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
A proposal to give the Federal Reserve the primary responsibility for protecting consumers from abusive and deceptive financial products emerged on Tuesday as a potential breakthrough after months of partisan gridlock in the Senate over the terms of a broad overhaul of financial regulations.
By maintaining a quixotic filibuster against a Senate jobless bill, Senator Jim Bunning lit the fire of Democratic and Republican hyperbole against him.
We need more legislators who are pragmatists and centrists to take the helm and provide true leadership. We need legislators who can find solutions and not hide behind obstructionist rhetoric. The fringe elements of both parties today have wrested control from the silent majority. The squeaky wheels are getting all the grease, while the axle is falling apart.
Obama planned to send a letter to Democratic congressional leaders later in the day detailing his plan and make a statement at the White House on Wednesday.
Under the latest proposal, the Federal Reserve would be given new powers to protect consumers in dealing with financial services companies and their products, according to sources.
A weekend of talks between Senate Banking Committee Chairman Christopher Dodd (D-Conn.) and Bob Corker (R-Tenn.) yielded some progress on crafting a bipartisan bill for financial regulatory reform, but there's no indication that a deal is imminent, several sources said.
Positions were formed long ago and the talk-fest provided photo ops and little more. Observers took away what they wanted.
Senate negotiators continue to work on a bipartisan financial regulatory-reform bill, following talks Saturday that yielded no "real progress", according to one source.
Senate Banking Committee Chairman Christopher Dodd has offered a slightly watered-down proposal for a consumer watchdog agency for financial products in an effort to win Republican support.
Senate Banking Committee Chairman Christopher Dodd (D-Conn.) and Republican member Bob Corker (R-Tenn.) are closer than ever to drafting a bipartisan bill on financial regulatory reform, but negotiations will stretch into next week, according to Congressional sources.
The two senators introduced a bill this week, which they modestly called the Bipartisan Tax Fairness and Simplification Act of 2010. The New York Times looks at what it means.
The Obama administration is planning to use the government’s enormous buying power to prod private companies to improve wages and benefits for millions of workers, according to White House officials and several interest groups briefed on the plan.
As key senators continue work on crafting a bipartisan bill for financial reform, Treasury Secretary Timothy Geithner is meeting with major trade groups today in an effort to build momentum.
The Obama administration redoubled its efforts on Tuesday to overhaul the nation’s financial regulations, saying it would not back down from its efforts to restrict the trading activities of banks and to create a consumer agency to regulate financial products.
Senior Democrats say the House is preparing to quickly pass a $15 billion job-creating measure once it is approved by the Senate, illustrating new urgency on the part of Democrats to show they are taking steps to improve the national employment picture.
Former Vice President Dick Cheney has been admitted to George Washington University Hospital in Washington after suffering from chest pains, NBC News has learned.
How well do you know the time when Bob Dylan went electric, LSD went mainstream and "Laugh-In" made sense of it all? Take our 1960s Boomer culture quiz and find out.
Senate banking committee Chairman Christopher Dodd (D-Conn.) and Republican member Bob Corker (R-Tenn.) hope to have a draft version of a bipartisan bill on financial regulatory reform next week with markup beginning the following week
Scott Phillips had to close his small plumbing company after the housing bubble burst and his business dried up. Roshonda Bolton lost her job when the garment and uniform factory where she had worked for 16 years shut down last August.
Senator Evan Bayh’s comments this week about a dysfunctional Congress reflected a complaint being directed at Washington with increasing frequency, and there is broad agreement among critics about Exhibit A: The unwillingness of the two parties to compromise to control a national debt that is rising to dangerous heights. The New York Times reports.