Former Ohio Attorney General Picked to Lead Consumer Agency

In picking Richard Cordray, President Obama passed over Elizabeth Warren, who drew strong opposition from Republicans.

Hopes Dwindling for Compromise in Budget Talks

Pessimism spread about the prospects of a debt-limit deal between President Obama and Republicans, prompting the Senate Republican leader to give a “last-choice option.”

Rush to Defend Tax Rule on Inventory and Profits

The White House is seeking to redefine what is owed on goods sold, while lobbyists from companies of all sizes are swarming around Congress to kill the proposal.

Rare White House Ceremony for Medal of Honor

President Obama awarded Sgt.

Obama Grasping Centrist Banner in Debt Impasse

President Obama has been casting himself as a pragmatic centrist as negotiators try to reach a deal on the budget.

Obama Takes Centrist Banner in Impasse Over Deficit

President Obama has been casting himself as a pragmatic centrist as negotiators try to reach a deal on the budget.

News Analysis: For Boehner, Lofty Budget Goals Checked by Reality

Speaker John A. Boehner’s ambitions for a budget deal quickly crashed into a divided, highly partisan Congress.

Obama Leans on G.O.P. for a Deal on Debt Ceiling

President Obama met with Congressional leaders to try to revive chances for a $4 trillion deal to avert a default on the national debt, a day after Speaker John A. Boehner appeared to dash hopes for any far-reaching agreement.

Obama to Seek Biggest Deficit Cut Possible, Geithner Says

Treasury Secretary Timothy F. Geithner’s remarks came after House Speaker John A. Boehner said he would no longer try to reduce the deficit by as much as $4 trillion.

Presidential Candidates Warn About Debt Deal

As Republican leaders negotiate over the federal debt limit, the candidates are campaigning against an outcome that involves compromise.

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