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  • DC has target on Wall Streeters: Evercore CEO Friday, 30 Jan 2015 | 11:40 AM ET
    Ralph Schlosstein, Evercore Partners

    The case of Antonio Weiss shows that Congress will not confirm successful candidates from Wall Street, Evercore CEO Ralph Schlosstein told CNBC.

  • If you picked "d," you're in the proper spirit for federal Budget Day, which appropriately falls on Groundhog Day this year. That's especially true this year, with Obama delivering his multi-trillion-dollar wish list to a Senate and House run by the opposition. The Constitution gives Congress power to decide how to spend taxpayers' money.

  • Court upholds deceptive ad claims against POM Friday, 30 Jan 2015 | 11:13 AM ET

    In a 3-0 decision, the U.S. Court of Appeals for the District of Columbia Circuit upheld a conclusion reached earlier by the Federal Trade Commission that many of POM's ads made misleading or false claims. "We see no basis for setting aside the commission's conclusion that many of POM's ads made misleading or false claims about POM products," wrote appeals judge...

  • WASHINGTON— A Justice Department inspector general report is disputing allegations by former CBS News correspondent Sharyl Attkisson that the federal government secretly monitored her personal computer. Attkisson, who has said her personal computer and work laptops were remotely accessed due to her reporting on topics including the Fast and Furious...

  • WASHINGTON— U.S. consumers are more confident than they've been since January 2004. The University of Michigan said Friday that its index of consumer sentiment rose to 98.1 in January from 93.6 last month. "Without sufficient wage gains, consumers will be forced to demand large price discounts to complete their purchases," said Richard Curtin, chief economist...

  • WASHINGTON, Jan 30- U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006.. Gross domestic product expanded at a 2.6 percent annual pace after the third quarter's spectacular 5 percent rate, the Commerce Department said in its first fourth-quarter...

  • VIENNA, Jan 30- The United States looks set to succeed in watering down a proposal for tougher legal standards aimed at boosting global nuclear safety, according to senior diplomats. Diplomatic wrangling will come to a head at a 77- nation meeting in Vienna next month that threatens to expose divisions over required safety standards and the cost of meeting them,...

  • WASHINGTON— Wages and benefits rose at a slightly healthier rate last year, a sign strong job gains could be forcing companies to pay a bit more for workers. The Labor Department said Friday that the employment cost index, which measures pay and benefits, rose 2.2 percent in 2014, up from 2 percent the previous year. "While still quite tame, wages have picked up a...

  • WASHINGTON— The U.S. economy slowed in the final three months of 2014, but a burst in consumer spending and the prospect of continued low energy prices are bolstering confidence that growth will strengthen this year. On Friday, the University of Michigan reported that its index of sentiment showed that U.S. consumers are more confident than they have been since...

  • Ahead of the Bell: US Economy-GDP Friday, 30 Jan 2015 | 6:42 AM ET

    WASHINGTON— The Commerce Department issues its first of three estimates of how fast the U.S. economy grew in the October-December quarter. The report will be released at 8:30 a.m. EST Friday. Last week, the International Monetary Fund cut its outlook for global growth over the next two years, warning that weakness in most major economies will trump lower oil...

  • WASHINGTON— Holding out the promise of major medical breakthroughs, President Barack Obama on Friday called on Congress to approve spending in medical research that tailors treatment to an individual's genes. Some medical centers, such as the Mayo Clinic, have opened "individualized medicine clinics." Francis Collins, director of the National Institutes of...

  • WASHINGTON, Jan 30- The United States has proposed analyzing genetic information from more than 1 million American volunteers as part of a new initiative to understand human disease and develop medicines targeted to an individual's genetic make-up. Of that, $130 million would go to the NIH to fund the research cohort and $70 million to NIH's National Cancer...

  • SANTA URSULA, Mexico— People in the hamlet of Santa Ursula began to worry when the logging started. In Santa Ursula, some 1.5 miles away, the ground shook and cracks formed in homes, some residents say. "For us, the arroyo is life," said Federico Cohetero, a farmer in Santa Ursula, a hamlet in Oaxaca state six hours southeast of Mexico City.

  • It was numbered 00-000-001— the first Social Security payout. Today, even as its future lies in financial uncertainty, many consider Social Security one of government's biggest successes. "It wasn't that I expected anything, mind you, but I knew I'd been paying for something called Social Security and I wanted to ask the people in Rutland about it," she's quoted as...

  • China's new tech rules play to local firms' strengths Thursday, 29 Jan 2015 | 11:59 PM ET

    BEIJING/ SAN FRANCISCO, Jan 30- Draft Chinese government regulation would force technology vendors to meet stringent security tests before they can sell to China's banks, an acceleration of efforts to curb the country's reliance on foreign technology that has drawn a sharp response from U.S. business groups. Western companies say the rules have not yet been...

  • Administration to seek $1 billion for tribal schools Thursday, 29 Jan 2015 | 5:16 PM ET

    WASHINGTON— The Obama administration says it will ask Congress for $1 billion next year to run schools for Native American children— including millions in new money to help fix crumbling buildings. The request— $150 million more than in this year's budget— sets aside $58 million in new funding for school construction and $18 million in new funding for repairs.

  • PHILADELPHIA, Jan 29- Senior Democrats in the House of Representatives said on Thursday they would insist President Barack Obama provide hard evidence that proposed free trade deals will boost median U.S. incomes, laying out tough terms to support his trade agenda. Virginia's Gerry Connolly, a leader of the pro-trade New Democrats, sees no more than 50...

  • *Greece drops resistance, says "not a Russian puppet". BRUSSELS/ KIEV, Jan 29- European Union foreign ministers extended existing sanctions against Russia on Thursday, holding off on tighter economic measures for now but winning the support of the new left-leaning government of Greece, whose position had been in doubt. Germany said that decision would depend on...

  • Figures on government spending and debt Thursday, 29 Jan 2015 | 4:09 PM ET

    WASHINGTON— Figures on government spending and debt.

  • FTC settles case against 'revenge porn' site operator Thursday, 29 Jan 2015 | 3:44 PM ET

    WASHINGTON— A Colorado man accused of operating a "revenge porn" website has settled with federal regulators who said he broke the law by posting nude pictures of women without their consent or knowledge. The FTC says Craig Brittain of Colorado Springs, Colo., ran the website isanybodydown.com, which is no longer operational. The FTC says Brittain advertised a...