Boehner says debt ceiling battle will come with spending cuts
January 4th, 2013
11:11 AM ET
2 years ago

Boehner says debt ceiling battle will come with spending cuts

Washington (CNN) – House Speaker John Boehner told members of his GOP conference Friday that he plans to use the upcoming battle over raising the federal debt ceiling as leverage for more spending cuts.

Speaking at a closed-door meeting of House Republicans, Boehner said it was time to focus on spending now that the fiscal cliff has been temporarily averted.
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Filed under: Debt • John Boehner
January 4th, 2013
10:38 AM ET
2 years ago

Can a $1 trillion coin end debt ceiling crisis?

(CNNMoney) - What if the threat of a voluntary default by the United States could be erased by simply turning one tiny scrap of platinum into a coin?

That's right. No debt ceiling problem. No bickering in Congress. No market jitters. The only thing needed is for the Treasury Department to mint a platinum coin with a face value of $1 trillion.


Filed under: CNNMoney.com • Debt
Crapo pleads guilty to DUI charge
January 4th, 2013
10:21 AM ET
2 years ago

Crapo pleads guilty to DUI charge

(CNN) – Sen. Michael Crapo, arrested in December for driving drunk in Virginia, said Friday after pleading guilty to the charges he had brought "shame" upon himself and his family.

Crapo will pay a $250 fine and surrender his license for a year, though a 180-day jail sentence was suspended on condition of good behavior. Last week Crapo's spokesman said the Idaho Republican would not contest the charges.
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Filed under: Senate
Chief Justice Roberts to get another go at oath
January 4th, 2013
09:35 AM ET
2 years ago

Chief Justice Roberts to get another go at oath

Washington (CNN) – His appearance in the 2009 inauguration is remembered mostly for the awkward moment he bungled the words to the presidential oath of office.

But on Friday, President Barack Obama announced he was giving Chief Justice John Roberts another chance – two in fact – to administer the oath at the president's second inauguration in mid-January.
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Filed under: John Roberts • President Obama
Barney Frank headed to Senate?
January 4th, 2013
08:38 AM ET
2 years ago

Barney Frank headed to Senate?

(CNN) – Just a day after ending his final term in the House of Representatives, Barney Frank hinted he may be headed back to Capitol Hill, if on a temporary basis.

The former Massachusetts lawmaker told hosts on MSNBC Friday he has asked Bay State governor Deval Patrick to appoint him as a temporary senator in the likely event John Kerry leaves the upper chamber to become secretary of state. Kerry, who was formally nominated to the post before Christmas, is widely expected to be confirmed by his colleagues.
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Filed under: Barney Frank • Massachusetts
December jobs report: Hiring and unemployment steady
January 4th, 2013
08:32 AM ET
2 years ago

December jobs report: Hiring and unemployment steady

New York (CNNMoney) - The job market ended 2012 with more growth, as moderate hiring continued at the end of the year.

The economy added 155,000 jobs in December, bringing the total number of jobs added in 2012 to 1.84 million, the Labor Department said Friday. The unemployment rate was unchanged at 7.8%.

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Filed under: Jobs • unemployment
Young adults fear budget cuts will hit loans
January 4th, 2013
07:40 AM ET
2 years ago

Young adults fear budget cuts will hit loans

New York (CNNMoney) - Young adults in America have reason to like the fiscal cliff deal, but they aren't celebrating yet.

The bill, which was signed into law by President Obama on Wednesday, kept a number of tax breaks for education and low wage earners that many young adults rely on. However, the deal merely put off budget cuts that could hurt key programs like education grants and job training programs.

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Filed under: Education • President Obama
Debt ceiling: Welcome to Fight Club
January 4th, 2013
07:33 AM ET
2 years ago

Debt ceiling: Welcome to Fight Club

New York (CNNMoney) - Brinksmanship over the debt ceiling could make the fiscal cliff standoff look like child's play.

Right after the House passed the fiscal cliff compromise, President Obama said, "I will not have another debate with this Congress over whether or not they should pay the bills that they've already racked up through the laws that they passed."

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Filed under: Debt
Forget discouraged, 3 million workers hopelessly unemployed
January 4th, 2013
07:26 AM ET
2 years ago

Forget discouraged, 3 million workers hopelessly unemployed

New York (CNNMoney) – Employers may be hiring, but there's another big problem with the job market that isn't being tracked as closely: the hopelessly unemployed.

An often overlooked number calculated by the Labor Department shows millions of Americans want a job but haven't searched for one in at least a year. They've simply given up hope.

FULL STORY

Filed under: Jobs • unemployment
POLITICAL HOT TOPICS: Friday, January 04, 2013
January 4th, 2013
04:54 AM ET
2 years ago

POLITICAL HOT TOPICS: Friday, January 04, 2013

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.

WASHINGTON/POLITICAL

CNN: Meet the 113th Congress: More diverse than ever
The newly sworn-in 113th Congress is the most diverse group of representatives in history, reflecting changing demographics and changing public attitudes. 98 women, 43 African-Americans, 31 Latinos, 12 Asian-American and Pacific Islanders, and seven gay and bisexual members are now new members of the House and Senate. Plus, there is the first Buddhist member in the Senate and Hindu member in the House of Representatives.

CNN: Big cabinet decisions loom as Obama vacations
As a new Congress takes over on Capitol Hill, all eyes are turning to what will certainly be a vastly different Obama Cabinet in the coming weeks. High-level vacancies in the administration are expected to include secretary of state, secretary of defense and treasury secretary. A permanent CIA director also must be chosen.

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Filed under: Political Hot Topics
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