Italy's political chaos could spell further elections, market uncertainty and economic turmoil, analysts warn.
Italian Prime Minister Enrico Letta will meet the president to try to chart a way out of a deep political crisis.
If past is prologue, a looming government shutdown could actually cost U.S. taxpayers money. A lot of money.
All ministers from former prime minister Berlusconi's party resigned from the government, said a spokesman for Deputy Prime Minister Angelino Alfano.
House Republicans will meet Saturday to determine how they can keep the government open while extracting big concessions on the health care law.
Rep. Debbie Wasserman-Schultz, (D-FL); Bob Shrum, Democratic strategist, and Joe Watkins, Republican strategist, discuss the likely fallout from a government shutdown and delaying the Affordable Care Act.
Michael Fallon, minister of state for business enterprise, tells CNBC that the Royal Mail needs access to private capital which is can't do until it has a proper shareholder base.
Wolfango Piccoli, managing director at Teneo Intelligence, tells CNBC that Silvio Berlusconi is posturing and is aware how precarious Italy's economic situation is.
Joachim Nagel, executive board member of Deutsche Bundesbank, tells CNBC that political uncertainty tries financial markets, and this will happen again if political instability rises.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up today, but tomorrow's inventory report could drive it lower. And the stronger dollar put still more pressure on gold.
House Speaker John Boehner says he thinks lawmakers will avert a government shutdown but he's seeking a whole host of concessions in return for raising the debt limit, reports CNBC's John Harwood.
Peter Orszag, Citigroup global banking vice chairman, shares his outlook on the state of the economy, as Congress continues to battle over the budget.
Peter Orszag, Citigroup global banking vice chairman, discusses the ongoing conflict in Congress and whether a compromise is possible, as lawmakers wrangle over government spending, taxes and debt.
Giorgio Napolitano pulls out of a political conference, citing the "disturbing" political developments concerning the country's fragile coalition government.
The European Union politician behind controversial legislation to cap bonus payments dismissed the U.K. government's plans to challenge them on CNBC.
Pierre Gattaz, chairman of MEDEF, tells CNBC that the increase in taxes in the French budget is a bad blow for competitiveness, growth and jobs.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Sen. Mark Warner, (D-VA), shares his views on how to cut government spending and implement tax reform in order to reach a compromise on the budget.
Sen. Bob Corker, (R-TN), shares his views on the tactics some members of the GOP are using to defund Obamacare and what he'd like to see happen to achieve a compromise.
Former Sen. Judd Gregg, (R-NH), and former Gov. Ed Rendell, (D-PA), discuss why the fight over Obamacare is counterproductive, and what Congress need to do to find the path to compromise.