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.
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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.
Des Moines, Iowa (CNN) - On Thursday, just over 17-years after he unveiled the first "Contract with America," former House Speaker Newt Gingrich officially proposed another campaign contract.
Flanked by two huge banners emblazoned with the title "21st Century Contract with America," Gingrich stood alone on stage and spoke to insurance company employees in Des Moines, Iowa. If he is elected president, Gingrich said, he'd immediately begin to act on the new campaign contract. But said he would need two full presidential terms to fully implement it.
Washington (CNN) - Tracking trackers is the order of the day in the Virginia senate race as Republican George Allen runs to recapture the seat he lost in 2006, arguably as a result of the moment that made trackers famous.
Virginia Democrats claim the former governor and senator has something to hide. Meanwhile, Allen's team says it's "disappointing, but not surprising" that Democrats are using the tactic of sending trackers to his events, forcing them to remove them.
Washington (CNN) - The Arizona Republican Party and CNN will co-host a GOP presidential debate on December 1 in Arizona – a crucial state in the Republican nominating process.
"Arizona is a key state that will play a pivotal role in helping Republicans choose their presidential nominee," said Sam Feist, CNN Washington bureau chief and senior vice president. "CNN is honored to provide voters in Arizona and around the country an opportunity to hear the GOP candidates present their vision for the future."
Derry, New Hampshire (CNN) - Jon Huntsman will move his campaign headquarters from Florida to Manchester, New Hampshire as the GOP hopeful fully commits to his New Hampshire strategy.
After re-structuring his struggling campaign this summer, the former Utah governor said in August he would concentrate on winning Florida, South Carolina and New Hampshire.
Columbia, South Carolina (CNN) - Republican presidential candidate Mitt Romney's wife will have dinner Thursday with South Carolina Gov. Nikki Haley and then spend the night at the governor's mansion, according to Romney and Haley spokespeople.
The dinner will conclude a day of campaigning for Ann Romney in the pivotal early primary state with visits to Spartanburg and Simpsonville. On Friday, Mrs. Romney will submit the election filing form and fee to the South Carolina GOP to officially get her husband's name on the presidential primary ballot.