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
Democrats and Republicans keep talking about finding a bipartisan compromise but they'll have to agree enough to simply get the legislation on the Senate floor for debate.
The blame for the real politicization of the process should be laid at the feet of Senate Minority Leader Mitch McConnell, who charged that Democrats wanted to create a system to bailout the banks.
While the focus in Washington this week is on the forensics of Goldman Sachs’ actions during the financial crisis, and the outlook for domestic financial regulatory reform legislation, scant attention has been paid to the need for reforms to bring greater safety and stability to the global financial system.
While this is a heavy duty inside-the-beltway item, it has everything to do with whether the US government will be able to continue to prop up zombie institutions or pick winners and losers in the private sector.
With the Senate scheduled to begin debate on a financial overhaul bill this week, the fraud suit against the Wall Street titan Goldman Sachs has emboldened Democrats to ratchet up pressure on Republicans who oppose the Obama administration’s proposal.
President Barack Obama is preparing to travel outside Washington in the coming weeks to sell his proposal for financial regulatory reform to the country.
The overhaul is the next major piece of legislation that Obama wants to sign into law this year, but solid GOP opposition in the Senate is jeopardizing that goal.
As the Obama administration and Senate Republicans clash over the future of the nation’s financial regulatory system, there is one principle on which they agree: Taxpayers should never again have to bail out giant financial institutions.
The White House and Democratic Congressional leaders said Wednesday that they would press forward with legislation to tighten regulation of the nation’s financial system. Rebuffing Republican criticism, the Democrats effectively dared the minority party to side with Wall Street by opposing the measure.
When it comes to earmarks—lawmakers spending on their pet projects—Congress has gone on a diet. Earmarks have declined 10.2 percent in the 2009 fiscal year.
The government’s surging deficit can be cut, easy. Getting it done? Almost impossible. Economic recovery and the end to stimulus spending will do the heavy lifting in Treasury's plan to slash the deficit.
First-term Rep. Betsy Markey is convinced that once people learn what's in President Barack Obama's new health care overhaul law, they'll support it. But it's not a message she was eager to carry in person to her constituents in Republican-leaning eastern Colorado.
End the public lifeline for large financial institutions, Republicans are demanding as they push back against Democratic efforts to set new rules for the financial industry.
The White House is revving up its lobbying efforts to help Senate Banking Chairman Christopher Dodd win enough support in the full Senate for a financial reform bill, sources tell CNBC.com.
House Democratic leaders are believed to be at least a half-dozen votes short of the 216 votes they need to pass health care reform, but have said they are confident they can secure the needed votes. The New York Times reports.
U.S. House of Representatives Democratic leader Steny Hoyer said Friday that Democrats would have the support necessary to pass the healthcare reform bill in a vote expected Sunday.
Senate Republicans say the "door is open" to negotiating a bipartisan bill on financial reform with Democrats, but "there will be a lot of Republican votes against it as it is," says the GOP's senior member of the banking committee.
President Barack Obama's much-challenged health care overhaul gained traction Wednesday as a liberal lawmaker became the first to switch his opposition and Catholic nuns declared their support in an unusual public break with the bishops.
Speaker Pelosi is as good as it gets in wrestling votes for legislation she favors. She is the female version of that titan, Tip O'Neill (D. Mass.) who famously said, "All politics is local." But as good as she is, the Speaker seems to have come up short with the necessary votes to get the Senate version of the health care bill passed in the House of Representatives.
As they prepare for climactic votes on health care reform, lawmakers face an angry public that isn't likely to applaud any decision they make, according to a new NBC News/Wall Street Journal poll.