But the minutes, released Wednesday, also showed that most members agreed more data was needed to move up the schedule of rate hikes.» Read More
President Barack Obama called the sequester reckless and said his 2014 budget proposal a "fiscally responsible blueprint for middle class jobs and our economy."
President Obama sent Congress a $3.8 trillion spending blueprint on Wednesday that strives to achieve a "grand bargain" to tame runaway deficits, raising taxes on the wealthy and trimming popular benefit programs.
Even as images of the Sandy Hook Elementary School shootings are fresh in America's conscious, a pro-gun group is sponsoring a promotion to give away a gun each day in April.
"Nothing shrinks deficits faster than a growing economy," said President Obama delivering remarks on the details contained in his $3.8 trillion budget proposal sent to Congress.
Wall Street regulations crafted after the financial crisis were written quickly during turbulent times and need to be changed, the head of the U.S. Chamber of Commerce told CNBC.
The Federal Reserve released the minutes of its latest Federal Open Markets Committee Meeting earlier than planned Wednesday, a day after the transcripts were inadvertently sent out to a select few.
Federal Reserve policy makers worried about increased risks due to the central bank's aggressive monetary stimulus, though most view those dangers as "manageable" for now.
The Senate Banking Committee is set to hold a hearing on Thursday to examine whether regulators inappropriately "outsource" oversight to consultants that are paid billions of dollars by the banks. The NY Times reports.
President Barack Obama on Wednesday will issue ideas to raise $580 billion in new tax revenues, including a minimum tax on the wealthy and putting an end to some corporate tax breaks.
The U.S. Senate will cast its first vote this week on President Obama's proposals to curb gun violence, which face a rough ride in Congress due to opposition from Republicans and gun rights activists.
Claims that reform would boost the economy are challenged by those who say costs in job losses and spending on social programs would be too high a price.
What does President Obama have to do to find balance between what Republicans and Democrats want in the Federal budget? David Walker CEO of Comeback America Initiative, weighs in.
St. Louis Federal Reserve Bank President James Bullard told CNBC that he's be willing to reduce the central bank's massive bond-buying program in "small increments."
President Barack Obama's budget plan would change how increases in Social Security benefits are calculated. Experts say that could be devastating to recipients who need cost-of-living adjustments to survive.
A look at some of the greatest moments of Margaret Thatcher's time as UK prime minister.
U.S. President Barack Obama will offer cuts to Social Security and other entitlement programs in a budget proposal aimed at swaying Republicans to compromise on a deficit-reduction deal, a senior administration official said.
New data from the IRS shows that tax filers with taxable incomes of $1 million or more were audited nearly 12 times more often than the population as a whole.
Atlanta Fed President Dennis Lockhart told CNBC more solid economic data coupled with a "substantial improvement" in jobs are needed before the central bank would consider tightening policy.
Rhetoric is heating up: North Korea's army warned that it has been cleared to wage an attack on the US, while the US said it will deploy a missile defense system to Guam.
President Obama will return 5 percent of his salary each month to the Treasury in a show of solidarity with federal workers smarting from government-wide spending cuts, the White House said Wednesday.
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