May 25- The U.S. Food and Drug Administration deferred its decision on Sarepta Therapeutics Inc's muscle-wasting disorder drug, a month after a federal advisory panel determined the treatment had not been proven effective. The company's shares were up 20 percent at $22.30 in premarket trading. Sarepta said the FDA had notified the company that it will not be... » Read More
Florida Sen. Marco Rubio sought to put a softer face on Republicans' small-government agenda, accusing President Barack Obama of spreading blame for his own administration's shortcomings.
Approximately 47 million Americans who rely on food stamps could see their monthly assistance cut because a recession-era benefits boost is set to expire. A family of four could see their benefits cut by about $25 a month, NBC News reports.
Rep. Jeb Hensarling, (R-TX), provides a preview on the House hearing on the Federal Housing Administration, and weighs in on what he hopes to hear from President Obama in his annual State of the Union address.
A new report by a non-profit government watchdog group says former SEC employees, hired away from the Commission by the private sector, "routinely" help their new employers to influence the agency and blunt SEC enforcement actions.
Whether "sequestration" happens or not, money will likely keep flowing into stocks, say analysts.
The U.S. Justice Department and multiple states are discussing also suing Moody's for defrauding investors, according to people familiar with the matter.
U.S. agencies cleared Boeing to restart test flights of its grounded 787 Dreamliner in order to get more data on potentially faulty batteries, but they also demanded a closer look at how the batteries were approved.
Nominated to head the CIA, John Brennan told a protest-disrupted Senate confirmation hearing Thursday the United States employs drone strikes only as a deterrent against imminent terrorist threats, not as punishment for previous attacks.
The NTSB gives its second update on the investigation into the January 7th fire on a Boeing 787 Dreamliner. And, CNBC's Phil LeBeau weighs in on the dual tracking of the FAA on the investigation. Also, Mary Schiavo, provides her perspective on who is in the cross hairs of the NTSB investigation, how long it will take to give Boeing "the green light" to resume flights.
The NTSB gives its second update on the investigation into the January 7th fire on a Boeing 787 Dreamliner.
CNBC's Phil LeBeau reports the FAA has granted a waiver for a 787 Dreamliner to take a ferry flight back to the Boeing plant in Everett, Washington.
People still want their Saturday mail -- perhaps because they feel like they've lost another vital service during tough economic times.
Republicans on the Senate Armed Services Committee proposed a seven-month delay in looming automatic spending cuts that would be paid for by shrinking the federal workforce.
"This is just one step in a plan to resolve our finances," Postmaster General Patrick Donahoe said in an interview on CNBC.
CNBC's Hampton Pearson has the latest details on the agency's decision to halt delivery on Saturdays. And, Rep. Darrell Issa, (R-CA), weighs in with his thoughts on the restructuring plans and whether the postal service should be private.
Patrick Donahoe, Postmaster General & CEO, explains why the agency is stopping Saturday mail delivery in an effort to cut costs, and why doubling the postal rate is not the answer.
Postmaster General Patrick Donahoe, holds a press conference to address the agency's decision to halt Saturday mail delivery in August, in an effort to save money. CNBC's Hampton Pearson, reports.
The U.S. Postal Service said it plans to stop delivering mail on Saturdays, but continue delivering packages six days a week.
The "Squawk Box" news team reports, in a cost-cutting measure, the United States Postal Service has announced it will stop delivering mail on Saturday.
White House officials say President Obama will ask Congress to come up with tens of billions of dollars in short-term spending cuts and tax revenue to put off the automatic budget cuts that are scheduled to kick in March 1.