November 12, 2012 A second term means some new Cabinet appointments for President Obama, including at Treasury. After four pretty grueling years, Secretary Timothy Geithner has made it clear he will be leaving Washington, but who will replace him? Erskine Bowles and Jack Lew are two names that are mentioned.
November 9, 2012 Post-election Washington is buzzing with talk of compromise and cooperation. Republicans and Democrats want to avoid a looming budget and economic disaster, and their leaders say they're ready to get to work. But some budget experts say it may be necessary to go over the fiscal cliff to reach an agreement.
November 8, 2012 With the election over, attention in Washington has turned to the nation's debt and deficit challenges — most immediately $600 billion worth of expiring tax breaks and automatic spending cuts. Both the president and congressional leaders are signaling a willingness to work together to avoid a fiscal disaster.
October 19, 2012 While pundits clamor to predict the outcome of the presidential election, they would be hard pressed to beat the record of betting markets. It's illegal for Americans to bet on the outcome of an election, but there are several "prediction markets" where they can put money down on a candidate.
October 8, 2012 His plan calls for more spending on infrastructure, a tax cut for firms that hire new workers, aid to state and local governments, and a program to rebuild schools. An analyst who has studied it says the infrastructure part makes sense, but the rest is less potent.
September 25, 2012 The risks to the global economy from trouble in Europe have diminished somewhat in recent weeks, according to Christine Lagarde, managing director of the International Monetary Fund. But she says the dangers from the so-called "fiscal cliff" in the U.S. have increased.