The punch bowl analogy is one that often gets mentioned when a Fed chief appears before Congress. Translation: The Federal Reserve thinks the economic recovery remains fragile.
Employers pay state and federal taxes to cover all those unemployment checks. But with unemployment at 9 percent, those taxes aren't enough, leaving some states in dire straits.
Gov. Jerry Brown canceled the sale of 11 state-owned buildings for $1.2 billion, saying the deal arranged under Schwarzenegger didn't make sense and would cost California more in the long run.
Republican Sens. Richard Lugar of Indiana and Orrin Hatch of Utah could face tea party challenges in their 2012 primaries. But while Hatch is embracing the tea party, Lugar is fighting it.
Several tea party freshmen in the House were part of a successful bid to defeat an extension of the Patriot Act. It shows how the tea party could challenge GOP unity on issues beyond the budget – from civil liberties to free trade.
As First Lady Michelle Obama publicizes her chosen issue, childhood obesity, she keeps dropping in humanizing details about her husband. Yes, he has gray hair. And boring fashion sense.
House Republican leadership wants to rein in the federal budget by $32 billion from current spending levels. But some of the rank-and-file want $100 billion in cuts – or more.
Vice President Joe Biden proposes spending $53 billion on a national high-speed rail network, but important Republicans in the House are less than enthused.
The moderate Democratic Leadership Council suspends operations. Liberals rejoice, others say the DLC succeeded in moving the party to the middle.
Donald Rumsfeld has a new book out, called “Known and Unknown.” The ex-secretary of Defense under President George W. Bush has been out on the chat circuit talking up the book, as authors do. Here are five things we learned from the memoir and/or Donald Rumsfeld interviews.
President Obama's State of the Union, along with the speeches that have followed, point to a blend of Kennedy vision and Reagan optimism to 'win the future' and fend off GOP challengers in the 2012 presidential election.
The Blue Dogs, conservative-leaning Democrats, were hit hard in Election 2010. The resignation of Rep. Jane Harman now deprives them of an influential member.
Obama's speech Monday to US Chamber of Commerce outlined plans to encourage innovation and business investment. But he also urged US companies to get off sidelines and 'invest in America.'
Christina Aguilera mumbled some lines and moved others around at her Super Bowl performance. Here are two possible reasons that the Christina Aguilera national anthem didn't go more smoothly.
The Obama administration outlined an 'innovation strategy' Friday. But GOP plans for budget cuts would fall in some of the same general categories that Obama hopes to target for investment.
The words of Republican and Democratic leadership on Capitol Hill suggest Congress is headed for a government shutdown over budget issues. But several bipartisan groups of rank-and-file senators are seeking to find a solution.
House Budget Chairman Paul Ryan releases his spending limits for the 2011 House budget. Democrats say the cuts are unconscionable. Some Republicans say they're too small.