Politics and Government

Clinton’s economic plans

John Harwood explains what presidential candidate Hilary Clinton has planned for your money.

Photographer | CNBC
The Cuban Embassy reopened in Washington, D.C. on July 20th, 2015.

As the Cuban Embassy in Washington D.C. reopens on Monday after a 54-year gap, analysts said that easing relations with the U.S. could provide “limited” commercial benefit for the communist nation with tourism and telecoms set to be the biggest beneficiaries. For the first time since 1961, the two countries will reopen embassies in each …

Andrew Harnik | Reuters
President Barack Obama delivers a statement about the nuclear deal reached between Iran and six major world powers with Vice President Joe Biden at his side during an early morning address to the nation from the East Room of the White House in Washington, July 14, 2015.

President Barack Obama on Tuesday began selling the nuclear deal with Iran, saying it opens a chance to stop the spread of nuclear weapons in the Middle East. He threatened to veto a move by Congress to block it. “As Congress and the American people review this deal, it will be important to consider the …

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President Barack Obama.

President Obama will announce a sweeping change to the nation’s overtime pay law, dramatically expanding the number of people who will qualify for increased pay after working more than 40 hours in a week. The proposed rule, first reported by Politico, will raise the threshold for guaranteed overtime pay from a salary of $23,660 to …

SCOTUS overturns EPA rule

The Supreme Court dealt a major blow to the Obama administration by overturning a landmark EPA air pollution rule.

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The U.S. Supreme Court Building in Washington.

The U.S. Supreme Court ruled on Monday that the Obama administration failed to consider costs when deciding to regulate mercury pollution from power plants. (Tweet this) In a 5-4 ruling, the court ruled that the U.S. Environmental Protection Agency must consider costs before deciding whether regulation is appropriate and necessary. Coal stocks, including Consol Energy …

Historic day at the Supreme Court

The Supreme Court gives same-sex couples the right to marry and that could have implications for business.

Charles Platiau | Reuters
The vertical garden (Vegetal Wall) is shown in the courtyard of the Pershing Hall hotel in Paris.

Lawmakers grilled Department of Veterans Affairs leaders this week about a budget shortfall of $2.6 billion to $2.7 billion at the beleaguered agency, and some congressmen have begun to call on the VA to sell assets. (Tweet This) Chairman of the House Committee on Veterans Affairs Jeff Miller, Republican of Florida, said at the agency’s …

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The Supreme Court of the United States ruled on Friday that same-sex couples have the right to marry. (Tweet This) The Court ruled 5-to-4, with Justices John Roberts, Antonin Scalia, Clarence Thomas and Samuel Alito dissenting. All four dissenting Justices wrote their own separate dissents. Justice Anthony Kennedy, thought to be the swing vote on …

Bill Clark | CQ Roll Call | Getty Images
Affordable Care Act supporters hold up signs outside the Supreme Court as they wait for the court's decision on Affordable Care Act on Thursday, June 25, 2015.

The Affordable Care Act just survived a potentially fatal heart attack. In a major decision, the Supreme Court on Thursday ruled 6-3 that the federal subsidies that help nearly 6.4 million people pay for their Affordable Care Act health plans are legal under the Affordable Care Act. The ruling avoids what many analysts predicted would be a …

One-on-one with Pelosi

Nancy Pelosi sat down with John Harwood to discuss the decision to oppose the president on his trade proposal.

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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. …

What’s next for the trade bill

A stunning setback for the President and the push to expand his trade negotiating power, but the fight is far from over.

Export-Import Bank beneficiaries

The Export-Import Bank’s charter expires at the end of the month and that’s a big deal to big business.

Overtime boost coming?

Will millions of Americans become eligible for overtime pay?