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The struggle over cuts to this year’s federal budget has intensified concern in Washington, and elsewhere about the bigger clash coming over increasing the government’s borrowing limit, the New York Times reports.
The deal marked the end of a three-way clash of wills, but it also set the tone for coming confrontations over raising the government's borrowing limit, the 2012 budget and long-term deficit reduction.
Washington shutdown fears are sinking the U.S. dollar, according to some news reports. Surely there’s something to this, as investor confusion rises and confidence falls, and as Washington seems to be gridlocked over a few billion dollars.
As the U.S. moves closer to the so-called "Fiscal Cliff", big ticket government spending areas like defense programs are likely to be at the center of the debate.
The US government is careening towards a shutdown as Democrats and Republicans can't agree on a 2011 budget plan. I believe a shutdown will occur.
The White House likes the narrative of Obama fighting against corporate interests. But the truth is that big business is taking sides with the Democrats on the budget battle.
The companies most impacted by a potential government shutdown, with Paul Hickey, co-founder, Bespoke Investment Group, LLC. Hickey says more troubling for these companies is the likely budget cuts coming down the road.
A government shutdown looms.
CNBC's Silvia Wadhwa reports from Frankfurt on the expected rate hike by the ECB. Many see it as a warning that countries have to be responsible for getting their own fiscal houses in order. And John Harwood reports on a new NBC-Wall Street Journal Poll. Also, a look at the weather forecast for The Masters in Augusta, Georgia.
The US is going down a similar road to that of Greece and Portugal with regards to its budgetary decisions, John E.Silvia, chief economist at Wells Fargo, on Wednesday.
Cramer talks with Rep. John Sullivan, R-Okla., who introduced a bill to promote nat gas and lessen dependence on foreign oil.
Both parties face significant political risks if they fail to resolve their budget disagreements and avert a government shutdown, a new NBC News/Wall Street Journal poll shows.
"Stocks work great when the government isn't working at all," the "Mad Money" host explained.
An update on the budget battle showdown and insight on the potential impact of a possible government shutdown on equity markets, with Chuck Gabriel, Capital Alpha Partners; Keith Wirtz, Fifth Third Asset Management, and CNBC's Hampton Pearson.
Cramer explains why this may be. Plus, three stocks investors shouldn't bet against.
The long-term budget path outlined by House Republicans may shake up this year’s already contentious budget debate as well as next year’s presidential politics, the NY Times reports.
Already under pressure, state and local governments face a new worry: shutting the federal government could cut off badly needed funds, the NY Times reports.
One of the hidden gems of the Republican budget plan is the elimination of the Department of Energy’s clean energy loan program.
Obsessing over the debt is not by itself a policy. Advancing the economy and setting the stage for more job creation is a policy. Mr. Ryan kept an important dose of Ronald Reagan in both the spirit and reality of his plan. Limited government, lower tax rates, and deregulation (of energy) will all promote the path to prosperity.
House Speaker John Boehner responds to President Barack Obama's statements about budget negotiations. Boehner is to meet with Senate Majority Leader Harry Reid this afternoon.