Obama to propose pay hike for federal workers
February 8th, 2013
06:22 PM ET
2 years ago

Obama to propose pay hike for federal workers

Washington (CNNMoney) - President Obama plans to propose a 1% pay hike for civilian federal workers in his budget proposal for 2014.

The White House's Office of Management and Budget officials briefed federal labor leaders late Friday on the proposed pay hike.

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Filed under: Budget • President Obama
NRA power and money goes a long way in states
December 20th, 2012
06:08 PM ET
2 years ago

NRA power and money goes a long way in states

Washington (CNNMoney) - When Wisconsin's Gov. Scott Walker fought off a tough recall effort earlier this year, he did so with the National Rifle Association's political backing as well as $10,000, thanks to his work expanding gun rights in the state.

The NRA, the most well-known gun rights advocate and lobbying group, is in the spotlight following last week's shootings at the elementary school in Newton, Connecticut, that killed 20 children and six adults.

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Filed under: NRA
CEOs optimistic after Obama meeting
November 14th, 2012
06:59 PM ET
2 years ago

CEOs optimistic after Obama meeting

Washington (CNNMoney) - Honeywell International CEO David Cote struck a hopeful note after his meeting with President Obama on Wednesday.

"This is going to get solved one way or another," Honeywell's Cote said in an interview with CNN's Erin Burnett.

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Filed under: CNNMoney.com • Fiscal Cliff • President Obama
Geithner staying in job through inauguration
November 9th, 2012
03:48 PM ET
2 years ago

Geithner staying in job through inauguration

Washington (CNNMoney) - Treasury Secretary Tim Geithner is staying in his job until at least the Jan. 21 presidential inauguration to help leaders reach a deal to avoid the fiscal cliff, a top White House aide said Friday.

Geithner, 51, the last holdover from President Barack Obama's original economic team, has made clear he's ready to leave after four tumultuous years. With Obama's victory on Tuesday, Geithner was expected to resign, but nobody was sure when.

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Filed under: President Obama • Timothy Geithner
2012 election priciest to date: $4.2 billion tab and rising
November 5th, 2012
03:55 PM ET
2 years ago

2012 election priciest to date: $4.2 billion tab and rising

Washington (CNNMoney) - The tab for the 2012 election is breaking records, with $4.2 billion raised through Sunday on the races for the White House and Congress.

When all the numbers roll in, some $6 billion could be spent on the election, according to the Center for Responsive Politics.

Watch CNN's comprehensive coverage of Election Day starting at 6 p.m. ET Tuesday on CNN TV and follow online at CNN.com or via CNN's apps for iPhone, iPad and Android. For up-to-the-minute results, go to cnn.com/results and for our real-time Election Day live blog, check out cnn.com/conversation. Need other reasons to watch Election Day coverage on CNN's platforms? Click here for our list.

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Filed under: 2012 • CNNMoney.com
Bloomberg: Democrats control deficit fight
September 12th, 2012
04:13 PM ET
2 years ago

Bloomberg: Democrats control deficit fight

Washington (CNNMoney) - New York Mayor Michael Bloomberg said Wednesday that Democrats in Congress should use strong-arm tactics on Republicans to balance federal deficits and pull the nation from its economic malaise.

Bloomberg, an independent who has belonged to both parties, blamed "both ends of Pennsylvania Avenue" for undermining a full economic recovery. His comments were made in an appearance at the Economic Club of Washington.

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Filed under: 2012 • Congress • Democrats • Michael Bloomberg
Romney-Ryan would target federal workers
August 13th, 2012
02:44 PM ET
2 years ago

Romney-Ryan would target federal workers

New York (CNNMoney) - Federal workers' jobs will be under fire if Mitt Romney and Paul Ryan win November's election.

Both Romney and Ryan have made it clear that they think federal workers are one reason the nation's deficit is too high, and have talked about shrinking payrolls and cutting benefits.

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Filed under: 2012 • Mitt Romney • Paul Ryan
Student loan payback gets White House attention
June 13th, 2012
07:25 AM ET
2 years ago

Student loan payback gets White House attention

Washington (CNNMoney) - The deadline for Congress to extend the low 3.2% interest rate on student loans is fast approaching. But the Obama administration, eager to make college debt a re-election issue, is looking for a way to lessen the burden on graduates.

Last week, the White House rolled out a plan to make it easier for graduates to enroll in a special program that caps loan repayment, based on income.

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Filed under: Education
Elizabeth Warren vs. House GOP, round 3
July 14th, 2011
10:38 AM ET
2 years ago

Elizabeth Warren vs. House GOP, round 3

WASHINGTON (CNNMoney) -- Elizabeth Warren is expected to face another round of tough questioning about the consumer financial protection bureau at a House hearing on Thursday, her third trip to Capitol Hill this year.

House GOP lawmakers want to curb the powers of the Consumer Financial Protection Bureau (CFPB) and have called Warren to "finish answering questions" that some lawmakers didn't get a chance to pose to her publicly during a tense May committee hearing.

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Filed under: CNNMoney.com • Elizabeth Warren