The Philly Fed president is the latest central banker to suggest that weakness in the labor market is only temporary.» Read More
U.S. banks have given a proposal to regulators on how to pay for restructuring in the event of a future crisis, the Wall Street Journal reported.
Edward Snowden was seeking asylum in Ecuador on Sunday after Hong Kong allowed his departure for Russia in a slap to Washington's efforts to extradite him on espionage charges.
The House speaker urged the president to push Democrats to back a move to switch student loan interest rates to a market-based system before they double.
Experts say a novel legal argument in a murder case could encourage other lawyers to fight for access to the newly disclosed NSA surveillance database. NBCNews.com reports.
Immigration legislation offering citizenship to millions is swiftly gaining ground following a bipartisan agreement on dramatic steps aimed at securing the border with Mexico.
The House rejected a five-year farm bill Thursday that would have cut $2 billion annually from food stamps and let states impose broad requirements on those receiving them.
Speaker John Boehner blames the markets selloff on the Fed, but in a CNBC interview he declines to say whether he thinks Ben Bernanke should remain at the helm once his term ends.
Lurching toward a possible bankruptcy filing, Detroit has become distraught at talk of selling municipal treasures, such as a classic car collection, to help pay off debts.
The Supreme Court ruled that an arbitration agreement prevents merchants from bringing class action claims against American Express.
Key senators say they are closing in on a bipartisan compromise to spend tens of billions of dollars to stiffen the immigration bill's border security requirements.
The Fed will keep its version of the monetary printing press running a while longer, though Chairman Ben Bernanke provided hints Wednesday that the days of extreme easing are coming to a close.
His term expires January. People are saying Obama fired him earlier this week. Bernanke won't talk about it.
Small business owners are already curtailing hiring because of concerns over the cost of Obamacare, a recent survey found.
The IRS is about to pay $70 million in employee bonuses, despite an Obama administration directive to cancel discretionary bonuses because of spending cuts.
Adam Posen, president of the Peterson Institute for International Economics, highlights that while Janet Yellen is a strong candidate to succeed Bernanke, there are a number of other people who could do the job.
President Obama "essentially fired" Fed Chairman Ben Bernanke this week, former Fed Governor Laurence Meyer says.
They've made it less loopy.
The US government's surveillance of telephone and Internet communications foiled plots including one to bomb the New York Stock Exchange, the FBI said on Tuesday.
Federal Reserve Chairman Ben Bernanke may step down when his second term expires on Jan. 31. Here is a quick look at the likely leading choices.
After eight years of "people beating the crap out of him," Fed Chairman Ben Bernanke "deserves a break," former Fed Governor Frederic Mishkin tells CNBC.
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