The White House is close to nominating Stanley Fischer, the former governor of the Bank of Israel, as vice chair of the Fed, reports said.» Read More
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.
With the White House and the Speaker's Office publicly throwing barbs at each other, Wall Street increasingly believes the federal budget cuts known as the sequester are likely to take effect March 1.
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.
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.
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.
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."
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.
Erskine Bowles and Alan Simpson proposed a new tax plan in hopes of finding a middle ground between Democrats and Republicans on deficit reduction.
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.
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.
About 40 protesters showed up at Facebook CEO Mark Zuckerberg's home where he was hosting a fundraiser for New Jersey Gov. Chris Christi.
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.
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.
President Obama laid out his plan to grow economy in Tuesday's State of the Union address. But at what cost? The National Taxpayers Union Foundation went through the speech in a line by line cost analysis.
The top Republican lawmaker vetting Jack Lew to serve as Treasury secretary zeroed on his work at Citigroup as a possible conflict of interest.
When the Treasury secretary nominee was chief operating officer of Citigroup's Alternative Investments unit, the bank had over a hundred subsidiaries based in the Cayman Islands.
President Obama gave Congress an ultimatum on climate change in his State of the Union speech: Craft a plan to slash greenhouse gas emissions or the White House will go it alone.