Former U.S. House Speaker Dennis Hastert is in trouble for alleged hush money withdrawals and lying to the FBI, reports CNBC's Eamon Javers.» Read More
George Osborne has urged euro zone leaders to “get a grip” on the sovereign debt crisis at their summit today, warning that failure to do so could unleash an economic crisis as serious as the recession that followed the banking crash of 2008.
We are witnessing a classic restructuring negotiation. The Administration and Congress are negotiating a plan to restructure the federal government. The dynamics of the debt ceiling restructuring negotiations resemble corporate restructuring negotiations.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Investors seem hopeful that something will actually come of this latest euro zone confab. But be careful what you wish for.
Four Plans and four probable outcomes from DC.
Bulls are running in Europe and kiwis are lifting off - time for your FX Fix.
Defying a veto threat, the Republican-controlled House voted Tuesday night to slice federal spending by $6 trillion and require a constitutional balanced budget amendment to be sent to the states in exchange for averting a threatened Aug. 2 government default.
Presidential campaigns are marathons, but time is running short for former Minnesota Gov. Tim Pawlenty. Once viewed as the principal rival to GOP front-runner Mitt Romney, Pawlenty has struggled with lackluster donations, weak poll ratings, a sub-par debate performance and new home-grown competition from Tea Party favorite Michele Bachmann.
Wynn Resorts CEO Stephen Wynn used his company's conference call to lay into the Obama administration, calling it the "greatest wet blanket to business and progress and job creation in my lifetime."
Two weeks before their final deadline, President Barack Obama and top lawmakers will face more pressure Tuesday for a debt deal amid a growing sense that a last-ditch plan taking shape in Congress may be the only way to avoid a devastating U.S. default.
As uncertain and unruly and disheveled as the debt-ceiling debate may be, there are still good grounds to reach a deal.
The Administration and many Republicans say they want big cuts - a “grand bargain” of up to $4 trillion. The Administration wants the cuts to be coupled with taxes. The Republicans will not vote in favor of raising the debt ceiling if taxes are included. And, this is the ideological divide. Will either side blink?
Plans for European countries to get out of debt, with Neel Kashkari, Pimco managing director.
US banks should be allowed to take a hit from risky investments if the free market is to be preserved, Sean Corrigan, chief investment strategist at Diapason Commodities Management, told CNBC Monday.
Equity markets are in the grips of a tug of war — between solid company fundamentals and macroeconomic uncertainty.
The European bank stress tests were reassuring - if you trust the results. Here's how to trade the real news.
A U.S. default isn't a matter of "if" but "when," David Murrin, chief investment officer at Emergent Asset Management, told CNBC.
Bernanke is open to a third round of easing if needed - but these strategists are bullish on the dollar anyway.
Sen. Mitch McConnell's "clever" proposal to give President Barack Obama sole authority to raise the debt ceiling could break the impasse in Congress, Evercore Partners Chairman Roger Altman said Thursday.
My view is that the threat of the downgrade puts additional pressure on both sides to make an agreement.