This morning, President Obama will announce that he plans to cut back on government spending by merging a number of government agencies. Will Congress agree to fork over the power?

The President's budget director Jack Lew is taking over as chief of staff. He's replacing Bill Daley, who spent just a year on the job. What will this mean for White House relationships with big business?

The National Transportation Safety Board is holding a hearing today about the safety of daredevil events — specifically, events like the air show in Reno, Nevada last September in which a crash killed 11 people and injured 70.

While a temporary deal was reached, come February a whole new debate will be emerge surrounding the payroll tax cut, unemployment benefits, and Medicare payments to doctors.

Decisions over the payroll tax cuts, Bush tax cuts, and a number of equally heated issues are coming up next year, meaning the bickering in Washington, D.C. will probably continue.

We speak to Frank Newport, editor-in-chief at Gallup, about whether Americans want the payroll tax extended, and what the controversy in Washington could do to consumer confidence.

No deal in Congress would mean that the payroll tax would rise by 2 percent, and unemployment benefits would be drastically cut.

If lawmakers in Washington don't agree on a deal soon, Americans could soon feel a 2 percent tax hike come the first of the year

Debate over whether payroll tax cuts are good for the economy, both in the short and long-term, continues to cause friction in Washington as a deadline fast approaches

Last week, the Senate agreed on a two month temporary extension of the payroll tax cuts, but the House of Representatives is yet to get on board. We speak to Congressman John Carter of Texas as to whether it will happen.