House Budget Chairman Paul Ryan told CNBC that he expects the across-the-board spending cuts known as the "sequester" take effect after Friday's deadline.
What will it take for lawmakers to come together and tackle the debt crisis? Rep. Paul Ryan, (R-WI), provides the Republican perspective on the budget battle in Washington.
Todd Cione, COO of Microsoft Asia Pacific, speaks to CNBC about the upgraded Windows Office and the importance of consumer privacy.
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.
Unemployment probably won't reach the 6 percent level until 2016, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday.
According to a KBW report, automatic spending cuts could hit the bank stocks. Fred Cannon, Keefe, Bruyette & Woods, discusses what impact the sequester could have on financials.
CNBC's John Harwood reports House Speaker John Boehner is blaming Democrats in the Senate of not doing their work and putting forth an alternative proposal.
President Obama expounded on the economic consequences of no agreement on government spending cuts and revenue increases at a shipyard in Newport News, Va. CNBC's John Harwood offers insight.
Hundreds of thousands of workers at firms with government contracts are expected to be laid off because of sequestration. But picking who stays and who goes could be complicated and costly.
President Obama isn't "moving the goal posts" by asking for more revenue to avoid the automatic spending cuts, White House economic adviser Gene Sperling told CNBC.
Gene Sperling, National Economic Council director, discusses the crisis of leadership in Washington as lawmakers demand compromise on spending cuts in the budget.
The public is only dimly aware of automatic budget cuts set for next week despite weeks of dire warnings from Washington, according to a poll.
Peter Morici argues Obama wants a painful crisis to push the GOP into accepting higher taxes or losing at the polls.
Former Senator Alan Simpson tells CNBC’s John Harwood why he and Erskine Bowles, co-chairs of the National Commission on Fiscal Responsibility and Reform, are now calling for an even larger deficit reduction target.(0:48)
President Barack Obama will make a fresh push to force Republicans to make concessions that will head off budget cuts that appear to kick in starting on March 1.
President and CEO of The National Association of Manufacturers Jay Timmons shares his message to President Obama; and Diana Furchtgott-Roth, Manhattan Institute senior fellow; and CNBC Contributors James Pethokoukis and Dan Greenhaus, weigh in.
CNBC's Hampton Pearson reports on the Democrats plan to stop the sequester; and sharing perspective is Diana Furchtgott-Roth, Manhattan Institute senior fellow; and CNBC Contributors James Pethokoukis, Dan Greenhaus & Ari Melber.
Jack Bouroudjian, CEO at Bull and Bear Partners says the Republicans' mandate on the economy has been lost. He believes they need to come up with pro-growth policies that Democrats can embrace.
President Obama gave Congress an ultimatum on climate change in his State of the Union speech: Craft a plan to slash greenhouse gas emissions or the White House will go it alone.
Sen. John Barrasso, (R-WY), comments on the GOP's response to President Obama's State of the Union address, and weighs in on the nation's debt limit dilemma.