Yellen called the proposed law a "grave mistake," that would undermine Fed policy and the greater U.S. economy.» Read More
Facing a looming federal default, the House GOP leadership will meet with President Obama at the White House on Thursday in a bid to resolve the budget deadlock.
House Republicans huddled on Friday to plot their next move amid a U.S. government shutdown and hopes for a deal to avoid a default.
The prospect of Congress failing to raise the nation’s debt limit has economists and investors exploring options the White House might have.
John Boehner tried to avoid defunding Obamacare in the budget negotiations. But his team capitulated yesterday. Here's what it's getting them.
President Obama is in the process of interviewing three candidates for the position at the helm of the central bank: Larry Summers, Janet Yellen, and a dark horse, Donald Kohn.
Furious lobbying and last-minute pleas to lawmakers ensured victory for the Obama administration as the House voted 217-205 to spare the NSA program.
The House speaker urged the president to push Democrats to back a move to switch student loan interest rates to a market-based system before they double.
CNBC's Maria Bartiromo speaks to House Speaker John Boehner (R-OH) about the leadership of Fed Chairman Bernanke and the impact QE is having on the U.S. economy.
"You can't continue to deflate our money and deflate it and deflate it (and) have the equity markets go up without some change."
An internal tug of war is raging between Republican luminaries and grassroots conservatives who decry immigration reform as "amnesty." NBC News reports.
President Obama blamed Republicans' refusal to close `wasteful' loopholes for the automatic budget cuts going into effect Friday, and said Americans will get through the crisis.
President Obama is meeting with Congressional leaders at the White House Friday morning to discuss automatic spending cuts, reports CNBC's John Harwood.
President Obama will meet Friday with the top leaders in the House and Senate, hours past the deadline for averting automatic budget cuts, to discuss how to proceed on divisive tax-and-spend issues.
In this excerpt from his Second Inaugural Address, President Obama defends the "commitments we make to each other - through Medicare, and Medicaid, and Social Security." (1:31)
President Obama is ceremonially sworn in to his second term, and addresses the people of the United States. "We the people still believe that every citizen deserves a basic measure of security and dignity, we must make the hard choices to reduce the cost of health care and the size of our deficit," he says.
CNBC's Eamon Javers reports capitalism is alive and well in the streets of Washington D.C. where President Obama's second inauguration is taking place today. Lamar Alexander, (R-TN) speaks on the peaceful transfer of power; and Vice President Joe Biden is ceremonially sworn in to his second term.
Discussing the inaugural addresses of former U.S. presidents, with Don Baer, Burson Marsteller CEO. Also, civil rights icon Myrlie Evers-Williams delivers the inaugural invocation for President Obama.
President Obama and Vice President Joe Biden, among other political leaders, ascend to the stage at the second inauguration of President Barack Obama.
Senate Minority Leader Mitch McConnell and House Democratic leader Nancy Pelosi are clashing over the prospect of another round of tax increases on the wealthy.
The White House warned Friday that Congress should avoid "playing with dynamite" in what's shaping up as the next "cliff" battle -- increasing the nation's debt ceiling.