If talks continue to progress, Congress seems likely to make a 2014 budget deal before adjourning for the year, lifting fears of another shutdown.» Read More
Detroit must dig itself out of the hole it created and cannot wait to see if the federal government will come to its rescue, the city's emergency manager said on Sunday.
The outcome of the Detroit bankruptcy filing promises to inflict more pain on already-beleaguered city workers, residents, businesses, creditors, and investors.
In his first national interview, Detroit’s Emergency Manager Kevyn Orr said he could not wait any longer to attempt to solve the city’s long-term debt problems.
President Barack Obama highlighted cost savings delivered by his health-care reform law, arguing that extra dollars in middle-class pockets trumps Republican opponents.
Ben Bernanke says the Fed's efforts to boost the U.S. economy remain tied to the job market's health and inflation, delivering what could be his final semiannual economic report to Congress.
The postmaster general has renewed his plea for lawmakers to allow the Postal Service to switch to a five-day delivery schedule and to implement other overhauls.
There's a "growing sense of commonality" among the White House, union leaders, and Republicans that the health-care law is not ready, House Majority Leader Eric Cantor told CNBC.
The Republican-led House of Representatives on Wednesday approved legislation to delay key coverage requirements on President Obama's healthcare reform law.
A bipartisan group of senators reached a deal that would offer students better rates this fall but perhaps assign higher rates in coming years.
Federal Reserve Chairman Ben Bernanke said the central bank anticipates beginning tapering bond purchases later this year but that policy will remain accommodative and could change depending on the incoming economic data.
Treasury Secretary Jack Lew praised the Dodd-Frank banking reform, saying it resolved the too-big-to-fail problem and ensured the future stability of the American financial system.
Laws that allow a person who believes he is in danger to use deadly force in self-defense need to be reassessed, Attorney General Eric Holder said Tuesday.
The NSA has disclosed that its telephone and internet data collection is far greater than previously known. The Financial Times reports.
The Senate confirmed Richard Cordray to head the consumer bureau, an Obama nomination that had been stalled for two years.
The Senate votes to move toward confirmation of Richard Cordray as director of the Consumer Financial Protection Bureau, ending a months-long standoff.
The Senate is on a collision course as Democratic leaders press a plan to change filibuster rules to stop Republicans from blocking White House nominees for top executive jobs.
Yahoo has won a court fight that could help the public learn more about the government's efforts to obtain data from Internet users.
Less than 90 days before Obamacare's government-run health exchanges are due to open up shop, Web insurers are still being locked out—a lag that could depress enrollment and jack up insurance rates.
With the Senate thinking the unthinkable—a "nuclear option" on filibusters—you may have to consider politics before your next investment.
The Treasury secretary has managed to stay mostly in the background during his first few months in office. That may be about to change as a new debt ceiling battle heats up.