John Harwood, NBR, CNBC.com’s Posts

The first members of the massive baby boom generation began retiring four years ago. Tens of millions are right behind them, leaving politicians in Washington the unenviable task of finding money to shore up the two popular entitlement giants.

Watch the interview here Donald J. Trump. Long a flamboyant figure in American life — as a real-estate developer and reality show host — Trump, 69, entered the race in June in unorthodox fashion. At a moment when Republican leaders hoped to repair relations with Latino voters, he seized on the issue of illegal immigration, …

Watch the interview here CEDAR RAPIDS, Iowa—Of the two dynasty candidates in the 2016 presidential race, Jeb Bush has it much harder than Hillary Clinton. It’s in the poll ratings, and the records. The former Florida governor, once the presumed Republican front-runner, trails Donald Trump and Ben Carson nationally; Clinton leads the Democratic race despite …

House Minority Leader Nancy Pelosi and fellow Democrats last week handed President Barack Obama the worst intraparty defeat of his administration. They joined Republicans to block legislation that would smooth the path for the Trans-Pacific Partnership, a trade deal among a dozen nations that is the centerpiece of the president’s foreign policy “pivot” to Asia. …

In modern American politics, Democrats and Republicans disagree on virtually everything—except the virtues of small business, that is. This sector is “the backbone of the U.S. economy,” said the Republican Party platform, which hails small business 11 times. It is “the engine of job growth,” said the Democratic platform, which touts small business 19 times. …

Hillary Clinton will enter the 2016 presidential race with the strongest chance to win the White House of any non-incumbent front-runner in decades, from either party. That doesn’t mean she will win. Her current strength within her own party is overwhelming. The most recent NBC News/ Wall Street Journal poll showed that virtually all Democratic primary …

The House and Senate are considering a step so improbable it deserves more public attention than it has gotten. They are considering a bipartisan compromise to overhaul Medicare. They may even approve it this week. Let me repeat: Congress may approve a bipartisan compromise to overhaul Medicare. No, it’s not a comprehensive answer to Medicare’s …

In their initial budget proposals, House and Senate Republicans have displayed some notable intraparty divisions—over financing defense spending and overhauling entitlement programs, among others. But those shadings pale next to the stark, black-and-white contrast with the priorities in President Barack Obama’s spending plan. And that contrast will frame debate in the evolving 2016 race to …

The Supreme Court hears arguments about Obamacare on Wednesday in a case forcing justices to decide just how big a mess they are willing to create. That’s a political question, not a legal one. But it’s the biggest question posed by the challenge to the Affordable Care Act in the case of King vs. Burwell. …

Republican congressional leaders once again confront their core problem: taming a conservative base unwilling to recognize limits on its popularity and power. This time, the issue is funding for the federal Department of Homeland Security. Republican lawmakers have withheld it as a pressure tactic in hopes of reversing President Barack Obama’s recent immigration order. Since …

President Barack Obama has long since passed the point when Congress would readily enact policies he favors. But by dissecting the forces underlying middle class income stagnation, he seeks to shape what Washington does about it—now or later. That’s the significance of the 2015 Economic Report of the President released by the White House on …

The president’s goal is lifting the incomes of middle-class families that have stagnated in recent decades while more affluent Americans have benefited from economic growth. To do that, he proposed decreasing some tax benefits from the affluent in order to increase benefits for the less well off. Specifically, the president proposed to raise $1 billion …

Americans have emerged from the deep economic pessimism produced by the Great Recession and financial crisis, according to a new NBC News-Wall Street Journal poll. The survey shows attitudes brightening along with positive recent economic news, from strong hiring by businesses to solid overall growth. The proportion of Americans who say they are satisfied with …

President Barack Obama plans to announce an executive order in Las Vegas on Friday to address immigration reform, CNBC has confirmed. Another source familiar with the situation told CNBC that Obama could yet give a broader outline on an immigration order on Thursday and add detail on Friday. The president has been long expected to …

The Republican breakthrough in midterm elections represents a major setback for President Barack Obama and changes the outlook for action in Washington on issues important to business and the economy. New Senate Majority Leader Mitch McConnell, himself re-elected easily in Kentucky, will command at least 52 seats when the next Congress convenes in January. That …