WASHINGTON (CNN) - Pressure mounted for a federal investigation into Rupert Murdoch's media empire Thursday as a key member of a House oversight committee called for Congress to look into allegations that one of Murdoch's U.S.-based companies possibly broke anti-bribery and other laws.
Rep. Bruce Braley, D-Iowa, told CNN that "Congress has important oversight responsibilities" in responding to the charges and "getting to the bottom of this evolving scandal."
Rupert's News Corp. - the parent company of Fox News - may have engaged in "political espionage or personal espionage," Braley said.FULL STORY
WASHINGTON (CNNMoney) –– Elizabeth Warren is expected to face another round of tough questioning about the consumer financial protection bureau at a House hearing on Thursday, her third trip to Capitol Hill this year.
House GOP lawmakers want to curb the powers of the Consumer Financial Protection Bureau (CFPB) and have called Warren to "finish answering questions" that some lawmakers didn't get a chance to pose to her publicly during a tense May committee hearing.FULL STORY
Washington (CNN)–President Obama told debt negotiators Wednesday afternoon he is setting Friday as a deadline to decide where the group is in the process of trying to reach a broad agreement on deficit reduction and an extension of the debt ceiling, said House Majority Leader Eric Cantor, according to Democratic sources familiar with talks.
"[President Obama] said we also need to get in the mode here because we're going to have to decide by Friday which way we're going. And really, he said, we ought to all start to think about things we can do rather than things we can't," Rep. Cantor told reporters after Wednesday's debt talks concluded.
CNN Congressional Correspondent Kate Bolduan contributed to this story.
Washington (CNN) - Tax increases are one of the biggest sticking points in contentious negotiations to try and raise the nation's debt ceiling. But do Americans agree with the position of congressional Republicans that any deal should not include tax increases? Two new polls are gauging Americans' opinions.
A Quinnipiac University survey indicates that two-thirds of the public say an agreement to raise the debt limit should include tax hikes for wealthy Americans and corporations, not just spending cuts.
(CNN)-Former Alaska Gov. Sarah Palin had sharp words for both President Obama and Senate Minority Leader Mitch McConnell late Wednesday as she criticized their handling of the looming debt ceiling deadline.
"It's absolutely nonsensical the lack of planning that our leaders are exercising and showing their constituents coming out of D.C. right now," she said.
(CNN) - Call it a polling hat trick. For the third time this week, a survey of likely Iowa GOP caucus goers has Republican presidential candidate and Rep. Michele Bachmann at the top.
According to a new poll from Mason Dixon Polling and Research, 32 percent of people questioned in the survey say they are backing the congresswoman from neighboring Minnesota for the GOP presidential nomination. At 29 percent is former Massachusetts Gov. Mitt Romney, who's making his second bid for the White House. Bachmann's lead is well within the poll's sampling error.
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CNN: Tempers flare as debt talks get tense at White House
A fifth session of talks in five days is set for Thursday to head off a possible government default. Wednesday's session ended on a tense note with House Majority Leader Eric Cantor and President Barack Obama squaring off over the Republican's call for a short-term extension of the federal debt ceiling.
CNNMoney: Debt ceiling: Moody's puts U.S. on notice
Moody's Investors Services said it had initiated the review because of "the rising possibility" that Congress will fail to raise the debt ceiling by Aug. 2 - something that could lead to a U.S. default on its debt. …"Moody's considers the probability of a default on interest payments to be low but no longer to be de minimis," Moody's said in a statement.