If lawmakers don't act, the US Postal Service could run out of money "between six months and a year" and there could be a period of time when mail isn't delivered, policy and economics experts said.
A federal appeals court has invalidated President Obama's "recess" appointments to a labor board last year, ruling that the move was unconstitutional and dealing a blow to Obama's strategy of bypassing Senate Republicans.
One whistleblower is adamant about his fear about the use of lithium-ion batteries on the Boeing 787 Dreamliner, saying they could "explode."
With tacit support from President Barack Obama, the GOP-controlled House approved an extension of the debt ceiling Wednesday, heading off an economy-rattling fiscal crisis for at least four months.
CNBC's John Harwood reports House Republicans are going to propose to extend the debt limit until April 15; and Max Richtman, National Committee to Preserve Medicare; and Bill George, Harvard Business School professor, debate whether eligibility for these programs should be raised to age 70.
Gordon Bethune, former Continental Airlines Chairman & CEO, discusses the FAA decision to ground all U.S. Boeing 787 Dreamliners over safety concerns about its batteries.
With children sitting nearby, President Obama proposed a new ban on assault weapons and universal background checks for gun buyers on Wednesday in a sweeping package to curb firearm violence after the killing of 20 first-graders and six adults in a Connecticut school last month.
Americans are growing increasingly worried about federal debt, government dysfunction, and squabbles about the debt ceiling could derail the nation's fragile economic recovery.
Innovative programs across the US are finding some success in reengaging high school dropouts. They strive to target 'disconnected' youths – those not in school and not working, who are a costly burden for taxpayers, the CSM reports.
The House of Representatives on Tuesday approved $50.5 billion in long-delayed federal disaster aid to victims of Superstorm Sandy, but not before Republicans flexed their budget-cutting muscle to strike some spending provisions.
President Barack Obama and Vice President Joe Biden will host children from around the country at a White House event Wednesday to unveil their package of proposals to curb gun violence in the U.S.
With plans for a congressional overhaul on hold, the board of governors for the U.S. Postal Service wants the cash-strapped agency to speed up cost-cutting efforts.
In front of children who wrote letters to him expressing concern about gun violence, President Obama will unveil proposals Wednesday to curb the misuse of firearms.
Northeast lawmakers hoping to push a $50.7 billion Hurricane Sandy aid package through the House face roadblocks by fiscal conservatives seeking offsetting spending cuts to pay for recovery efforts.
CNBC's Eamon Javers reports the IRS is watching extra generous "charitable donations."
The Vatican insisted on Sunday that it had taken adequate measures to combat money laundering and so could not understand why the Bank of Italy had blocked the use of credit and debit cards inside Vatican City, NBC reports
Police said Sunday they have arrested six suspects in another gang rape of a bus passenger in India, four weeks after a brutal attack on a student on a moving bus in the capital outraged Indians and led to calls for tougher rape laws. The CSM reports.
The Treasury secretary nominee is a left-liberal Obama spear-carrier, whose very appointment signals a sharp confrontation with the GOP House, Larry Kudlow says.
The Social Security Administration has taken back a reprimand it gave to an employee who was written up for "passing gas and releasing an unpleasant odor" that created a "hostile work environment."
CNBC's Phil LeBeau reports government officials are standing by the Dreamliner, but shares of Boeing are down nearly three percent since the aircraft was hit by a couple of mishaps in the past week.