The IRS is about to pay $70 million in employee bonuses, despite an Obama administration directive to cancel discretionary bonuses because of spending cuts.» Read More
Federal spending cuts scheduled to begin next week would slow economic growth in the next year, though not nearly as much as going over the fiscal cliff might have, economists say. The New York Times reports.
A U.S futures-market regulator said it will block Jon Corzine, the former chief executive of failed broker MF Global, from the industry unless he clears an investigation into his fitness as a participant.
The White House is taking a cue from Silicon Valley and adopting what Mark Zuckerberg calls the "hacker way."
CNBC's Mary Thompson reports tonight's latest headlines, including 15 Republican senators are sending a letter to President Obama asking him to pull Chuck Hagel's nomination for defense secretary.
The public is only dimly aware of automatic budget cuts set for next week despite weeks of dire warnings from Washington, according to a poll.
Massive government budget cuts set to go into effect March 1 would be, "deeply destructive" to all aspects of the housing market, US Secretary of Housing and Urban Development Shaun Donovan told a Senate panel last week. Here's why.
President Obama painted a picture of immediate devastation from spending cuts set to take effect March 1, but other officials anticipate more gradual reductions, the New York Times.
Evidence of cyberstealing linked to the Chinese government is prompting the Obama administration to develop more aggressive responses to the theft of U.S. government data and corporate trade secrets.
The bipartisan leaders of a presidential deficit reduction commission, dismayed by the failure of the White House and Congress to reach a deal saving $4-trillion over 10 years, upped the ante by pressing for an even larger "grand bargain."
President Barack Obama is calling on Republicans to back a Democrat plan that would offset the sequester, warning that otherwise "people will lose their jobs."
Erskine Bowles and Alan Simpson proposed a new tax plan in hopes of finding a middle ground between Democrats and Republicans on deficit reduction.
CNBC's John Harwood weighs in on whether President Obama made his case to avoid automatic spending cuts; and outlines the new Simpson/ Bowles plan to fix the deficit.
President Obama delivers remarks urging Congress into action to avoid the automatic budget cuts scheduled to kick in by next Friday.
President Barack Obama will make a fresh push to force Republicans to make concessions that will head off budget cuts that appear to kick in starting on March 1.
A draft of a White House immigration proposal obtained by USA TODAY would allow illegal immigrants to become legal permanent residents within eight years.
About 40 protesters showed up at Facebook CEO Mark Zuckerberg's home where he was hosting a fundraiser for New Jersey Gov. Chris Christi.
House conservatives want to extend to a full three years the current freeze on cost-of-living pay increases for the nation's 2 million civilian federal workers.
The U.S dollar is shrinking as a percentage of the world's currency supply, raising concerns that it is about to see its run as the world's premier denomination come to an end.
The top Republican lawmaker vetting Jack Lew to serve as Treasury secretary zeroed on his work at Citigroup as a possible conflict of interest.
New Secretary of State John Kerry owns about $3 million worth of Heinz stock, and stands to profit heavily from the company's acquisition by Berkshire-Hathaway and 3G.