Congress wants answers on why the IRS targeted conservative groups, two senior politicians tell CNBC.» Read More
With stocks at all-time highs, there's little sign of a bubble forming in markets, Treasury Secretary Jack Lew told CNBC on Thursday.
President Obama is warning that it may be impossible to reach a deal with Republicans on trimming the budget deficit.
Democrats will unveil a budget blueprint that will slice the deficit by $1.85 trillion through spending cuts and tax increases.
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.
The budget-balancing plan from Congressman Paul Ryan is a "total uncompromising" blueprint, Rep. Chris Van Hollen, ranking member on the panel, told CNBC.
Although the spending plans will be miles apart ideologically, there are signs a compromise is possible, the New York Times reports.
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.
Solutions for overcoming the partisanship that produces political gridlock in Washington.
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.
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.
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.
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.
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.
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.
Unemployment probably won't reach the 6 percent level until 2016, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday.
Hundreds of thousands of workers at firms with government contracts are expected to be laid off because of sequestration. But picking who stays and who goes could be complicated and costly.
The richest Americans pay to influence U.S. policy toward cost cutting to benefit themselves, said a new study. But they could also be doing the right thing for the economy.
A new bipartisan deficit-reduction plan to slash a massive $600 billion from U.S. healthcare spending over two decades has policy experts scratching their heads over how such an ambitious target can be reached.
The focus on the sequester is obscuring the real issue which is the exploding cost of entitlements, Stanley Druckenmiller founder of Duquesne Capital, told CNBC.
The public is only dimly aware of automatic budget cuts set for next week despite weeks of dire warnings from Washington, according to a poll.
Lois Lerner, the IRS official at the center of the alleged Tea Party targeting, has been placed on administrative leave.
House of Representatives on Thursday voted to switch federal student loan interest rates to a market-based system.
President Obama is giving a speech on counterterrorism in Washington, specifically addressing the use of drones, with CNBC's John Harwood.