New York (CNNMoney) – Congress narrowly avoided pushing the country off the fiscal cliff. But it has done nothing to address the next and potentially bigger risk to the economy: the need to raise the debt ceiling.
To help separate fact from fiction in the battle, here's what you need to know about the issue.
Washington (CNNMoney) – President Obama will nominate his White House chief of staff, Jacob "Jack" Lew, to be the next U.S. Treasury Secretary on Thursday, according to a White House official.
Lew, 57, has been the leading candidate for months and would be the second Treasury Secretary during the Obama administration. Obama is expected to make the announcement during an early afternoon event in the East Room of the White House.
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CNN: Biden's gun panel meets with faith leaders
Vice President Joe Biden and officials on his gun violence committee held an unannounced meeting Wednesday evening with a group of 12 national faith leaders. One theme brought up by several participants was the "moral tragedy" reflected in the gun violence the nation has seen over the past several months.
CNN Security Clearance: Hagel trying to set record straight
On his second day at the Pentagon, Defense Secretary nominee Chuck Hagel is trying to set his Iran record straight, saying he supports tough international sanctions against the country in an attempt to counter complaints by critics who say he favored talking directly with the government in Tehran, according to Defense officials with direct knowledge of the nominee’s conversations Wednesday.