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Barack Obama

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  • 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.

  • Sen Hoeven: Obama needs to go to the border     Thursday, 10 Jul 2014 | 7:37 AM ET

    Sen. John Hoeven, (R-N.D.), shares his thoughts on President Obama's trip to Texas and weighs in on increasing border security.

  • 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.

  • Report: Chinese hackers hit US personnel networks Thursday, 10 Jul 2014 | 4:45 AM ET

    WASHINGTON— Chinese hackers broke into the computer networks of the Office of Personnel Management earlier this year with the intention of accessing the files of tens of thousands of federal employees who had applied for top-secret security clearances, according to The New York Times.

  • 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.

  • BEIJING, July 9- China and the United States need to manage their differences, the leaders of both countries said on Wednesday at the start of annual talks expected to focus on cyber-security, maritime disputes, the Chinese currency and an investment treaty.

  • China, US differ on global plan to cut emissions Wednesday, 9 Jul 2014 | 3:16 AM ET

    BEIJING— China and the United States took small steps toward their shared goal of fighting climate change on Wednesday, but the world's No. 1 and No. 2 carbon emitters remain significantly apart over a wider global plan to cut emissions.

  • Improper payments by federal government top $100B Wednesday, 9 Jul 2014 | 3:03 AM ET

    WASHINGTON— By its own estimate, the government made about $100 billion in payments last year to people who may not have been entitled to receive them— tax credits to families that didn't qualify, unemployment benefits to people who had jobs and medical payments for treatments that might not have been necessary.

  • BEIJING, July 9- China and the United States need to manage their differences, the leaders of both countries said on Wednesday at the start of annual talks expected to focus on cyber-security, maritime disputes, the Chinese currency and an investment treaty.

  • Obama torn by faith groups vs gay work rules Wednesday, 9 Jul 2014 | 12:00 AM ET

    Obama is being pressed by religious groups demanding exclusion from an executive order to bar discrimination against gays by federal contractors. The NYT reports.

  • Obama says U.S. committed to cooperating with China Tuesday, 8 Jul 2014 | 10:35 PM ET

    President Barack Obama said the United States is committed to building a "new model" of relations with China that is defined by cooperation and the constructive management of differences.