MILWAUKEE, Wis.— Taking a bullish stand on the economy, President Barack Obama is renewing his call for an increase in the minimum wage, looking to give Democrats an issue on which to campaign going into November's midterm congressional elections.» Read More
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.
Vice President Joe Biden says the White House is ready and willing to listen to health care ideas from Republicans. President Obama has invited members of both parties to the White House for a televised meeting on Feb. 25
Senators Chris Dodd (D-Conn.) and Bob Corker (R-Tenn.) have agreed to shelve the Consumer protection agency part of the financial reform package making its way through Congress, according to Dodd.
A decade ago, New York City officials were so reluctant to give out food stamps, they made people register one day and return the next just to get an application. The welfare commissioner said the program caused dependency and the poor were “better off” without it.
President Barack Obama said a Tuesday meeting with top House and Senate leaders from both parties "went very well," but continued to ask for more bipartisan cooperation on pending legislative matters.
President Obama’s proposals to tax and curb the activities of Wall Street have thrown an unpredictable element into the debate over financial regulatory reform. They also have touched off an intensive new round of lobbying and raised questions in Congress over whether his plan will add urgency or merely bog things down.
Many Americans think President Obama should spend more time on the economy and think his health-care plan is a bad idea, according to a new NBC News/Wall Street Journal poll.
The Supreme Court’s decision to treat business entities as “people” has fired up political pundits and lobbyists on all sides, writes William Dunkelberg, Economics Professor at Temple University.
Amid growing opposition in the Senate to Bernanke winning a second term, CNBC has learned that the Democratic leadership is still gauging support for the beleaguered central bank chief.
President Obama wants to cut down to size those too-big-to-fail banks. But his vow on Thursday to rewrite the rules of Wall Street left many questions unanswered, the New York Times reports, including the big one: Would this really prevent another financial crisis?
President Barack Obama and his Democratic allies are conceding for the first time that they may have to accept a less ambitious health overhaul bill than the massive one they've struggled for a year to assemble.
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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.