congress

He said before a Bertelsmann Foundation conference, "We're only two years from [2008's] cataclysmic financial crisis, and the huge damage to credibility and huge loss of confidence. The idea that Washington would court that risk i

Both publicly and privately, congressional Republicans have indicated they understand the implications of not raising the debt cap.

Treasury Secretary Timothy Geithner said Thursday that Congress will undoubtedly raise the debt ceiling because lawmakers recognize the major repercussions of not doing so.

In an email obtained by CNN, OMB Deputy Director for Management Jeffrey Zients tells agency officials that "given the realities of the calendar, good management requires that we continue contingency planning for an orderly shutdow

The White House Office of Management and Budget has notified federal agencies to start preparing and sharing contingency plans in case the government shuts down on Friday.

The AP is reporting that House Majority Leader Rep. Eric Cantor says the chamber will not pass another short-term federal funding bill to avoid a government shutdown if talks between the GOP and the White House fail to produce agr

After a judge rejected a deal between Google (GOOG) and book publishers that would have allowed the search engine giant to make every book published available, Google and publishers seemed unlikely to come to a new agreement. Inst

"We must defund ObamaCare now, and this C

CBS News is reporting that the House will vote today on another short-term spending bill that would keep the federal government operating for another three weeks -- while cutting $6 billion along the way -- but some Tea Party Repu

Federal Reserve Chairman Ben Bernanke told Congress that the central bank will press on with its $600 billion stimulus program because of stubbornly high unemployment, but also acknowledged that the bank is keeping a wary eye out