundreds of thousands of dollars in services he received from a company that helped renovate his home.
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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.
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In the face of Barack Obama's overseas tour de force, rival presidential candidate John McCain struggled to be heard. Yet amid the awkward moments, he managed to campaign busily in key battleground states and to raise millions of dollars at fundraisers.
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What follows below is an unofficial transcript of my interview on Kudlow & Company last night with Senate Minority Leader Mitch McConnell.
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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.
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What follows below is an unofficial transcript of my interview on Kudlow & Company last night with Senator Jim Bunning (R-KY). Mr. Bunning is a Republican member of the Senate Banking Committee.
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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.
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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.
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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.
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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.