Debt Ceiling
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The Federal Reserve's bond-buying program and zero percent interest rates are dangerous, former Treasury Secretary Paul O'Neill told CNBC.
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The Federal Reserve's bond-buying program and zero percent interest rates are dangerous, former Treasury Secretary Paul O'Neill told CNBC.
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Malaysian Prime Minister Najib Razak announced he will dissolve parliament on Wednesday, paving the way for a long-anticipated general election late this month.
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Many politicians want to change the way Congress operates. So why do so many—Republican or Democrat—ultimately become the very creatures of habit they initially promised to replace, at least when it comes to pork and earmarks?
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The GOP will endorse immigration reform on Monday and outline plans for a $10 million outreach to minority groups in an effort to make the party more "welcoming and inclusive" for voters who overwhelmingly supported Democrats in 2012.
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With the Dow Jones reaching an all-time high and the S&P 500 not far behind, markets have shrugged off the disappointment of the sequester. But Alastair Newton, senior political analyst at Nomura says that far bigger hurdles lie ahead that could potentially give the U.S. another "brush with default".
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With stocks at all-time highs, there's little sign of a bubble forming in markets, Treasury Secretary Jack Lew told CNBC on Thursday.
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President Obama is warning that it may be impossible to reach a deal with Republicans on trimming the budget deficit.
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Democrats will unveil a budget blueprint that will slice the deficit by $1.85 trillion through spending cuts and tax increases.
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Rep. Paul Ryan called his third budget an "invitation" to President Barack Obama and Senate Democrats to begin bargaining toward a deal to balance the budget.
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The budget-balancing plan from Congressman Paul Ryan is a "total uncompromising" blueprint, Rep. Chris Van Hollen, ranking member on the panel, told CNBC.
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Although the spending plans will be miles apart ideologically, there are signs a compromise is possible, the New York Times reports.
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The GOP point person on fiscal issues said a compromise with President Obama is possible, even though their budget plan faces certain rejection from Democrats.
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Solutions for overcoming the partisanship that produces political gridlock in Washington.
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Bitter partisanship, ideological clashes, and relentless obstruction have been woven through Washington from the beginning. What is new is the divisions fall along mutually reinforcing lines.
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The House on Wednesday passed legislation to keep federal funds flowing to government agencies through Sept. 30, seeking to avert shutdowns that otherwise would begin on March 27 when current funding expires.
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While a trader known as the "London whale" has come to represent a multibillion-dollar blowup at JPMorgan Chase, Congressional investigators have discovered that the problems involved more senior levels of the nation's largest bank. The New York Times reports.
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Four months after Mr. Obama won a second term, the only issue that truly unites Republicans is a commitment to shrinking the federal government through spending cuts, low taxes and less regulation. The NYT reports.
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Communist Party chief Xi Jinping takes over as China's new president during the annual meeting of parliament beginning on Tuesday and bridging the widening income gap in the vast nation is one of his foremost challenges.
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The Senate confirmed Jack Lew as President Barack Obama's new Treasury secretary, putting the former White House chief of staff in the middle of a bitter political fight over the government's budget.
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Unemployment probably won't reach the 6 percent level until 2016, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday.
Politics
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Atlanta Fed President Lockhart told CNBC more solid economic data and a "substantial improvement" in jobs are needed.
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The rhetoric is heating up: North Korea warned that its military has been cleared to wage an attack on the US, while the Pentagon beefed up its defense of Guam.
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President Obama is reportedly returning 5 percent of his salary in tribute to furloughed federal workers, with CNBC's John Harwood.