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
Democrat Hillary Clinton defied the polls and narrowly upset Barack Obama in New Hampshire on Tuesday, breathing new life into her U.S. presidential campaign after finishing third in Iowa.
Voting in New Hampshire ends at 8 p.m. EST on Tuesday, with results expected to begin rolling in quickly.
Heard at Mitt Romney's rally in Bedford, N.H. last night: "Sweet Caroline" by Neil Diamond, the semi-official sound track of the Boston Red Sox. Will it bring him "Red Sox luck" tonight in New Hampshire?
A teary-eyed Hillary Clinton pushed for support on Monday as polls showed her poised for a huge New Hampshire loss to Democratic rival Barack Obama, but the former front-runner vowed to carry on with her presidential quest even if she loses.
Hillary Clinton, fighting for a comeback showing in New Hampshire, has begun playing Bruce Springsteen's "The Rising," which also happens also to be the anthem of John Edwards' populist campaign.
Democratic presidential candidate Hillary Clinton battled to keep crucial New Hampshire from swinging to rival Barack Obama, but new polls showed him jumping into the lead.
This is the time of the presidential race when the convergence of politicians and press is nearly complete. The Radisson, in downtown Manchester, is the closest thing there is to ground zero of the New Hampshire campaign. All the networks of NBC are broadcasting from this spot and thus all the candidates are coming here.
This week, New Hampshire becomes the gateway to a new political world--engaging multiple constituencies, playing out over a vast terrain, shifting the psychology of competition. But as the 2008 campaign moves toward contests in Michigan, Nevada, South Carolina, Florida, then half the country on Feb. 5, the simplicity and careful planning of Iowa and New Hampshire phase give way to a complex, high-velocity game of survivor.
Barack Obama took a big step on Thursday toward becoming the first black U.S. president as his campaign for change caught fire in Iowa and swept him past Hillary Clinton in the opening Democratic nominating contest.
Here are three things to watch for when Iowans vote tonight: 1) Mobilization: if Democratic turnout is huge, that's a sign that Barack Obama has succeeded in pulling out enough independent voters to win. It would also show the energy and enthusiasm that Democrats hope will give them an edge in the general election.
Regardless of what happens today in Iowa, the 2008 presidential contest will come down to Hillary Clinton and Mitt Romney, according to a CNBC Trillion Dollar Snap Survey of some of the nation's top money managers, investment strategists and professional economists.
Snapshots from the closing hours of the Iowa caucus: Song choices: At John Edwards rallies, Bruce Springsteen's "The Rising." At Barack Obama's, Stevie Wonder's "Signed, Sealed and Delivered." At Hillary Clinton's, Dolly Parton's "9 to 5." At Mike Huckabee's rally in Des Moines last night, it was "Sweet Home Alabama" --except the candidate himself was on stage strumming guitar with a local band.
We have a new Wall Street Journal-NBC News poll that's shaking up the Republican presidential race, since Rudy Giuliani has lost his national lead. But it's also shaking up Ron Paul's legions of Internet supporters--because he fared so poorly at just 4 percent of the vote. Because his numbers were so low I didn't mention Paul in my Wall Street Journal story on the poll.
The longer the Republican presidential race goes on, the crazier it gets. John McCain suddenly has a mild breeze at his back--because Mike Huckabee has undercut Mitt Romney in Iowa, because of his lingering support at the scene of his 2000 New Hampshire triumph, because Democratic Senator Joe Lieberman has endorsed him, and because the Boston Globe has provided its seal of approval as well.
Whatever happens in the Iowa caucuses, this year's contests have made plain that Republicans face a general election problem whoever the two parties' nominees are: an enthusiasm gap. Democratic campaigns expect that 125,000 or more Iowans will turn out for their caucuses on Jan 3. Republican campaign expect half that.
This afternoon's Republican presidential debate in Des Moines may seem like just another in a long series, but it really isn't. It's the first debate with Mike Huckabee as the Iowa front-runner.
I can't help noticing the dramatic difference between the political and government parts of my beat these days--complete gridlock in Washington and turbulent action on the 2008 campaign trail. In the capital, Democrats and Republicans are fighting over literally everything--the budget, energy legislation, a fix for the out of control Alternative Minimum Tax.
The Treasury has weighed in on the side of the US Senate in a standoff with the House of Representatives over how to prevent the Alternative Minimum Tax from spreading to millions of new taxpayers this year.
What does gridlock in Washington mean, to business and to everyone else? It means avoiding the sacred cows of both parties even if that waters down whatever action government takes. It means least-common-denominator solutions--or half-solutions--to whatever problem is on the table at the time.
This is not something you'll hear me say often--I feel some political optimism blossoming in my soul. Yes, I'm a bit on the mature side for political naiveté, but after talking to Colorado Governor Bill Ritter, a Democrat, and the first native born Coloradoan to be elected Governor in decades, I'm feeling a little tingle. Just in my extremities mind you, but it's there.