Search results for

Lawmakers return to Washington this week energized by their conventions and turning their attention to energy. House Republicans stayed in town over the break to demand an end to the ban on offshore drilling. Democrats now appear to be more open to compromise.

Mortgage defaults precipitated one of the worst banking crises in memory. Kenneth Rogoff, a professor of economics at Harvard University, says debt was concentrated in a relatively small number of banks, which used very short-term loans to buy debt.

Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke are before the Senate Banking Committee Tuesday to urge senators to act quickly on the $700 billion bailout package. Democrats seem to be unfied over the plan but some Republicans are hostile towards it.

Many voters who say they have not yet made up their minds in the election say the debates will be key in helping them decide between Barack Obama and John McCain. In Indiana, a state that some recent polls indicate may now be in play, a group of undecided voters gathered Friday night to watch the debate.

U.S. Assistant Secretary of State Christopher Hill is headed to Pyongyang to try to prevent a nuclear agreement from unraveling. North Korea has moved to reconstitute its nuclear infrastructure amid complaints from both sides over the deal.

Sen. John McCain has unveiled a package of economic measures that includes cuts in taxes on capital gains. Douglas Holtz-Eakin, senior policy adviser to the McCain campaign, says the plan targets "those who have been hurt most badly by the recent financial market distress: seniors, savers, homeowners and workers."

CNBC has tripled the number of analysts it has on the air each day, and the financial news channel drew the biggest audience in its history last week. But some worry that CNBC and other channels' intense coverage of the markets is helping to drive some of the broad swings in stock values.

The violinist has spent his life stretching the definition of classical musician. Here he describes his introduction to the violin and his collection of instruments.

9 to 5 will be one of several Hollywood imports on Broadway this year. But it has one thing the others won't: a country superstar — who helped make 1980's big-screen comedy a smash — writing the songs.

Each year, thousands of Native Americans travel around the country participating in powwows. The events bring tribes together and keep culture strong. But with gas prices rising and the economy slowing, it's been a struggle to maintain this tradition.