CNBC's John Harwood speaks to Rep. Paul Ryan (R-Wis.), about his efforts to pass reform bills and the president's willingness to tackle tough fiscal issues. Ryan says Harry Reid is preventing President Obama from making difficult decisions.» Read More
The government should extend the Bush tax cuts to put money to work and help share prices, Dennis Gartman, founder of The Gartman Letter, told CNBC Wednesday.
Republican Congressman and House Ways and Means Committee member Paul Ryan spoke with Maria Bartiromo yesterday about the current economic crisis, and spoke frankly about how he feels Washington is running the country.
Even as most Americans got ready to face the July 4th holiday weekend traffic, members of the United States Congress had already left town.
Don’t you just love political cross dressing? Last night on CNBC my old boss David Stockman was totally root-canalled as he called for higher taxes and lower spending. Right on spending, but wrong on taxes.
Seizing on a political opportunity, President Barack Obama on Wednesday lashed out at Republicans as out of touch with the daily problems of Americans, hoping to sharpen the contrast with the opposition party as midterm elections loom and economic anxiety still runs high.
After analyzing Washington for 35 years, it’s excusable to be a cynic. Actually, it’s mandatory. So let’s try out this extremely cynical premise: the Republicans are deliberately refusing to help unemployed workers or aid the states because they undoubtedly know this will hurt the economy further – and an ailing economy will help their prospects in November.
So what exactly is the real message of the tea parties? And how large an impact will they have on the upcoming elections? These are just a couple of the questions I posed to my old friends Rick Santelli and Lou Dobbs on last night’s Kudlow Report.
The financial regulation bill agreed upon by Congressional leaders overnight is too weak and will not reform the system, Williams Isaac, former chiarman of the FDIC, told CNBC.
The real work now, the real test for President Obama and Treasury Secretary Geithner, is to quickly bring the rest of the world along on the only reforms that will truly protect the global financial system from crisis in the future: common standards for the appropriate quantity and quality of capital, and acceptable levels of leverage and liquidity.
Despite the recent financial crisis that brought the U.S. economy to its knees, Americans should trust the private sector, not the government, if they want a lasting jobs recovery, Michael Steele, Republican National Committee, told CNBC Tuesday.
President Barack Obama accused Republicans on Saturday of blocking legislation that would boost the nation's economic recovery and lift a $75 million cap on what oil companies must pay to families and small businesses affected by an oil spill.
The State Senate on Tuesday, clearing aside decades of opposition, put New York on a course to adopt no-fault divorce. The NYT reports.
There once was a time when the government relied on a very blunt way of regulating the economy. But then came the market revolution of the last three decades. We've now come full cirlce, says the New York Times.
Congress allowed emergency health care assistance for unemployed workers to expire May 31, and seems unwilling to renew it despite pleas from President Barack Obama.
It's time for President Obama to skip the tough talk and take decisive action to clean up the BP oil spill in the Gulf of Mexico, says CNBC's Dennis Kneale.
The financial markets hate uncertainty and the 'Mother of All Uncertainties' is looming in December, when Congress is supposed to decide what will happen to the Bush tax cuts, which are set to expire at midnight on Dec. 31.
Wall Street officials, who have invested heavily in lobbying against the Lincoln amendment, are hoping Tuesday's Arkansas run-off race will be its death sentence.
For the first time since Barack Obama’s inauguration 16 months ago, we’re beginning to think there’s a reasonable chance he’ll be just a one-term president.
American industries of all kinds—from travel and telecom to construction and energy—would be poised to profit if the 52-year trade embargo with Cuba were lifted. Among the first businesses to cash in would be those involved with tourism, most experts agree.
The list of House Financial Services Chairman Barney Frank includes six subcommittee chairs and Joint Economic Committee Chairwoman Carolyn Maloney.