SHANGHAI, May 30- The yuan weakened to hover around its end-January lows on Monday, after the central bank fixed the softest midpoint against the dollar since 2011 as expectations of a U.S. interest rate hike grow. Federal Reserve Chair Janet Yellen said on Friday a rate increase in the coming months "would be appropriate," if the economy and labor market continued... » Read More
If no "fiscal cliff" deal is reached, Americans could feel pain as taxes rise, unemployment benefits are cut and smaller changes take effect.
CNBC's Rick Santelli talks to Bill Frezza, Competitive Enterprise Institute, about the problem with entitlement programs.
Facing a GOP revolt, House Speaker John Boehner abruptly canceled a vote Thursday night on a plan to raise taxes for the wealthy, bringing the country closer to a plunge down the "fiscal cliff."
CNBC's John Harwood discusses the president's sense of urgency on gun control, and bridging the "fiscal cliff" gap.
Robert Bork, a symbol of the U.S. conservative legal movement and a failed nominee for the U.S. Supreme Court, died on Wednesday.
Obama's offer to slow the growth of Social Security benefits would force fellow Democrats to abandon promises to shield the program from cuts as part of the fiscal cliff negotiations.
Susan Rice withdrew her name from consideration as U.S. secretary of state Thursday in the face a difficult Senate confirmation battle.
Only 15 states have told the federal government they plan to operate health insurance exchanges under President Obama's reform law.
New labor laws in Michigan are not only a major shift for the state, they could ripple across the country.
Larry Kudlow reports the latest details on a deadly shooting outside a mall near Portland, Oregon. And, Chris Edwards, CATO Institute, reveals the results of his recent tax policy study which shows thousands of new government employees are overpaid and work less compared to the private sector.
Bill Frezza, Competitive Enterprise Institute fellow, explains how the rise in single family households will eventually impact entitlement programs such as Social Security and Medicare.
The House Financial Services Committee urged transparency during the Volker Rule rulemaking process — or the right for Congress to amend or repeal the outcome.
CNBC's Rick Santelli discusses the changing landscape in the real estate market as well as the need for reform, with Anthony Sanders, George Mason University professor.
Former Federal Reserve Chairman Paul Volcker told CNBC his namesake rule has already changed how Wall Street does business.
Sen. Harry Reid said Tuesday that "fiscal cliff" talks have made little progress, sending stocks down, while Senate Republican Mitch McConnell ripped into President Obama for taking his argument on the road.
Emboldened by gains in Congress, Democrats appear less willing to compromise in “fiscal cliff" talks on cuts to entitlement programs like Medicare and Social Security, The New York Times reports.
Europe is preparing to follow the United States in delaying the introduction of stricter rules on bank capital, while it lobbies for a rethink of the U.S. stance, EU sources said.
The impasse in Congress over the “fiscal cliff” could be the Grinch that steals Christmas if it isn’t resolved soon.
With Congress returning from Thanksgiving, here’s the good news for those looking to avoid the “fiscal cliff”: Members of both parties do agree on one LARGE point — taxes for the wealthy should go up.
"The Pledge"and its creator, anti-tax crusader lobbyist Grover Norquist, have never faced a test as they do now. Some GOP pledge signers say they want out, The New York Times reports.