CNBC's Eamon Javers reports the proposed Amazon drone operation could face serious regulatory challenges from the FAA.» Read More
Federal and state lawmakers are looking at ways to stem the growing ranks of homeowners who are unable to meet their mortgage payments.
A new report from Congress' Joint Economic Committee finds every foreclosure in America costs combined stakeholders $80,000, and with 1.8 million adjustable rate mortgages scheduled to reset this year, the foreclosure rate will only rise.
Bill Archer, a former Republican congressman from Texas and now a member of the American Council for Capital Formation, told CNBC’s “Morning Call” that increasing supply –- not price controls – is the only way to ease consumer pain at the pump.
The House Judiciary Committee has served a subpoena to Attorney General Alberto Gonzales seeking documents related to the firings of U.S. attorneys.
John Goodman, president of the National Center for Policy analysis, told CNBC’s “Morning Call” that Health Savings Accounts are growing faster than IRAs at the “same point of their evolution.”
In a 215-page decision, a three-member WTO compliance panel sided with the twin Caribbean island nation of Antigua and Barbuda, which has argued that Internet gambling is a lucrative source of revenue and provides an income for hundreds of islanders.
A senior staffer for the Federal Reserve said the Fed is not seeing signs that problems in the subprime mortgage market are spreading to other other market segments.
Laurence Meyer, co-founder of Macroeconomic Advisers and a former Federal Reserve governor, told CNBC’s “Squawk Box” that the Fed won't change interest rates at today's meeting.“The (Federal Reserve’s) outlook paragraph talked about firming growth last time and it has to talk about on-going slow growth now,” Meyer said Wednesday. “But then you transition to the forward-looking part of that paragraph and talk about expectations of a moderate pace ahead. With respect to inflation, they talked about inflation moderating last time. The data since that meeting have not been as comforting and they have to be a little bit more cautionary about inflation now. So, lower growth, a little bit more cautionary about inflation and that sets up the policy paragraph which absolutely will be unchanged.”
Thomas Donohue, chief executive officer of the U.S. Chamber of Commerce, told CNBC’s “Squawk Box” that a recession is unlikely this year.He said consumer spending is up, the housing market appears to have bottomed out and exports are growing.“I think we’re going to (have economic growth) between 2% and 2.5%,” Donohue said Wednesday. “I don’t think we’ll hit a recession. I think the Fed will be helpful.”
"Wal-Mart made a wise choice," FDIC Chairman Sheila Bair said in a statement. "This decision will remove the controversy surrounding their intentions."
Rep. Jeff Flake, R-Ariz., told CNBC’s “Street Signs” that expanding the H1B visa program is necessary to assure the nation’s competitiveness and future economic health.
An Ohio representative is planning to release information on Thursday that suggests Wal-Mart Stores' ambitions into consumer banking may extend beyond what the retail giant had previously disclosed, The New York Times reported.
Confronted with congressional concerns about global warming, the leaders of the U.S. auto industry are highlighting their work to develop alternative vehicles and asserting that the burdens of climate change cannot fall to one industry alone.
Wall Street money managers told a House committee that hedge funds should disclose more to their bankers and improve their risk management but not be subject to mandatory registration, CNBC’s Melissa Lee reported from Capitol Hill.
In an exclusive interview on CNBC, SEC Commissioner Paul Atkins said that the SEC should focus on mutual funds and insider trading--not hedge funds.
Major changes to Daylight Saving Time this year will mean more than resetting clocks in your house.
A bill that would give shareholders the right to cast non-binding votes on executive pay sparked sharp comments Thursday at a subcommittee hearing in Washington.
Congress is considering a bill that would give shareholders the right to cast non-binding votes on executive pay and "golden parachutes" if the enterprise is sold. Opponents say the measure, HR 1257, would force CEOs to devote more time to meeting with advocacy groups and less time on planning and product development. Supporters say that unless pay is tied to performance, executives have incentive to cook the books.
Sen. Charles Grassley filed the legislation as an amendment to a Homeland Security bill now being debated by the Senate.