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  • BEIJING/ WASHINGTON, Dec 22- China said on Monday it opposed all forms of cyberattacks but there was no proof that North Korea was responsible for the hacking of Sony Pictures, as the United States has said. North Korea has denied it was to blame and has vowed to hit back against any U.S. retaliation, threatening the White House and the Pentagon. But the United States...

  • BEIJING/ WASHINGTON, Dec 22- China has said it opposes all forms of cyberattacks, but it stopped short of directly condemning the hacking of Sony Pictures, or of responding to U.S. calls for action against North Korea, blamed by Washington for the assault. But the United States has also accused China of cyber spying in the past and a U.S. official has said the attack on...

  • WRAPUP 1-Obama says Sony hack not an act of war Sunday, 21 Dec 2014 | 10:52 AM ET

    President Barack Obama moved to prevent U.S. anger at North Korea from spiraling out of control on Sunday by saying the massive hacking of Sony Pictures was not an act of war but instead was cyber-vandalism. Washington's long-standing dispute with North Korea, which for years has centered on its nuclear weapons program, has entered new territory with the...

  • Senator Carl Levin has introduced a bill seeking to crack down on trading on inside information in physical commodities, the first U.S. legislation limiting Wall Street banks' ability to deal in physical markets from crude oil to aluminum. The bill, sponsored by the Michigan Democrat and co-sponsored with Republican John McCain, is seen as Levin's parting...

  • Something Washington may agree on: NFL blackouts Monday, 15 Dec 2014 | 4:31 PM ET
    The Buffalo Bills take on the Green Bay Packers at home. Last season, former Bills owner Ralph Wilson averted a blackout at the last minute by buying thousands of tickets himself.

    Washington is scrutinizing the "blackout rule" that restricts broadcasts for NFL games that fail to sell out.

  • U.S. Senate Democrats push votes on Obama's nominees Monday, 15 Dec 2014 | 3:58 PM ET

    WASHINGTON, Dec 15- With the clock ticking down on their Senate majority, Democrats pushed on Monday to win approval for some of President Barack Obama's stalled nominations for government posts. The Senate will vote on Murthy, Saldana and three other nominees on Monday and Tuesday as part of Majority Leader Harry Reid's late push to get nominations through the...

  • Congress just slipped this into the spending bill Wednesday, 10 Dec 2014 | 1:14 PM ET
    U.S. Capitol building Washington

    While political focus was on a Senate Intelligence Committee report, Congress snuck in two measures to its must-pass spending bill. NBC News reports.

  • Sen. McCain vows Jones Act will be repealed one day Friday, 5 Dec 2014 | 3:37 PM ET

    WASHINGTON, Dec 5- Senator John McCain said a more than 90- year-old law that requires ships servicing coastal businesses to be built and mostly staffed by U.S. crews will be repealed sooner or later if lawmakers keep fighting the trade restriction. The Department of Homeland Security issued a rare waiver of the act in 2012 when superstorm Sandy led to fuel...

  • When legislation materializes, it would follow a year and half of congressional inactivity in the aftermath of the passage of a sprawling Senate bill backed by Obama but killed by the House. House Homeland Security Committee Chairman Michael McCaul likely will oversee the effort, according to leadership aides. The 2013 Senate bill's pathway to citizenship...

  • WASHINGTON/ NEW YORK, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. In an often heated hearing before the Senate's Permanent Subcommittee on Investigations, Senator...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a powerful U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. The public airing of concerns about banks' ownership of physical commodities and assets from...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday rebutted allegations made by a powerful U.S. Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. JPMorgan Chase& Co and Morgan Stanley, which will also address the panel, have both made major moves to...

  • WASHINGTON, Nov 13- An influential group of U.S. lawmakers, including John McCain, in line to become the head of the Senate's powerful Armed Services Committee, on Thursday pledged to thwart the Pentagon's plans to retire the U.S. fleet of A-10 "Warthog" aircraft. The Pentagon, facing mandatory "sequestration" budget cuts, has sought to eliminate all of the...

  • Hot politician? Depends on your party bias Tuesday, 4 Nov 2014 | 11:32 AM ET
    Mitt Romney and President Barack Obama.

    Voters generally find candidates associated with their political party are more attractive, reports Today Show.

  • WASHINGTON, Oct 6- Former Treasury Secretary Henry "Hank" Paulson told a packed courtroom on Monday that AIG shareholders were singled out for punishment as part of the U.S. government's attempt to contain the contagion of the 2008 financial crisis. "AIG, either fairly or unfairly,... became a symbol for all that is bad on Wall Street," Paulson said as he testified about...

  • John McCain: Crimea referendum is a facade   Sunday, 16 Mar 2014 | 6:30 PM ET
    John McCain: Crimea referendum is a facade

    Calling Sunday's referendum a 'facade and a joke', U.S. Senator John McCain says the next long term goal for the U.S. is to help Ukraine regain Crimea. CNBC's Steve Sedgwick reports.

  • Big or small, spending-cut efforts hit roadblocks Monday, 3 Mar 2014 | 6:44 AM ET

    Americans and their elected officials continue to resist cuts to almost any specific program, big or small.

  • Senate to send massive farm bill to Obama Tuesday, 4 Feb 2014 | 6:59 AM ET

    Congress is poised to send a massive, five-year farm bill that provides food for the needy and subsidies for the nation's farmers to the White House.

  • John McCain calls out congressional pork on Twitter Thursday, 16 Jan 2014 | 5:47 PM ET
    Sen. John McCain, R-Ariz., answers questions as he arrives for a meeting of Senate Republicans on a solution for the pending budget and debt limit impasse at the U.S. Capitol October 16, 2013.

    Sen. John McCain is well known as an opponent of wasteful spending, and on Thursday he decided to have a little fun at the expense of his colleagues.

  • Using eminent domain to help some avoid foreclosure Sunday, 12 Jan 2014 | 9:16 AM ET
    An abandoned home and car are seen on September 5, 2013 in Detroit, Michigan. Detroit is struggling with over 78,000 abandoned homes across 140 square miles and 16% unemployment; in July, the city declared bankruptcy.

    The mayor of Richmond, Calif., is pushing a novel use of eminent domain to prevent foreclosures. Financial firms are very, very unhappy.