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.FULL STORY
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.FULL STORY
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.FULL STORY
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.FULL STORY
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.FULL STORY
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.FULL STORY
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.FULL STORY
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.FULL STORY
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.FULL STORY