CNBC's Tyler Mathisen looks back at the week's top business and financial stories.» Read More
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.
A senior White House economist said on Friday he believes the U.S. economy is still strong and not headed for recession, though it remains at risk from the slumping housing market.
Today we saw a fine display of presidential leadership on an economic problem--the kind we would have expected from President Bill Clinton, not President George W. Bush. Yes, the administration is avoiding the "b" word, as in "bailout." And yes, in theory the new mortgage terms for homeowners facing upward resets represent a "voluntary" agreement by their creditors.
"Wall Street helped create the foreclosure crisis, and Wall Street needs to help solve it," presidential hopeful Hillary Clinton said Wednesday.
The U.S. Treasury Department and mortgage industry leaders are putting the final touches on a plan that could save struggling homeowners from foreclosure by freezing interest rates before they reset sharply higher.
While political reporters like me are largely focused on the 2008 presidential race, our dysfunctional governmental apparatus in Washington continues laboring, however haltingly, in search of some tangible accomplishments. And some of them would have significant impact on Wall Street and the business community more broadly.
A fresh round of polls has underscored the sense of flux in the 2008 presidential race--in both parties. A Washington Post-ABC News poll of Iowa Democrats shows a three-way race for the Jan 3 caucuses--but with Barack Obama, not Hillary Clinton, in the lead.
You know it's going to be a good debate when...the leading candidates start to accuse one another of lying BEFORE the debate. That's precisely what's happened in advance of tonight's Republican debate on CNN, featuring questions submitted via YouTube.
GOP debate results: Winner #1: former Arkansas Gov. Mike Huckabee. He displayed his trademark humor but also some grit, facing down Mitt Romney in defending his record on immigration. Huckabee is head and shoulders above the rest of the Republican field in communications skills, as he manages to convey a combination of conservative principles.
Republican presidential rivals Rudy Giuliani and Mitt Romney scornfully debated immigration Wednesday in a provocative, no-holds-barred debate.
Top White House economic adviser Allan Hubbard plans to the leave the Bush administration by the end of this year, a U.S. official said.
The heat is on for presidential hopefuls with only 37 days until the Iowa caucus. But while some Democrats and Republicans are baring their fangs, one candidate asks why everyone can’t just get along.
It's getting hot out there on the presidential 2008 trail as voting time draws closer. Here are a few things to remember as you watch the rhetorical and advertising bullets fly: 1. There's NOTHING wrong with drawing contrasts with an opponent--aka "going negative"--if there's a solid basis for it.
In early election battlegrounds like Iowa and New Hampshire, Sen. Hillary Clinton and other presidential candidates are running more television ads during the holiday shopping season, when retailers want to promote sales.
Vice President Dick Cheney experienced an irregular heartbeat Monday and will be evaluated at George Washington University Hospital.
Journalists in Washington spend most of their time focusing on warfare between Democrats and Republicans. There's a good reason for that: in the dysfunctional capital city of 2007, warfare is what they do best.
A U.S. Treasury report on ways to cut corporate taxes will include discussion of a national sales tax, a senior Treasury official told CNBC.
Time is running out for U.S. lawmakers to prevent millions of unsuspecting middle-income taxpayers from being hit with a tax meant for the very rich.
Hillary Clinton performed strongly at last night's Democratic debate in Nevada. She needed too, after a difficult two weeks in which she harmed her own cause and Barack Obama found his stride. But that doesn't mean that the "Clinton is champ" storyline is any more certain now than the "Obama is surging" was last week.
Those of who follow political campaigns often can't discern turning points until the campaigns are over. The 2008 contest may be no different. But just now there's a sense of ferment in both parties' presidential contests--and it's happening awfully close to the Jan 3 kickoff of the nomination process in Iowa.