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The CNBC news team with a look at today's rhetoric on the debt; what would happen if the government defaulted, and the staggering cost of Medicare and other federal programs.
This stock has been knocked down for the wrong reason, Cramer said.
There's be no money for U.S. defense as of Aug. 3 if there is no deal on the debt under a worst-case scenario, former Treasury Secretary Jay Powell told CNBC Monday.
The markets seem to believe that the federal government will raise the debt ceiling before August 2. And the markets may be right.
Consumer spending has weakened. Hiring has slowed. Stocks have slid. As tends to be the case in the long aftermath of a financial crisis, the economy once again needs help. And the debt talks have become the best opportunity for Washington to provide that help, the New York Times reports.
For the first time in its history, Medicare will soon track spending on millions of individual beneficiaries, reward hospitals that hold down costs and penalize those whose patients prove most expensive. The New York Times reports.
U.S. Senators cast enough votes to defeat a Republican proposal to privatize Medicare, a widely expected result but one that Democrats hoped would force GOP Senators to vote in favor of a plan that is increasingly unpopular with voters.
If the U.S. Congress hadn't approved the military operations in Iraq or Afghanistan during the Bush presidency there wouldn't be the need to raise the debt ceiling now, U.S. Rep. Barney Frank told CNBC Wednesday.
Health care is an emotional subject for many Americans — and often one of extremes. Yet, as we obssess about the system's structure and cost, we neglect our own health. Obesity and high blood pressure are more common, while exercise and diet are overlooked. Our special report, "Healthy Business", explores these issues.
House Republicans signaled Thursday that they were backing away from the centerpiece of their budget plan — a proposal to overhaul Medicare — in a decision that underscored both the difficulties and political perils of addressing the nation’s long-term fiscal problems. The New York Times reports.
After seeing old age or illness deplete their parents life savings, more baby boomer are signing up for long-term care coverage.
House Republicans appear to be on the defensive, facing worried questions from voters and a barrage of new attacks from Democrats and their allies, the New York Times reports.
I read in the paper Wednesday that Athens is going to hire a bunch of high level advisors to help it with its privatization program. The stuff done so far has been partial privatizations with minority stakes in state owned companies offered domestically and sold on the Athens stock exchange.
Higher oil, lower household wealth and continued trouble in the housing market will keep first-quarter growth "south of 2%," economist Martin Feldstein said Friday.
President Obama will call this week for Republicans to join him in writing a broad plan to raise revenues and reduce the growth of popular entitlement programs, the New York Times reports.
Government payouts—including Social Security, Medicare and unemployment—make up more than a third of US wages. “The U.S. economy has become alarmingly dependent on government stimulus,” says one economist.