A bill to wind down mortgage financiers Fannie Mae and Freddie Mac would leave a decision on how to treat their private shareholders to the courts.» Read More
Presidential power ebbs and flows and George W. Bush is holding very weak cards just now. But as he likes to point out, sometimes with more than flattering zeal, he is still the president and everyone also just kibitzes. `
Those of us who cover politics in Washington are constantly trying to figure out what we DON'T know. Seeing a huddle of strange bedfellows instantly sets off our alarms that something remarkable could be happening.
It’s going to be a joyful—and profitable—holiday season for retailers, according to the latest CNBC Wealth in America survey. Americans plan to spend an average $839 during the holiday season, up 17.6% from last year.
Forget the credit crunch, housing recession and fears of slower economic growth. Americans plan to open their wallets during the holidays this year, though maybe not on those cheap Chinese toys. Spending is expected to jump 17% from last year, to an average of $839.
My take on the results of the debate: Fattest Pitch Down the Center of the Plate: Ron Paul's comment about the absence of "imminent" threats against the U.S. -- which Rudy Giuliani knocked over the fence by asking where Paul was on 9/11.
Mitt Romney is a big (and very rich) boy, and has earned some of the shots that have come his way in the 2008 presidential race. Most prominent among them have been barbs at the evident calculations he has made in flip-flopping on key issues to appeal to the conservative Republican base.
On stage just before our debate yesterday, we had one of those classic moments that mocked the egos and pretentions of those of us in the world of politicians and television. Those of us questioning the candidates -- my CNBC colleague Maria Bartiromo, MSNBC's Chris Matthews, my longtime Wall Street Journal colleague Jerry Seib, and me -- had been introduced to the crowd at the Ford Community and Performing Arts Center in Dearborn. Then the Republican candidates strode onto the stage.
Up to the minute blog of the CNBC/MSNBC/WSJ GOP Presidential Debate in Dearborn, Michigan.
In recent history, Democrats have been the party of disorder and confusion in the ranks. To their House of Commons, Republicans have been the House of Lords. That has typically meant an orderly line of succession, with one establishment candidate after the other stepping up to claim their chance at the presidential prize: Ronald Reagan in 1980, his vice president George Bush in 1988, Bob Dole in 1996, the younger George Bush in 2000.
Tonight the GOP hopefuls talk about economic issues. What do you think they should concentrate on?
So, what does this rising anti-trade sentiment mean for Republican politicians--and Democratic ones, for that matter? It's tricky because, rhetoric aside, most economists and elected officials in both parties in fact DO believe free trade offers the best path to economic growth in a global economy.
So why has this decline in GOP free trade sentiment occurred? Think back to 1992, with Pat Buchanan and Ross Perot both ran for president as populists from the right. Since then, "there’s been a steady erosion in Republican support for free trade," says former Rep. Vin Weber, now an adviser to Republican presidential candidate Mitt Romney.
I've seen a lot of opinion polling, but my jaw dropped when I saw this result from our special NBC News-Wall Street Journal poll of Republicans in advance of next week's presidential candidate debate sponsored by CNBC, MSNBC and the WSJ.
The Arizona senator was counted out earlier this year after public discontent with Iraq and immigration reform knocked him off his front-runner's perch. When I'd see him in Washington, McCain himself would acknowledge the damage. But don't count him out yet.
The numbers are in and it was a rich third quarter for candidates--Hillary Clinton's campaign raised $27 million in the third quarter, beating Barack Obama, whose campaign raised about $20 million over the same time period.
Nearly a year after their 2006 wipeout, these are still tough times for the GOP. President Bush and his aides have argued the party must expand beyond white voters. But last night African-American TV personality Tavis Smiley moderated a debate--and the leading republican candidates didn't show up.
When Erin Burnett's show "Street Signs" called me to talk trade this afternoon, the question was "Is Trade Dead?" I thought, for this Congress, it was--until I did a little reporting. As it happens, Republican and Democratic leadership sources both expect SOME progress on trade before the 2008 elections.
Alan Greenspan may call himself a libertarian Republican, but his new book provides a major credibility boost for Democrats on economic policy. The first, and less surprising, blow came in his criticism of the Bush-era spending excesses. Many conservative Republicans have long offered that critique.
One question about market turbulence that I'll be watching is its effect on the 2008 presidential race. It's not clear the disruptions will prove long lasting, much less lead to an economic recession. If it proves a short-term blip, the effects will be negligible.
Former Speaker of the U.S. House of Representatives Dennis Hastert is expected to announce on Friday his retirement from Congress, a House Republican aide said on Tuesday.