The IRS official at the center of a tax scandal about extra scrutiny of conservative groups asserted her constitutional right not to answer questions.» Read More
The IRS official at the center of a tax scandal about extra scrutiny of conservative groups asserted her constitutional right not to answer questions.
Fed Chair Ben Bernanke told Congress the U.S. job market remains weak, and it is too soon to end its stimulus. Stocks spiked on his comments.
As the Federal Reserve mulls reducing asset purchases, the improved labor market is spurring debate between Fed "hawks" and "doves" over what the right policy decision should be.
Lois Lerner, the IRS official at the center of the political targeting scandal plans to assert her constitutional right not to answer questions from a congressional committee.
The Fed Chairman is expected to maintain his dovish tone when he speaks to Congress Wednesday and dispel notions the Fed is ready to cut back its easing policy.
President Obama promised to make available all necessary government resources to Oklahoma to help in the rescue and recovery effort in the aftermath of a devastating tornado.
Apple's CEO is disputing assertions that the company evades billions of dollars in U.S. taxes by shifting profits to foreign affiliates.
Top Internal Revenue Service officials told Congress on Tuesday they were unaware of the agency's targeting of conservative groups for extra tax scrutiny until recently.
The economy's ability to weather lower government spending and higher taxes will be key to the Fed's decision on monetary accommodation, a Fed official said on Tuesday.
St. Louis Fed President James Bullard, at a talk in Germany, defends the Fed's massive asset purchase program and recommends that the ECB adopt a similar stimulus policy.
Republicans target Health and Human Services Secretary Kathleen Sebelius for her soliciting of funds on behalf of a non-profit group, called Enroll America, from two private entities.
The White House said its counsel was told on April 24 about the preliminary findings of an IRS audit that showed IRS employees targeting conservative groups for extra scrutiny.
The chances of a deal between Democratic and Republican lawmakers that would overhaul the U.S. tax system, trim government spending and reform safety net spending programs appear to be fading.
Hackers working for China's army appear to have resumed their attacks on U.S. companies. The NYT reports.
The Federal Reserve should not go from "wild turkey" monetary policy to "cold turkey" overnight, Dallas Fed President Richard Fisher told CNBC on Monday.
Congressional Republicans accused leaders of the IRS of lying as they opened the first in a series of hearings about the agency's targeting of conservative groups.
CNBC's Eamon Javers discusses what was a tough day for Steven Miller, who was ousted from his post at the IRS this week.
The Obama administration on Friday said it was ready to free up about $260 billion so the nation could continue paying its bills as a temporary debt ceiling suspension lapses.
President Obama on Thursday named White House budget official Daniel Werfel the new acting IRS commissioner.
House Ways and Means Committee Chairman Dave Camp tells CNBC ahead of his panel's IRS scandal hearing that he wants to know who "hatched" the plan to target conservative groups.