Congress Political Leaders

  • Eurogroup President Jean-Claude Juncker

    The cancellation of Wednesday’s special meeting of euro zone finance ministers, which was planned to rubber-stamp Greece’s latest bailout deal, shows that other euro zone members are increasingly bargaining harder with Greece, economists told CNBC.

  • President Barack Obama

    The New York Times reports that President Obama’s political standing is rising along with voters’ optimism that the economy is getting better, according to the latest New York Times/CBS News poll, a shift that coincides with continued Republican disquiet over the field of candidates seeking to replace him.

  • Uncle Sam and money

    Members of a House-Senate committee charged with writing a measure to extend a payroll tax reduction and provide added unemployment benefits reached a tentative agreement Tuesday evening, with Republicans and Democrats claiming a degree of political victory in a fight with significant election-year implications, the New York Times reports.

  • Is Romney in Trouble in Michigan?

    The latest polls show Rick Santorum gaining ground on GOP front-runner, Mitt Romney. Discussing whether Romney's strategy of playing up his Michigan roots will work, with Howard Dean, fmr. DNC chairman, and Robert Costa, National Review.

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    European debt crisis headlines are the wild card for markets Wednesday, but the interesting news of the day may come from the Fed.

  • WASHINGTON, DC - FEBRUARY 14: U.S. President Barack Obama (R) and Chinese Vice President Xi Jinping pose for photographs before meeting in the Oval Office at the White House February 14, 2012 in Washington, DC. While in Washington, Vice President Xi will meet with Obama, Vice President Joe Biden and other senior Administration officials to discuss a broad range of bilateral, regional, and global issues.

    President Barack Obama told Chinese leader-in-waiting Xi Jinping on Tuesday that Beijing must play fair in international trade and vowed to keep pressing China to clean up its human rights record.

  • Dylan Morris of the Senate Budget Committee stacks copies of President Obama's budget for 2012 in the Committee's hearing room in Dirksen Building.

    President Obama’s proposed fiscal 2013 budget — combining deficit cuts, tax increases, and spending to fuel the economic recovery — is an approach right out of the Simpson-Bowles playbook. Whether or not it’s the right approach depends on whom you ask.

  • President Obama announced a reversal of his administration's health care rule requiring religious employers to provide women free access to contraception.

    If you shake out the Obama budget in terms of bold headlines, it’s really a class-warfare, tax-the-rich budget. Layer upon layer of tax hikes are piled on successful investors, small-business owners, and corporations.

  • In a somewhat stunning turn of events, the House Republican leadership has decided to add $100 billion to the US deficit by passing a 10-month extension of a Social Security payroll tax cut without finding offsets to pay for it.

  • Geithner on FY 2013 Budget

    Treasury Secretary Timothy Geithner testifies in front of the Senate Finance Committee on President Obama's FY 2013 budget.

  • Breaking Down the President's Budget

    The document can't be taken so seriously when the President punts on every major issue, says Sen. John Thune, (R-SD) and Arthur Brooks, American Enterprise Institute.

  • This satellite image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates.

    Ratings agency Standard and Poor’s (S&P) on Tuesday pointed to increased risks for issuers in the Middle East as the spiraling tensions between Iran and the West showed no sign of slowing down. Although the agency believed that the risks were already accounted for in its current ratings, it cautioned that a reassessment depended on how the situation developed.

  • Businessman with crystal ball

    The debate about whether stocks are ripe for a pullback will be as much a focus as anything else Tuesday, as investors watch some fresh U.S. economic data and await the next drama out of Europe.

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    If you shake out the Obama budget in terms of bold headlines, it’s really a class-warfare, tax-the-rich budget. Layer upon layer of tax hikes are piled on successful investors, small-business owners, and corporations.

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    In the short time between the election and Dec. 31, the lame duck U.S. Congress has a “golden opportunity” to close two-thirds of the budget deficit by letting tax cuts expire and allowing mandatory budget cuts to kick in, Roger Altman, founder of Evercore Partners and a former deputy U.S. Treasury secretary, told CNBC.

  • Egypt, Cairo, Sultan Hussan Mosque at sunset

    It’s been just over a year since former Egyptian President Hosni Mubarak stepped down after 18 days of protests, but the country’s grueling transition continues to weigh heavily on its economy.

  • Barack-Obama-Democrat-YMYV-200.jpg

    President Obama’s budget blueprint, to be laid out Monday, is an election-year wager that higher taxes on the rich and spending on popular programs will outweigh deficit concerns, The New York Times reports.

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    "I think the EU was a little harsh with the Greeks. It looks like they were trying to push them out of the euro zone. It could get bumpy next week,” said trader Art Cashin.

  • Global Markets Update: Greek Police Union Threatens to Arrest EU, IMF Officials

    Markets in Europe are mostly down as Greek opposition to the austerity plan heats up. Bank stocks are among the biggest losers. Spain approves sweeping labor market reforms. Four Greek ministers resign in protest over the new austerity package. Greece's police union threatens to issue arrest warrants for EU, IMF officials.

  • Greek protesters threw stones and firebombs at riot police who responded with tear gas in Athens on February 10 as clashes erupted on the sidelines of a protest against new austerity cuts.

    After appearing to be resolved, Greece's bailout is unraveling again. Renewed fears of a Greek default sparked a broad selloff in financial markets Friday.