cnn

In a move sure to anger Republicans, President Obama is expected on Wednesday to make a recess appointment of Richard Cordray to be the first director of the Consumer Financial Protection Bureau, sidestepping the Senate confirmation process, a senior administration official tells CNN.

The White House will propose a new tax rate for people earning more than $1 million a year to ensure that they pay at least the same percentage of their earnings in taxes as middle-income Americans, administration and White House officials told CNN on Sunday.

The framework of a tentative deal to raise the nation's debt ceiling calls for up to $2.8 trillion in total deficit reduction over the next decade, two sources familiar with the negotiations told CNN late Saturday night.

Top GOP congressional leaders indicated Saturday afternoon they are close to reaching a deal with President Obama to raise the nation's debt limit and avoid what would be an unprecedented national default.

More than 80% of Americans surveyed say the economy is in poor shape, with unemployment still the public's top concern, according to the latest CNN/Opinion Research Corporation survey.

The British tabloid journalist and American reality star will be taking over Larry King's mantle. CNN is hoping that Morgan's more acerbic style will bring back viewers.

While the economy is still reeling from 8.5 million jobs lost in the recession, the outlook for job growth in America is looking up, former White House economic advisor Larry Summers said in an exclusive interview airing on CNN Sunday.

Senate Democrats plan to propose a new legislation this week aimed at cracking down on companies that move jobs offshore, congressional sources tell CNN.

Elizabeth Warren told CNN's John King on Friday that she is eager to begin setting up the nation's first consumer financial protection bureau, but she stopped short of confirming that she will eventually be put in charge of the agency that was her brainchild.

A new national poll released Sunday indicates that eight in 10 Americans say that the economy is in poor shape, and the number that say conditions are very poor is on the upswing after steady declines through the spring.