CONGRESS

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New Congress Deficit Panel Sets First Meeting

A newly-formed congressional panel on deficit reduction next week will kick off months of arduous negotiations that will be closely watched by financial markets hoping for a deal that puts the United States on an improved fiscal path.

August Jobs Report: Pressure on Obama Mounts

U.S. President Barack Obama
Amid a dismal August jobs report Friday that showed a net zero jobs were created in the U.S. last month, fueling concerns that the nation is heading for another recession, pressure mounts on President Barack Obama ahead of his major jobs speech before Congress on Sept. 8.

Obama to Address Congress on September 8

U.S. President Barack Obama delivers a statement at the White House
President Barack Obama on Wednesday agreed to unveil new jobs proposals in an address to Congress on September 8, bowing to pressure from Republicans, who objected to the original date set for his high-profile speech.
U.S. President Barack Obama

Obama: Could add 1 Million New Jobs

President Barack Obama said on Tuesday there were a range of policy options available that could create up to a million new U.S. jobs, in remarks ahead of a major economic speech that he will deliver next week.
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Groupon shares mobile location plans with Congress

Groupon Inc disclosed some details of its plan to offer location-based offers through mobile phones when the largest daily deal company responded on Thursday to Congressional questions about its privacy policies.
India Against Corruption

Anna Hazare 'Arrests' Govt; India Demands Reforms

The arrest of 74-year-old Anna Hazare and the crackdown on the peaceful protest against the tooth-less anti-corruption bill by the Indian government might boomerang against the already troubled government.
For Discussion: U.S. Job Market

Can the U.S. Congress do Anything to Create Jobs?

Some would have you believe the U.S. Congress can't do much to create jobs: not true. If Congress says "build us an aircraft carrier," a short time later, an aircraft carrier will appear. Likewise for roads, bridges, schools, hospitals, and the electric grid -- all of which in the U.S. need work and would create jobs.
At Issue: U.S. and Global Stock Markets

U.S. Stock Market: Dow?s Wild Ride May Continue, on Societe Generale Woes

After a week of wild gyrations that saw the Dow Jones Industrial Average rise or fall 400 points on four consecutive days, there?s word that a major bank in France with a funny-sounding name may be in trouble. Further, if you think a possible problem at France's Societe Generale won?t affect the value of the U.S. stocks you own, think again.
At Issue: U.S. Deficit Reduction

U.S. Debt Deal: With Super Committee Seats Filled, Hard Work Begins

House Minority Leader Nancy Pelosi, D-Calif., rounded out the super committee by announcing her three House Democratic members for the special bipartisan board. Now the tough work begins: reducing the deficit by at least another $1.5 trillion over 10 years, and as far as the financial markets are concerned, the sooner the reduction is announced, the better.
U.S. President Barack Obama

Obama vows new ideas to boost jobs, slams Congress

President Barack Obama distanced himself from a deeply divided U.S. Congress on Thursday, pledging to deliver fresh ideas to create jobs and slamming lawmakers for "bickering" that gets in the way of recovery.
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Congress reaches deal to end FAA shutdown

Congressional leaders struck a deal on Thursday to resolve a partisan dispute and end a partial shutdown of the Federal Aviation Administration that has halted airport projects and threatened thousands of jobs.
For Discussion: U.S. Economy

Disapproval of U.S. Congress Hits Record High: Poll

A record 82 percent of Americans say that they disapprove of the way Congress is doing its job, compared with 14 percent who approve, according to a New York Times/CBS News public opinion poll published on Thursday.
A demonstrator holds placards to protest U.S. debt in front of the Capitol in Washington July 18, 2011. REUTERS/Kevin Lamarque

Disapproval of Congress hits new high: poll

Disapproval of Congress rose to an all-time high after weeks of rancorous partisan battles over raising the U.S. debt ceiling took the country to the brink of default, according a New York Times/CBS News public opinion poll published on Thursday.
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Congress reaches deal to end aviation standoff

Congressional leaders struck a deal on Thursday to resolve a partisan dispute and end a partial shutdown of the Federal Aviation Administration that has halted airport projects and threatened thousands of jobs.

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