New York (CNNMoney) - Automatic spending cuts.
That's the threat facing lawmakers if the special debt committee fails to propose at least $1.2 trillion in deficit cuts, or if Congress rejects its proposals.
Of course, many people think the process will fail.
New York (CNNMoney) – Three years after a financial crisis pushed the country deep into recession, an overwhelming number of Americans - 90% - say that economic conditions remain poor.
The number, reported Friday in a new CNN/ORC International Poll, is the highest of Barack Obama's presidency and a significant increase from the 81% who said conditions were poor in June.
TOPICS: Economic conditions, Obama or Bush more responsible for economy, favorable ratings for Bush, Bernanke, Buffett
Full results (pdf)
(CNN) - Democrats are looking to reach the key Hispanic demographic through a new Spanish-language television ad that slams Republicans for their resistance to President Barack Obama’s jobs bill.
The 30-second spot, titled "Siempre Dicen No” ("Always Say No"), was produced by the Democratic National Committee and will begin airing this weekend in Denver and Las Vegas - cities in two key battleground states that Obama won in 2008 and is looking to win again in 2012. Both have large Hispanic populations.
The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world. Click on the headlines for more.
For the latest political news:http://www.CNNPolitics.com
CNN: House approves short-term funding plan
Congressional approval of the measure keeps the government funded through October 4. The House will then have to consider a more comprehensive measure that would keep the government funded through November 18.