New York (CNNMoney) - President Obama will nominate the former CEO of the utility company Edison International, John Bryson, to lead the Commerce Department, the White House said Tuesday.
If confirmed, Bryson would succeed Gary Locke, who has been nominated to serve as ambassador to China. Bryson will be officially introduced as the nominee at a Rose Garden ceremony later Tuesday.FULL STORY
New York (CNNMoney) -- The search for budget savings is on.
For the past couple weeks, Vice President Joe Biden and a bipartisan group of lawmakers have held a series of meetings. Their mission: Find money in the federal budget that can be cut and thus pave the way for Congress to raise the debt ceiling.FULL STORY
NEW YORK (CNNMoney) - The Obama administration has been talking about corporate tax reform a lot lately. And so it was on Friday - but not through prepared bullet points.
Reporters peppered White House Press Secretary Jay Carney with questions about a story in the New York Times detailing the efforts of General Electric to avoid paying taxes.FULL STORY
New York (CNNMoney) - Friday was the 155th day the federal government has operated without a budget, and some lawmakers spent it arguing over nickels and dimes.
Republican Sens. Jim DeMint of South Carolina and Tom Coburn of Oklahoma introduced a bill Friday that would save a little more than $400 million a year by stripping all federal funding for the Corporation for Public Broadcasting.FULL STORY
New York (CNNMoney) - Thursday was the 154th day the federal government has operated without a budget.
It's also the day that President Obama took the reins and deployed top-ranking officials to talk the matter over with congressional leaders from both parties.FULL STORY
NEW YORK (CNN Money) - The funding grants nobody wants. The "mobile" policing unit that doesn't get around much. How about the big fancy telescope that has been mismanaged?
President Obama's 2012 proposal lists more than 200 programs that he wants to cancel or cut, for billions in savings.FULL STORY
NEW YORK (CNNMoney) - The State Department has released its annual list of gifts from foreign governments to federal employees, and as one would expect, President Obama made out pretty well.
In total, the president racked up 54 gifts with an estimated value of more than $160,000 during 2009, the most recent tally that the government furnishes.FULL STORY
New York (CNNMoney.com) - Last year, their boss issued a challenge: Give me your best ideas to save money.
Their boss is President Obama, and he has opened the final round of voting on his "SAVE Award" for federal employees. Designed to streamline government by eliminating waste, four finalists are now vying for a chance to meet the president and see their idea implemented.
New York (CNNMoney.com) - If former Hewlett Packard CEO Carly Fiorina's bid to become the next senator from California succeeds, she will owe a giant "thank you" to the U.S. Chamber of Commerce.
The Chamber has pumped $4.9 million into the California Senate race to help Fiorina, a Republican, defeat Democratic Sen. Barbara Boxer, according to the Sunlight Foundation, a nonprofit that advocates for transparency in government.