CNBC's John Harwood reports on Donald Trump's comments hitting out at his critics in the press and the Republican Party. » Read More
Proposed Republican cuts that could erode the ability of the Securities and Exchange Commission (SEC) to implement aspects of the Dodd-Frank Act are an effort "to re-deregulate the economy," Rep. Barney Frank, (D-Mass), told CNBC Wednesday.
Wisconsin is poised to strip collective bargaining rights from most of the state's 175,000 public employees in the boldest step by a new Republican governor and Legislature to solve budget problems by confronting organized labor.
When Andrew M. Cuomo was sworn in as New York’s chief executive six weeks ago, he took control of a multibillion-dollar budget, tens of thousands of state workers and hundreds of agencies. But Mr. Cuomo appears to want to hang on to his old job, too, reports the New York Times.
Take a couple minutes to watch Dan Mitchell's new mini-documentary released to coincide with President Obama's FY2012 proposal.
"The simplest answer is that during normal times, we would see inflation," says one economist. "What people are missing is these are not normal times."
President Barack Obama says he's willing to work with Republicans to make changes to entitlement programs, like Social Security and Medicare, that threaten the nation's fiscal health
President Obama's budget proposal resurrects a series of tax increases that were largely ignored by Congress when Democrats controled both chambers. Republicans, who now control the House, are likely to be even less receptive.
Next week will be budget or bust on Capitol Hill as the House Leadership gets ready to vote on budget cuts. Some within the GOP are saying the $43 million in proposed cuts proposed by Budget Committee Chairman Paul Ryan (R-WI) are not enough. On the other side of the aisle, they are saying the cuts go too far.
Both Obama and Reagan inherited deep and brutal recessions. But the first six recovery quarters look much different for each president.
The Obama administration and House Republicans are settling into a game of chicken over Fannie Mae and Freddie Mac, with each side daring the other to advance a plan. The NYT reports.
"Most taxpayers are less concerned about the estate tax than they were before," says John Gast, partner and tax attorney at Brennan, Manna & Diamond. But that's no reason to forgo estate planning.
Federal money has long supported many projects in this upstate New York district, but that money is about to dry up. One of the culprits? The district's new Congresswoman. The NYT reports.
The Federal budget deficit cannot be brought under control or meaningfully reduced without addressing the looming insolvency of Social Security.
US health-care reform has cost the pharmaceutical company Glaxo SmithKline (GSK) millions of dollars in lost sales, a trend expected to continue in the near term, Andrew Witty, its CEO, told CNBC Thursday.
Republicans controlling the House promised Thursday to wring $32 billion from this year's budget in their drive to bring domestic spending down to levels in place before President Barack Obama took office.
We're a little less than two weeks away until the White House releases its 2012 budget and both sides are getting ready to battle.
Risks that the troubles in Egypt may spread have increased and the uprisings have a negative effect on growth, as well as contributing to higher prices, economist Nouriel Roubini said.
Those of us who advocate for wholesale income tax reform understand the quixotic nature of the fight. Our federal individual income tax system is so chock full of special beneficiaries that any action aligns an array of constituencies far too politically sympathetic to defeat.
Concluding that financial crisis was caused by a lack of regulation is too simplistic and ignores the global nature of the crisis, according to Republican members of the Financial Crisis Inquiry Commission.
New Jersey Gov. Chris Christie will propose a further cut in the state's corporate tax rate during his budget address in February, the governor told CNBC Wednesday.