Austan Goolsbee, University of Chicago Booth School of Business, warns that growth will go down and unemployment will go up as a result of these forced budget cuts.
At the end of the year, tax rates are scheduled to increase on all Americans, with CNBC's John Harwood.
Emboldened by gains in Congress, Democrats appear less willing to compromise in “fiscal cliff" talks on cuts to entitlement programs like Medicare and Social Security, The New York Times reports.
The party must come to grips with the 'demographic realities' reshaping the US electorate and devise new strategies for connecting with growing populations of minorities, single women, and youth, the Christian Science Monitor reports.
Mitt Romney attributed President Obama's victory in part to big policy "gifts" for African-American, Hispanic and young voters, The New York Times reports.
The re-election of President Obama did not presage an end to the deregulated fund-raising unleashed by Citizens United; it most likely will encourage reinforced the practice, The New York Times reports.
The business leaders could play a crucial role in shaping decisions on tax policy, including whether corporate tax rates go down even as individuals pay more, the New York Times reports.
President Obama, emboldened by his decisive re-election, is looking to the budget talks this week as a second chance to end gridlock in Washington, the New York Times reports.
President Obama said Friday that he would insist that tax increases on affluent Americans be part of any agreement to avoid a year-end fiscal crisis. The New York Times reports.
The Republicans’ Southern strategy, of appealing mostly to white voters, appears to have run into a demographic wall, The New York Times reports.
European citizens and political leaders welcomed President Barack Obama’s re-election Wednesday. European money was less enthusiastic, the New York Times reports.
With the presidential election over, Wall Street titans who supported Mitt Romney now face the prospect of having to mend fences with the Obama administration. The New York Times reports.
Robert Nardelli, XLR-8 founder & CEO and former Chrysler CEO, says both parties need to come together on job creation and energy policies, and discusses ways in which we can fix our economy and add jobs.
An election that was supposed to be about change actually could end up being an intensified dose of more of the same for investors.
Republican senator Lindsey Graham’s remark that there weren’t enough “angry white guys” to bring Republicans to power seemed prophetic in the light of President Barack Obama’s victory.
For the third Presidency in a row, a President has been re-elected to serve a second term (Bill Clinton, George W. Bush, and Barack Obama).
President Barack Obama was re-elected president Tuesday night, put over the top by the crucial battleground state of Ohio following the most expensive election in U.S. history.
Asian stocks quickly reversed their downtrend on Wednesday after news of U.S. President Barack Obama’s re-election removed a major source of uncertainty for regional markets. However, strategists told CNBC they were wary on how long the relief among investors would last.
As the hotly contested U.S. presidential election drew to a close in favor of Barack Obama, Democrats appeared poised to keep control of the Senate while Republicans maintained their hold on the House of Representatives.
Nevada has the highest unemployment rate in the nation, and its six electoral votes are up for grabs this election. Most of the state's registered voters are Democrats, but Republicans have been spending heavily.