CNBC's Tyler Mathisen looks back at the week's top business and financial stories. Headlines hurt stocks this week, while GM is facing a federal investigation. The White House boosts overtime pay for non-union workers, McDonald's employees are suing the company and Men's Wearhouse gets Joseph A. Bank.» Read More
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.
Stocks typically do well in a presidential election year, and some on Wall Street have already placed bets on the winner in '08.
Want a sign of how much big, costlier and more ambitious the Democratic caucus efforts is this year compared to four years ago? Consider these two facts: Four years ago, eventual winner John Kerry entered caucus night with 300 drivers prepared to haul supporters to caucus sites. This year, says former Iowa Gov. Tom Vilsack, Hillary Clinton's campaign has 5,000 of them.
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.
The assassination of Benazir Bhutto in Pakistan immediately echoed through the U.S. presidential campaign, allowing various candidates to emphasize their national security credentials. ... But for now, the issue that has risen most rapidly in the 2008 debate is the weakening economy.
There has been an erosion in consensus within the Democratic and Republican parties for free trade, according to a new NBC/Wall Street Journal poll. Rudy Giuliani, Fred Thompson and John Edwards discuss what they would do as president to assure Republicans and Democrats alike that continued trade expansion is in the best interest of the economy.
Every political underdog who breaks through faces a choice: keep doing what worked for a long shot, or shift tactics in reaching for a victory that suddenly appears possible? Mike Huckabee, the former Arkansas governor and Baptist minister, faces that choice right now.
A vast majority of Democrats and a sizeable number of Republicans aren't happy with economic conditions and 56 percent of the public expect a recession within the year.
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.
Congress approved a one-year delay in imposing the alternative minimum tax on over 20 million additional taxpayers. President Bush will sign the measure.
The U.S. House of Representatives on Wednesday approved a $556 billion bill to fund most of the federal government through September 2008, ending a year-long budget fight with President George W. Bush by also including new money for the Iraq war
It's been a while since I've had the chance to go through your emails, but here's a look at what I've gotten lately. It's no surprise that the Ron Paul "faithful" continue to send in lots of comments in regards to their candidate.
New York Mayor Bloomberg says he plans to stay the Mayor of New York until the bitter end.
The Senate is poised to take up a $516 billion measure to fund 14 Cabinet agencies and troops in Afghanistan, with President Bush likely to sign the measure if his GOP allies can add up to $40 billion for the war in Iraq.
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.
With an approval rating stuck in the 30s, President Bush no longer holds many political cards. But he still has one ace in the form of his veto pen. That's a substantial weapon--as President Bill Clinton showed against the Republican Congress in 1996 and Bush is showing against the Democratic Congress now.
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.
Confronting the Senate and White House, House Democrats for a second time passed tax relief for 21 million people, going after companies and hedge fund managers that shelter money offshore. The vote Wednesday was a near party-line 226-193.
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