Yellen called the proposed law a "grave mistake," that would undermine Fed policy and the greater U.S. economy.» Read More
Rep. John Boehner was re-elected House speaker on Thursday as the 113th Congress ushered in the new and the old -- dozens of eager freshmen determined to change Washington and the harsh reality of another stretch of bitterly divided government.
New Jersey Gov. Chris Christie blasted fellow Republican John Boehner and the GOP-controlled House on Wednesday, saying he was disgusted that Congress failed to approve emergency aid for victims of Superstorm Sandy.
A bipartisan furor erupted after House Republican leadership decided to allow the current term of Congress to end without holding a vote on aid for victims of Superstorm Sandy.
The top leaders in both parties on the House and Senate Agriculture committees have agreed to a one-year extension of the 2008 farm bill that expired in October, a move that could head off a possible doubling of milk prices next month.
Democratic and Republican sources involved in negotiations reported some progress Friday toward a potential deal averting the "fiscal cliff" ahead of an afternoon summit at the White House between President Barack Obama and congressional leaders.
"I think the market is going to punish us for our failure to act, and it may be the only thing to get us to act," said Rep. Peter Welch, (D-VT), discussing some of the issues preventing lawmakers from reaching a "fiscal cliff" agreement.
Treasury Secretary Timothy Geithner on Wednesday notified Congress that the U.S. is going to hit the debt ceiling on New Year's Eve.
House Minority Leader Nancy Pelosi makes remarks on debt proposals.
President Barack Obama is not ready to accept a new offer from the Republicans to raise taxes on top earners in exchange for major cuts in entitlement programs, a source said late on Saturday.
House Minority Leader Nancy Pelosi addresses the "fiscal cliff" discussions, and says, "We really have to come to some agreement in the next couple of days."
Republicans proposed steep spending cuts on Monday but gave no ground on President Barack Obama's call to raise taxes on the wealthiest in their first formal proposal to avert a "fiscal cliff" that could push the U.S. economy into recession.
House Minority Leader Rep. Nancy Pelosi addresses the fiscal cliff talks and what the Democrats are willing to do.
Nancy Pelosi is a crucial part of the discussion to avoid the fiscal cliff, reports CNBC's Jane Wells.
House Minority Leader Nancy Pelosi, D-Calif., has represented the San Francisco area for a quarter century. What do her constituents think about the "fiscal cliff?"
CNBC's Jane Wells speaks to constituents in the 8th district of California to find out what business leaders are saying about the Minority Leader's handling of the "fiscal cliff."
Rep. John Boehner (R-OH), Sen. Harry Reid (D-NV), Sen. Mitch McConnell (R-KY) and Rep. Nancy Pelosi (D-NY) offer insight on meeting an agreement on the fiscal cliff.
WASHINGTON, Nov 2- After the Nov. 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of the year. Regardless of who wins the Nov. 6 presidential election, Obama will be in the White House during the final months of 2012 when the ``fiscal cliff'' must be dealt with.
For the first time, the richest member of Congress in Roll Call's annual list had a net worth of more than $300 million. So who was the richest?
Michele Bachmann's tendency to cause a ruckus on Capitol Hill made her a tea party sensation. Allen West of Florida, Steve King of Iowa and Joe Walsh of Illinois are all embroiled in tough and expensive races that are drawing plenty of spending by friends and foes from around the country.
WASHINGTON, Oct 12- The Obama administration said on Friday it has not changed its stance on letting tax rates rise at year-end for high-income Americans, despite comments from Vice President Joe Biden in Thursday night's debate that seemed to suggest a shift.