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Top News & Analysis Washington DC

  • Prominent short-seller David Einhorn raised eyebrows last month when he popped up on Twitter to disavow that he had tweeted about Herbalife.

  • President Barack Obama speaks to the media after meeting with Congressional leaders at the White House.

    The president will try to salvage a big deficit-reduction deal this week, battling not only Republican resistance but also complaints from Democrats, the New York Times reports.

  • Cory Booker

    Newark Mayor Cory Booker told CNBC on Friday he's exploring a bid for U.S. Senate because the solutions to problems he's tackled New Jersey's largest city can work at the national level.

  • The U.S. Federal Reserve is considering jettisoning a plan to eventually sell off the massive haul of bonds it is now buying, a politically defensive strategy that would have the added benefit of supporting the economy for years to come.

  • Speaker Boehner: Can't Cut or Tax Our Way to Prosperity

    House Speaker John Boehner talks with CNBC's Larry Kudlow about the sequester and the fact that it hasn't affected the stock market. The sequester will remain in effect, says Boehner, until an agreement is reached on spending and reforms. It's important to have buy in from the members of Congress in order to reach a successful outcome, he says.

  • Larry Kudlow interviews Speaker of the House John Boehner.

    House Speaker Boehner told CNBC's Larry Kudlow that a long-term deal on entitlements is possible, and there's no good reason for the Obama team to have shut down the White House tour.

  • Fannie Mae and Freddie Mac will form a joint venture for securitizing home loans that could end up replacing the two government-controlled mortgage finance giants.

  • President Obama presides over the first Cabinet of his second term Monday.

    President Obama said Monday that agencies will need to make "very difficult decisions" as a result of sharp spending cuts that went into effect last week and warned that families will be hurt and economic growth will suffer.

  • Janet Yellen, the Fed's influential vice chair, said Monday the central bank's aggressive monetary stimulus is still warranted.

  • Sylvia Matthews Burwell

    President Obama made three major personnel appointments Monday, nominating Walmart's philanthropic head Sylvia Mathews Burwell as White House budget director, Gina McCarthy to lead the EPA and physicist Ernest Moniz to head the DOE.

  • Gina McCarthy to lead the U.S. Environmental Protection Agency (L), and nuclear physicist Ernest Moniz to head the Department of Energy (R).

    President Obama has selected air quality expert Gina McCarthy to lead the EPA and physicist Ernest Moniz to head the Department of Energy, a White House official said.

  • See Up To 0.5% Impact of Sequester on US GDP Over 12-Mths: Pro

    Martin Lakos, Division Director at Macquarie Private Wealth, says the rotation from bonds to equities is in full flow, despite concerns over the U.S. 'sequester' spending cuts.

  • Federal Reserve Board Chairman Ben Bernanke

    Ben Bernanke, the chairman of the Federal Reserve, said on Friday that pulling back on aggressive policy measures too soon would pose a real risk of damaging a still-fragile recovery.

  • U.S. Capitol Building in Washington, D.C.

    Just hours after across-the-board spending cuts officially took effect, Barack Obama pressed Congress to work with him on a compromise to halt a fiscal crisis he said was starting to "inflict pain" on communities.

  • President Barack Obama

    It's on: President Obama on Friday signed an order that starts putting into effect across-the-board budget cuts known as the "sequester" after he and congressional leaders failed to find an alternative budget plan.

  • Pipe is stacked at the southern site of the Keystone XL pipeline in Cushing, Oklahoma.

    The Keystone XL oil pipeline got a boost after the U.S. State Department said it would not likely change the rate at which Canada's oil sands are produced.

  • Wall Street has avoided the massive market turmoil that came with the "fiscal cliff" panic but is far from out of the danger posed by political turmoil.

  • President Barack Obama speaks after meeting Friday with congressional about budget cuts.

    President Obama blamed Republicans' refusal to close `wasteful' loopholes for the automatic budget cuts going into effect Friday, and said Americans will get through the crisis.

  • Obama: I Can't Just 'Jedi Mind Meld' the GOP

    President Obama tells reporters he can’t just magically make Republicans leaders agree with him on a deficit deal. (1:40)

  • A woman looks through mortgage paperwork in her home in Boise, Idaho.

    Borrowers whose homes were foreclosed on during the U.S. housing crisis will start receiving payments in April from a $3.6 billion fund under a previously announced settlement with 13 banks, regulators said on Thursday.