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    One of the boldest steps Mr. Ryan takes to address our long term economic success is reducing the top tax rate for both individuals and companies to 25 percent...The only thing I would add to the Chairman’s plan is tax relief that would encourage bringing home more than a trillion dollars of US capital that could be used to help create American jobs and net $50 billion in extra tax revenues that our economy would otherwise never receive.

  • See what's happening, who's talking and what will be making headlines on Tuesday's "Squawk on the Street."

  • Barack Obama

    As we approach next year's presidential elections, the chances of President Barack Obama being ousted by a rival from either side of the political divide are low, according to Thanos Papasavvas, the head of currency management at Investec Asset Management.

  • House Budget Chairman Paul Ryan, R-Wisc., holds a copy of his budget proposal 'The Path to Prosperity' during a news conference on the FY2012 budget resolution on Tuesday, April 5, 2011.

    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.

  • "We are in a debt crisis. The American people are expecting us to deliver on our commitment that we are going to change the spending cries in Washington," House Majority Leader Eric Cantor, the Republican congressman from Virginia, told CNBC Wednesday.

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    The ongoing debate over tax relief has lost all integrity, like a favorite sweater long past its prime. Some believe that tax cuts increase the budget deficit while others suggest wealthy citizens have no moral obligation to share their bounty. Worthy positions indeed, but they are two mutually independent arguments, both valid, one having nothing to do with the other.

  • A Nation Divided by Debt

    The battle over the budget and debt limit still looms. Insight with Rep. Eric Cantor, (R-VA).

  • Barack Obama

    A group of the largest US banks and fund managers stepped up the pressure on Congress and the Obama administration to reach a deal to increase the country’s debt limit. The FT reports.

  • GOP symbol and cash

    The big Wall Street Journal story on hedge funds does a good job of describing the shift of hedge fund political donations from Democrats to Republicans.

  • Ben Bernanke

    The Federal Reserve is increasingly confident in the economy and about to end a $600 billion program to support it. Now for the next step — figuring out how to keep inflation from taking off.

  • Donald Trump

    This season, the Republicans seem to be timid – dancing around the arena but not throwing their hats in the ring. Only Mitt Romney has been bold enough to ‘test the waters’ with an ‘exploratory committee’.

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    The Obama administration is preparing to inject an unpredictable new variable into its economic policy clash with Republicans: a plan to overhaul corporate taxes.

  • What does the 2102 US election have to do with the S&P downgrade and warning? Everything. Since Obama announced on April 4, the president's numbers have gone down in every poll conducted during that period according to The Hill.

  • U.S. Department of Treasury headquarters in Washington, D.C.

    Sen. Bob Corker on Wednesday threatened to vote against an increase in the country's borrowing limit unless government spending reductions are included.

  • U.S. Budget Debt Bomb Problem

    Weighing in on whether the S&P downgrade will help make something good come from spending reform, with Sen. Judd Gregg, (R-NH); William Cohan, "Money and Power: How Goldman Sachs Came To Rule The World" author and James Freeman, Wall Street Journal Editorial Page.

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    From the S&P downgrade, to the ever rising price of gasoline, to Federal Reserve Chairman Ben Bernanke's historic Q&A next week, economists have a lot to chew on these days. It's an economic dessert that could leave you with massive indigestion.

  • Geithner Responds to S&P Cut

    Treasury Secretary Timothy Geithner tells CNBC's Steve Liesman he disagrees with S&P's negative US outlook. He also discusses locking in targets for deficit reduction and reaching compromise with the GOP.

  • Markets quake after S&P touches the third rail. Goldman reports earnings without Buffett on its back. Research In Motion preps its unloved tablet and McDonald's conducts a supersized job fair. Here's what we're watching…

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    Standard and Poor's warning that the U.S. may not be able to get its fiscal house in order in time to avoid a credit downgrade could provide some of the push politicians need to work out a credible deficit reduction plan.

  • The United States is barreling down the track towards the debt ceiling of $14.3 trillion by mid-May according to the U.S. Treasury Department.