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
The former U.S. intelligence contractor who says he gave classified documents to a newspaper should be prosecuted, Sen. John Thune tells CNBC.
After two days of talks, President Obama and President Xi Jinping of China moved closer on North Korea, but remaining sharply divided over cyberespionage, the New York Times reports.
A former technical assistant for the CIA was the source of disclosures about the government's collection of Internet and telephone data, says the NY Times, citing the Guardian.
A misfired email from an IRS worker in Cincinnati three years ago alerted IRS officials in Washington to the extra scrutiny given to conservative groups, according to what the worker told congressional investigators.
Facing a July deadline, the Senate is considering competing versions of legislation that would keep interest rates low for some college students—at least for now.
A top IRS official acknowledges that it was "embarrassing" how much the agency spent on training videos, including a "Star Trek" spoof.
Obama's cyberhacking talks with China can have only a "limited" impact, former ambassador Jon Huntsman tells CNBC.
IRS officials can expect a grilling when they face lawmakers over the latest controversy to rock the agency: lavish spending at employee conferences.
Days after a report blasted the agency for wasteful spending, the Internal Revenue Service has put two staffers on leave for taking gifts at a taxpayer-funded conference.
A slice of the money market fund industry would be required to change how they price their shares in an effort to reduce the risk of runs, under a proposal unveiled Wednesday.
The FHA may have tried to hide the magnitude of potential losses in an future economic emergency, lawmakers say.
In a major shakeup, Susan Rice, who came under GOP fire for her initial accounting of the deadly attack on a U.S. compound in Libya, will become national security advisor.
Amid growing domestic tensions and internal imbalances, China's new leaders are working to wean its economy off decades of state investment.
The Treasury Department says it will begin another round of sales of the General Motors stock it acquired during the government's bailout of the auto industry.
A springtime of political turmoil has had only a modest impact so far on the president's standing, according to a new NBC News-Wall Street Journal poll.
The Fed can't fear that the market will be unhappy if it doesn't get more "monetary cocaine," the Dallas Fed president said.
Conservative groups delivered an emotional plea for Washington to rein in government overreach.
A vast majority of Republicans and conservatives support immigration reform if the law solves the problem of illegal immigration, Republican Sen. Marco Rubio told CNBC on Tuesday.
Three years after it was signed into law—and with only about 20 percent of its rules in place—critics and even supporters of Dodd-Frank say it's flawed and convoluted.
U.S. Sen. Frank Lautenberg, a multimillionaire New Jersey businessman and liberal who was called out of retirement for a second tour of duty in Congress, has died at age 89.