November 14th, 2013
08:30 AM ET
5 months ago

Senators to grill Janet Yellen

New York (CNNMoney) - Let the grilling begin: Janet Yellen heads to Capitol Hill this morning to face the Senate Banking Committee in her confirmation hearing to serve as the next head of the Federal Reserve.

In opening statements released ahead of the hearing, Senator Tim Johnson, chairman of the committee, said he is "excited" to cast his vote in her favor.

FULL STORY

Filed under: CNNMoney.com • Congress • Federal Reserve • Janet Yellen • Senate
Obamacare's first month: 106,000 signed up
November 13th, 2013
03:36 PM ET
5 months ago

Obamacare's first month: 106,000 signed up

New York (CNNMoney) - Some 106,185 people signed up for Obamacare in its first month of operation, a period marred by major technological problems with both the federal and state enrollment websites.

Fewer than 27,000 Americans selected an insurance plan through the federal healthcare.gov site, which is handling enrollment for 36 states, according to figures released Wednesday by the Obama administration. The site is still far from fully operational, leaving tech experts racing to get it working by month's end, as the administration promised.

FULL STORY

Filed under: CNNMoney.com • Obamacare
What shutdown? Jobs growth strong in October
November 8th, 2013
09:07 AM ET
5 months ago

What shutdown? Jobs growth strong in October

New York (CNNMoney) – What shutdown? Job growth unexpectedly surged in October, even as the federal government closed its doors for 16 days.

The U.S. economy added 204,000 jobs, according to the Bureau of Labor Statistics. That was well above economists' expectations. There was more good news about hiring during the late summer. Revisions showed an extra 60,000 jobs were created in August and September.

FULL STORY

Filed under: CNNMoney.com • Government Shutdown • unemployment
Healthcare.gov needs a lot of work, but it's fixable
October 22nd, 2013
10:13 AM ET
6 months ago

Healthcare.gov needs a lot of work, but it's fixable

New York (CNNMoney) – If you're able to connect to the Obamacare website and enroll - a big if - healthcare.gov actually isn't the worst website in the world.

I got through after a week of trying, and found signing up for Obamacare to be a fairly straightforward process. (I get insurance through Time Warner, so I didn't actually have to seal the deal).

FULL STORY

Filed under: CNNMoney.com • Health care
2 numbers that could cause another shutdown
Republicans Jeff Sessions and Paul Ryan and Democrats Patty Murray and Chris Van Hollen are leading a bipartisan group of lawmakers who are trying to forge a budget agreement to fund the government for 2014.
October 22nd, 2013
08:00 AM ET
6 months ago

2 numbers that could cause another shutdown

New York (CNNMoney) – Forget a grand bargain. Most people will be relieved if Congress can just agree on funding for fiscal year 2014, which started three weeks ago.

Lawmakers have until mid-January, when the current round of temporary government funding expires, to figure it out. If they don't, the country could be at risk of yet another shutdown.

FULL STORY

Filed under: CNNMoney.com • Congress • Government Shutdown
Lew pushes to eliminate spending cuts
October 20th, 2013
03:30 PM ET
6 months ago

Lew pushes to eliminate spending cuts

New York (CNNMoney) – Only days after the debt ceiling and government shutdown showdown ended, Treasury Secretary Jack Lew promptly waded into the next fiscal fight: forced spending cuts known as the sequester.

He laid out the Obama administration's case in an op-ed for The International New York Times that the failure to replace the across-the-board "blunt spending cuts" would hurt the U.S. economy.

FULL STORY

Filed under: CNNMoney.com • Jack Lew
Al Gore tried to buy Twitter
October 17th, 2013
03:02 PM ET
6 months ago

Al Gore tried to buy Twitter

New York (CNNMoney) - Al Gore may not have invented the Internet, but he did try to buy one of its most popular social networks.

The former vice president told Bloomberg Television on Thursday that he and former Current TV co-founder Joel Hyatt tried to buy Twitter.

FULL STORY

Filed under: Al Gore • CNNMoney.com • Twitter
What did GOP win on Obamacare? Not much
Obamacare applicants will face tougher income verification standards under debt ceiling deal.
October 17th, 2013
07:44 AM ET
6 months ago

What did GOP win on Obamacare? Not much

New York (CNNMoney) - After taking the country to the edge of default, Republicans won virtually no concessions on the law they hate most: Obamacare.

Concerned that Affordable Care Act enrollees will scam the system to get federal subsidies to pay for insurance, the GOP demanded tighter income verification procedures for applicants.

FULL STORY
Debt ceiling countdown: What happens next
What happens on Thursday and what are the risks? The Treasury Department and Wall Street gird for the worst.
October 16th, 2013
08:33 AM ET
6 months ago

Debt ceiling countdown: What happens next

New York (CNNMoney) – Thursday, October 17, is now just hours away.

And Congress still has not raised the country's debt ceiling.

At this point, there's a very good chance it won't make the Thursday deadline.

FULL STORY

Filed under: CNNMoney.com • Congress • Debt • Government Shutdown
October 11th, 2013
08:24 AM ET
6 months ago

Starbucks petition seeks end to D.C. spat

New York (CNNMoney) – Would you like some bipartisanship with that latte?

Starbucks called Thursday for leaders in Washington to resolve the ongoing fiscal crisis, announcing plans to offer a petition on the subject to customers at its thousands of locations across the U.S.

FULL STORY

Filed under: CNNMoney.com • Congress • Government Shutdown
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