President Obama has suffered serious political damage from the troubled first year of his second term, according to a new poll.» Read More
Bipartisan congressional negotiators unveiled a long-awaited budget framework to fund the government past mid-January.
The U.S. Commodity Futures Trading Commission on Tuesday adopted the Volcker rule, which bans proprietary trading by banks.
Regulators seem to have done a decent job drawing lines between prop trading and market making.
Majority Leader Harry Reid says the Senate will not extend current farm law if Congress can't agree on a new farm bill before adjourning next week.
Home Depot founder Ken Langone pressed House Minority Whip Steny Hoyer during a heated debate Tuesday on CNBC over Washington's bitter politics.
Whether the current iteration of Volcker will discourage risky bank trading activities—or survive legal challenges—will take years to become clear.
Federal regulators are poised to approve the so-called Volcker Rule, a keystone financial regulation since the Depression. The NYT reports.
The Volcker Rule could have unforeseen consequences, but it's needed to protect the economy, the outgoing CFTC commissioner told CNBC before his vote.
Here's why SEC commissioner Michael Piwowar plans to vote against the Volcker Rule.
Several of the Fed's own financial tests for reducing its asset purchases look to have been met as it heads into the Dec. 17th meeting.
A budget deal aimed at avoiding a U.S. government shutdown on Jan. 15 could emerge in Congress on Tuesday, aides said on Monday.
The US government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far worse.
Dallas Federal Reserve Bank President Richard Fisher has said it is time the Fed begins tapering its asset buying plan and set a date for ending QE3.
According to a research study, most people are OK with virtual visits to doctors and using sensors to track their health.
At Nelson Mandela's memorial, leaders of most of the world have gathered, presenting the biggest security event in recent memory. NBC News reports.
The manufacturer of assault-style rifles, used in the mass shooting at Sandy Hook last year, says sales rose as much as 36 percent.
State tax revenues rose 9 percent in the second quarter from a year before, according to the latest State Revenue Report.
U.S. Representative Alan Grayson, a Florida Democrat, lost about $18 million in a loan scheme.
If talks continue to progress, Congress seems likely to make a 2014 budget deal before adjourning for the year, lifting fears of another shutdown.
American and British spies have infiltrated the fantasy worlds of World of Warcraft and Second Life, the New York Times reports.