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
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The stinging defeat in Massachusetts energized congressional Republicans and left Obama and the Democrats with fallback options that range from bad to worse on health reform.
President Obama and his Democratic Party have declined considerably in popularity in the year since he took office, weighed down by public discontent over the economy and the health care debate in Congress, according to a new NBC News/Wall Street Journal poll.
Reports that Senator Chris Dodd (D-CT.) and Byron Dorgan (D-ND) are not seeking re-election this year are surprising to some but the two Democrats have added their names to a growing list of retirements from both political parties.
A Republican senator who has opposed President Barack Obama's health overhaul effort said Tuesday that the deals Democratic leaders have cut to round up the votes they need to push the measure through the Senate have been "sleazy."
Senate Democrats who thought they had a workable compromise to move ahead on President Barack Obama's health care overhaul learned otherwise from Sen. Joe Lieberman, who is threatening to join Republicans in opposing a bill if it expands Medicare.
Americans remain pessimistic about the economy and have little trust in Washington's economic leadership— despite $1.5 trillion in federal spending on stimulus and bailouts, a new CNBC "Wealth in America Report" finds.
Starting an eighth day of health care debate Monday, the top Senate Democrat said lawmakers are approaching the end game on the far-reaching legislation and fully expect to prevail. A vote on the divisive abortion issue was expected later in the day.
Congressional budget crunchers said the Democrats' latest health care plan would hold down federal red ink for at least 20 years, an assessment that gave supporters hope as the Senate moved gingerly toward debate.
A senior House Democrat says the government didn't force Bank of America to take over Merrill Lynch, but a bank board member said much pressure was applied and Republicans charged that a committee inquiry was covering up the role of an Obama administration official.
Former Hewlett-Packard CEO Carly Fiorina says she'll run for the U.S. Senate seat held by California incumbent Barbara Boxer.
The stock market may be up, U.S. service industries may be recovering, banks may be lending again and housing prices holding. But one major piece of the recovery puzzle is still missing: a brighter employment picture.
Democrats are breathing a sigh of relief after a positive cost report on health care overhaul gave them a chance to rally around a Senate plan that significantly expands coverage while trimming the federal deficit.
Barack Obama has pushed closer than any president in generations to creating a basic health care safety net, yet the fate of legislation is far from certain.
Tougher financial rules have been stymied by industry lobbying, government turf battles and a stabilizing banking system. Some analysts fear another crisis is inevitable.
Former Democratic Party Chairman Howard Dean, a leading figure in the liberal wing of his party, said Monday he doubts there can be meaningful health care reform without a direct government role.
President Obama said Sunday he's confident his drive to overhaul health care will succeed. The president writes in Sunday's New York Times about "health insurance reform" and says his attempt to overhaul the system is closer to reality "than we have ever been."
President Barack Obama is using political tactics and rhetorical devices honed in his White House campaign to regain the upper hand in the health care debate over increasingly vocal and organized critics.
President Barack Obama's campaign for a health care overhaul is an intense installment in a long-running story, dating to Theodore Roosevelt in 1912.
Sen. Arlen Specter said Wednesday he thinks people who have been angrily disrupting town hall meetings on overhauling the health care system are "not necessarily representative of America," but should be heard.