White House

Obama Shifts Focus to Jobs

President Barack Obama leaves behind scandal-focused Washington to focus on the country's slowly improving jobs picture.

President Obama's Weirdest New Taxes

To achieve $1.8 trillion in new revenue, President Obama has plenty of big taxes in his budget proposal. Here are some quirky maneuvers he suggests.

Suffering from Crisis Fatigue, Americans Tune Out Sequester

President Obama is going all out to warn Americans about what could happen if the sequester hits. The country's response: a collective yawn, as we assume that after the political grandstanding, a deal will be struck as usual. But that may not happen this time.

Obama Presses Congressional Republicans to Avert Sequester

President Barack Obama is urging congressional Republicans to accept more tax revenue in order to avert the sequester -- an $85 billion, across-the-board budget cut due to take effect March 1 that could derail America's still stuttering economic recovery.

Pop Quiz: Fun Facts from Inauguration Days Gone By

On Monday, President Obama will be inaugurated again, and an estimated 800,000 people will descend on Washington, D.C., for the occasion. To get yourself ready for the festivities, take this little quiz that features some high and low points from America's 57 inaugurations.

Night of the Living Debt Ceiling: The Fiscal Horror That Is to Come

Last week's fiscal cliff deal did much to resolve the dark specter of economic uncertainty in America. However, it was only the first of three fiscal crises set to hit before March. Next on deck, another sequestration battle; and then the biggie: "Debt Ceiling 2: The Tea Party Strikes Back."

Debt Crisis Looms as Congress Digs in Its Heels

Legislators show no signs they're heading toward compromise in resolving the nation's next financial crisis, with Democrats talking about further taxes hikes on the rich, and Republicans saying a crippling default on U.S. debt is possible unless they get significant cuts in government spending.

Boehner Caves, Agrees to Hurricane Sandy Aid Vote on Friday

Under intense pressure from angry Republicans, House Speaker John Boehner agreed late Wednesday to a vote this week on aid for Superstorm Sandy recovery. He will schedule a vote Friday for $9 billion for the national flood insurance program and another on Jan. 15 for another $51 billion in aid.

Done Deal: Fiscal Cliff Bill Passes the House

A weary House of Representatives passed legislation late Tuesday night that will prevent the long-feared fiscal cliff of broad tax increases and spending cuts. The bill's passage on a bipartisan 257-167 vote sealed a hard-won political triumph for President Barack Obama.

Fiscal Cliff Averted: Details of the Deal

An agreement was reached late Monday between the White House and Senate Minority Leader Mitch McConnell aimed at averting the fiscal cliff. Early Tuesday morning, the Senate passed the bill, and late Tuesday night, so did the House. Let's break down the key points of the deal.

The 6 Biggest Busted Bets of 2012

As pundits and politicians rush to sew the year up into a neat little bundle, we decided to look at 2012 from a slightly different angle. Here is our list of the year's worst bets -- six developments that seemed like sure things in January, but were bust by December.