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Barack Obama

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  • Obama taps controversial nominee for labor board Friday, 11 Jul 2014 | 7:16 AM ET

    WASHINGTON— President Barack Obama is once again nominating lawyer Sharon Block to serve on the National Labor Relations Board, a move that could anger congressional Republicans. The Supreme Court ruled last month that the appointments were invalid.

  • Senate confirms housing chief to run budget office Friday, 11 Jul 2014 | 7:01 AM ET

    WASHINGTON— The Senate on Thursday confirmed President Barack Obama's housing chief as the new director of the White House budget office, completing a second-term Cabinet shuffle. Jeff Sessions of Alabama, who said Donovan was unqualified and hadn't proved he understood fiscal and budgetary issues.

  • Ahead of the Bell: US budget deficit Friday, 11 Jul 2014 | 6:29 AM ET

    WASHINGTON— The Treasury Department will report on the government's budget deficit for June. SURPLUS EXPECTED: Through the first eight months of the budget year, which began Oct. 1, the government has recorded a deficit of $436.4 billion.

  • For the larger companies, the initiative ensures that their own suppliers are robust and "demonstrates a recognition that a healthy supply chain is good for business," the White House said in a statement.

  • Obama asking companies to pay suppliers faster Friday, 11 Jul 2014 | 6:00 AM ET

    WASHINGTON— Dozens of companies, including Apple, Honda and Coca-Cola, have agreed to pay their suppliers more quickly in a bid to boost small businesses, the White House announced Friday.

  • Afghan aid is dropping, but how fast is too fast? Thursday, 10 Jul 2014 | 3:21 PM ET

    WASHINGTON— Civilian assistance to Afghanistan was always slated to shrink with America's military footprint, but U.S. aid officials were caught off-guard when Congress, upset by testy relations with Afghan President Hamid Karzai, slashed civilian aid by 50 percent this year.

  • Mass. reports progress in fixing health website Thursday, 10 Jul 2014 | 3:05 PM ET

    BOSTON— Software ordered by Massachusetts to fix its hobbled health care exchange passed initial tests, renewing hopes that the state could finally have a fully operational website by year's end, officials said Thursday.

  • WASHINGTON, July 10- The U.S. Senate confirmed former Secretary of Housing and Urban Development Shaun Donovan on Thursday to take over as President Barack Obama's budget director. Donovan takes the helm of the White House Office of Management and Budget from Sylvia Mathews Burwell, who is now serving as secretary of health and human services.

  • WASHINGTON, July 10- The Obama administration said on Thursday that it "strongly opposes" a Republican measure pending in the U.S. Congress that would permanently extend a business tax break dealing with deductions on depreciation of certain investments. If approved there, it would go next to the Democrat-controlled Senate, where it was not expected to advance.

  • WASHINGTON, July 10- A surge of Republican pressure is bringing the Federal Reserve's long-held independence into question again, as conservative lawmakers seek to place the U.S. central bank under tougher scrutiny.

  • Standoff at the Mexican border     Thursday, 10 Jul 2014 | 6:13 AM ET
    Detainees are escorted as hundreds of mostly Central American children are being held at a U.S. Customs and Border Protection center in Nogales, Ariz., on June 18, 2014.

    CNBC's John Harwood reports on President Obama's trip to Texas on Wednesday and the latest details on the political gridlock over immigration reform.

  • Fed's independence questioned by Republicans again Thursday, 10 Jul 2014 | 5:49 AM ET
    The Federal Reserve building.

    A surge of Republican pressure is bringing the Fed's long-held independence into question again.

  • With Democrats controlling the Senate since the 2008 financial crisis, the bank and its supporters have had the luxury of shrugging off Fed-related laws from the Republican-controlled House of Representatives.

  • Pres. Obama under pressure in Texas     Wednesday, 9 Jul 2014 | 4:47 PM ET

    CNBC's John Harwood reports how President Obama is handling immigration issues while in Texas.

  • WASHINGTON, July 9- The U.S. Senate on Wednesday confirmed Julian Castro to lead the Department of Housing and Urban Development, placing the San Antonio, Texas mayor at the top of the agency in charge of housing during a sluggish recovery in the sector.

  • Top Senate Democrat blocks votes on gun proposals Wednesday, 9 Jul 2014 | 2:42 PM ET

    The Nevada Democrat used Senate procedures to prevent votes on any amendments to a bipartisan measure expanding hunters' access to public lands and renewing land conservation programs.

  • Ranchers taking advantage of USDA disaster program Wednesday, 9 Jul 2014 | 2:05 PM ET

    WASHINGTON— Farmers and ranchers who suffered heavy livestock and grazing losses over the last three years due to extreme weather have been quick to take advantage of newly available disaster relief funds, the U.S. Department of Agriculture said Wednesday.

  • Obama presses Congress to consent on border money Wednesday, 9 Jul 2014 | 10:03 AM ET

    WASHINGTON— Tens of thousands of children streaming from chaotic Central American nations to the U.S. border have overwhelmed the government's ability to respond, senior administration officials said Wednesday as President Barack Obama urged Congress to move swiftly to approve emergency spending request for the crisis.

  • Katrina moment? Obama to skip border while in Texas Wednesday, 9 Jul 2014 | 9:02 AM ET
    Detainees are escorted as hundreds of mostly Central American children are being held at a U.S. Customs and Border Protection center in Nogales, Ariz., on June 18, 2014.

    President Obama is resisting calls to visit the border during his two-day fundraising trip to Texas.

  • *Gaza rockets hit deeper inside Israel. GAZA/ JERUSALEM, July 9- Israeli air strikes shook Gaza every few minutes on Wednesday, and militants kept up rocket fire at Israel's heartland in intensifying warfare that Palestinian officials said has killed at least 37 people in the Hamas- dominated enclave.