Elections Republicans

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    Politicians on Capitol Hill are playing with fire on the debt ceiling and need to accept responsibility for the debt crisis rather than engaging in a hypocritical debate on tax and spending, according to Jan Poser, the chief economist at Sarasin in Zurich.

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    Currency investors are currently debating the merits of a proposed plan to allow a tax holiday for big US multinationals that could see money pour back into America, potentially boosting the dollar.

  • U.S. Sen. Bob Corker wants trillions in spending cuts and sees no reason to avoid using the Aug. 2 deadline to put some "leverage" on the Obama administration.

  • U.S. Minority Leader Rep. John Boehner

    At a private meeting about deficit reduction at the White House last week, Speaker John A. Boehner told his fellow Congressional leaders and President Obama that he did not spend 20 years working his way up to the top job on Capitol Hill just for the cachet of the title — he wanted to accomplish something big, the New York Times reports.

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    Mississippi Gov. Haley Barbour pulled out of the 2012 presidential race in April but that didn't stop him from sounding like a candidate as he criticized the Obama administration for its economic policies.

  • It's a good time to be invested in stocks and high-yield bonds — even Venezuelan bonds, Anne Lester, portfolios manager of the JPMorgan Income Builder Fund, told CNBC Thursday.

  • Debt Ceiling Meeting

    CNBC's Eamon Javers has a preview of Congressional leaders' meeting with the President and Rep. Eric Cantor (R-VA) shares what he thinks are the loopholes in debt talks.

  • Rep. Ryan Paul from Wisconsin

    House Republicans are willing to discuss closing tax loopholes with President Obama in exchange for lowering tax rates, House Budget Chairman Paul Ryan (R-Wisc.) told CNBC Wednesday.

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    We're less than a month away from the all important August second deadline for Congress to pass the debt ceiling. With an all star cast for Thursday's big debt summit, you can almost script the partisan comments going into the meeting and going out. But will partisan politics continue or will sanity prevail? Will we see a deal where there are serious entitlement cuts and tax measures that in the long run will cut into the deficit?

  • GOP symbol and cash

    President Barack Obama's financial overhaul law is nearly a year old. For congressional Republicans, the fight to weaken it is just starting.

  • President Ronald Reagan watches as British Prime Minister Margaret Thatcher speaks November 16, 1988 in Washington, DC.

    As Fourth of July celebrations get under way across the United States, London will hold its own tribute to America's 40th President, Ronald Reagan, with the unveiling of a bronze statue outside the American embassy in Grosvenor Square.

  • Treasury Building

    The troubled periphery of the euro zone and the global economy will affect yields of US bonds more than the official end of the latest round of money-printing by the Federal Reserve, analysts told CNBC.

  • Mortgage

    As millions of Americans struggle in foreclosure, big banks are going to borrowers who are not even in default and cutting their debt or easing the mortgage terms, the NY TImes reports.

  • New York Stock Exchange

    During a discussion over forward planning at CNBC’s London offices on Thursday our Assignments Editor told me we have been on 103 outside broadcasts in Europe and the Middle East alone in the first half of the year.

  • US 1040 tax form

    The U.S. tax code is "absolutely broken" and the only way to fix it is to spread the burden to lower- and middle-income earners, Scott Hodge, president of the Tax Foundation, told CNBC Thursday.

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    The U.S. debt is at record levels as  economists and politicians warn about the dangers it poses for the country. So what is the debt and how does it effect you? Here are some basics.

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    Both sides need to partake in educating the voters as to the choices and why the current spending is unsustainable. The more light that is shone on the negotiations; the more likely there will be a smooth process.

  • Rising Senate star Marco Rubio of Florida put out a strong growth message in our interview last night.

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    U.S. Treasury Secretary Timothy Geithner is not expected to significantly shift the Aug. 2 date when the government will have exhausted all of its emergency measures to stave off default, a source familiar with the administration's efforts said Monday.

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    The White House said Monday that a "significant" deal with Republicans on cutting government spending and raising the nation's debt limit is still possible, even as the administration hardened its stance on the need for increased tax revenue to be part of any agreement.