(CNN) – Hawaii’s governor announced Wednesday that Lt. Gov. Brian Schatz will fill the seat in the U.S. Senate left vacant after the death of Sen. Daniel Inouye.
Schatz, 40, is a former state legislator and executive of a nonprofit group.
New York (CNNMoney) - Government borrowing will hit the debt ceiling on Monday, Treasury Secretary Tim Geithner said in a letter to Congress Wednesday.
As a result, the Treasury Department will soon start using what it calls "extraordinary measures" to prevent government borrowing from exceeding the legal limit, Geithner wrote.FULL STORY
(CNN) – President Barack Obama's Cabinet - currently undergoing a mid-presidency shuffle - receives mixed reviews in a CNN/ORC International poll released Wednesday.
But the president's wife, first lady Michelle Obama, still gets high marks as she prepares for another four years in the White House alongside the president.
Washington (CNN) – Senate Majority Leader Harry Reid, in conjunction with the White House, is working to see if the scaled back fiscal cliff package President Barack Obama laid out last week can get through Congress before December 31st.
Reid has made clear in private conversations he does not want to bring any bill to the Senate floor unless he is sure it will pass both the Democratic-led Senate and the Republican-held House.
(CNN) - Former President George H.W. Bush remains in an intensive care unit at a Houston hospital with a "stubborn fever that is slightly elevated," his spokesman told CNN on Wednesday.
He has been in the intensive care unit at Methodist Hospital since Sunday, spokesman Jim McGrath said, and has been hospitalized there for over a month.
New York (CNNMoney) - The return of the so-called marriage penalty could cost many couples more than $2,000 in higher 2013 taxes if Congress doesn't get its act together and fix the fiscal cliff.
As a result of the Bush tax cuts, married couples get a standard deduction that's exactly twice that of individuals. And the income ranges for the 10% and 15% tax brackets are also doubled. Prior to 2001, many married couples had paid a "penalty" because their standard deduction and income tax brackets were less than twice those of singles.FULL STORY
Washington (CNN) - Sometime in the next 10 days, a fiscal cliff agreement is likely.
It almost certainly won't be the grand bargain sought by President Barack Obama and House Speaker John Boehner that addresses the nation's chronic federal deficits and debt.FULL STORY
(CNN) – The Fiscal Cliff looms, a federal Frankenstein created by Congress. As lawmakers remain frozen, individual Americans are responding to the situation. In song.
They range from comical to cynical to practical. But the common denominator is sharp wit.FULL STORY
(CNN) – As President Barack Obama prepares to cut his Hawaii vacation short and return to Washington, a new poll indicates only half of Americans believe he and Congress will strike a deal to avoid the fiscal cliff by the year-end deadline.
The Gallup daily tracking poll released Wednesday showed 50% thought a deal was very or somewhat likely, compared to 48% who said a deal was not likely. That's a much tighter margin than a poll taken earlier this month: On December 9, 59% said a deal was likely, while 38% considered a bargain unlikely.