There's been "nothing, nothing, nothing, nothing" from Obama on corporate tax cuts in five years, Grover Norquist tells CNBC.» Read More
Forget the bears, Cramer said. Pay attention to these bullish signs.
Don't extend Bush tax cuts, David Stockman, the director of Office of Management and Budget under President Reagan, told CNBC.
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 financial debate in Washington this fall will likely be consumed by whether, and how, to extend the Bush tax cuts. But economic research suggests that tax cuts, though difficult for politicians to resist, have limited ability to bolster the flagging economy. The NYT reports.
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.
With Democrats in danger of losing control of Congress, some prominent lobbying shops, trade groups and contractors are already moving to bring more Republicans on board to bolster their political fortunes. The NYT reports.
Why some think expectations of a changing political landscape could be driving prices.
Treasury Secretary Timothy Geithner spoke to Maria Bartiromo in a First on CNBC interview and told Bartiromo that the President's proposals “can make powerful impact.”
Democrats in Arizona are accusing the GOP of hiring drifters and homeless people for the Green Party ballot. NYT reports.
Americans may be dissatisfied with the economy but don’t look for Republicans to sweep control of the House and Senate. Voters have good reason to be disenchanted with both parties.
Republicans are eyeing the powerful chairmanship of the House financial services committee held by Barney Frank, the Massachusetts Democrat, as one of the biggest spoils of victory in November’s midterm congressional elections. The FT reports.
The finding, contained in a new paper by Carmen M. Reinhart, an economist at the University of Maryland, generated considerable debate during an annual policy symposium organized by the Federal Reserve Bank of Kansas City, reports the New York Times,
It increasingly seems as if the policy makers attending like physicians to the American economy are peering into their medical kits and coming up empty, their arsenal of pharmaceuticals largely exhausted, reports the New York Times.
At a black-tie dinner in April, a politically influential hedge fund manager named Paul Singer offered a blistering critique of the “terrible path” he said Washington politicians were charting on economic issues.
Tens of thousands of people rallied at the steps of the Lincoln Memorial on Saturday, summoned by Glenn Beck, a conservative broadcaster who called for a religious rebirth in America at the site where the Rev. Dr. Martin Luther King Jr. delivered his famous “I Have a Dream” speech 47 years ago to the day.
It’s a bit too early for House Republican leader John Boehner to measure the drapes and pick out new wallpaper. But the Intrade pay-to-play prediction markets are now showing a 76 percent chance of a GOP House takeover in November, along with a 60 percent probability that Republicans will capture at least seven new Senate seats.
Representative Kendrick Meek beat Jeff Greene for Florida’s Senate nomination while Rick Scott edged out Attorney General Bill McCollum in the G.O.P. governor’s primary. In Arizona, Senator John McCain won easily.
President Obama faces a messy political fight over the federal court ruling striking down his new, looser policy letting federal grant money pay for stem cell research involving “destroyed” embryos.
In Senate primaries in Arizona, Florida and Alaska, veteran politicians are poised to brush back charges from insurgent outsiders and move on to the general election—possibly showing that the anti-incumbent mood of the electorate has started to soften.
McCain’s comfortable position was a reversal of fortunes from earlier in the year, when he was considered a potential victim of the anti-establishment fervor, says the New York Times.