WASHINGTON— Congress' dysfunction isn't limited to the struggle to keep a Cabinet department running without interruption. The to-do list includes forestalling a 21 percent cut in Medicare payments to physicians, preventing a cutoff of highway and transit dollars in the middle of peak construction season this summer and renewing critical parts of the...» Read More
With the nation's deficit continuing to balloon, the knife is out to slash budgets. One of the items on the chopping block is the defense budget.
The Egyptian stock market will likely tumble another 10 percent before investors put some cash in and try to stage a rally, after which the benchmark index could regain a third of its losses, according to historical trends, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
Cut backs in defense spending have been hanging over the sector for about year and now. Wall Street waits to see when the axe will fall. But that doesn't mean that investors should be sitting on their laurels waiting for it to happen.
New York City police say a suspicious letter sent to a midtown Manhattan bank turned out to be a greeting card from a headhunting firm.
Defense contractor ITT says it will split itself into three publicly traded companies, separating its defense and information business, its water technology unit and its industrial products business.
Topping the list of budget cuts announced by Defense Secretary Robert Gates is a more than $10 billion Marine Corps amphibious project known as the Expeditionary Fighting Vehicle, manufactured by General Dynamics.
Chemical giant Transammonia is ending all ties with Iran following a CNBC investigation into its business dealings there.
More than 36 percent of the tuition payments made in the first year of the program—a total of $640 million in tuition and fees—went to for-profit colleges, like the University of Phoenix, according to data compiled by the Department of Veterans Affairs, even though these colleges serve only about 9 percent of the overall population at higher education institutions nationwide, the New York Times reports.
North Korea fired artillery shells at a South Korean island, killing two soldiers and two civilians, in one of the heaviest attacks on its neighbor since the Korean War ended in 1953.
Stocks finished the session sharply higher Wednesday ahead of the Thanksgiving holiday, following a handful of reports that offered some hope that the U.S. economy was improving.
Stocks were trading sharply higher Wednesday following a handful of reports that offered some hope that the U.S. economy was improving.
Stocks added to gains Wednesday after a handful of economic reports pointed to an improving economy.
Stocks were poised to open higher Wednesday after reports on the labor market and consumer spending pointed to an improving economy and as investors shifted their focus away from tensions between the two Koreas and European debt worries.
The United States Marine Corps want to spend billions of dollars on a new amphibious landing craft, budget cutters in Washington say that’s simply too much money for a vehicle that Marines may never ride into battle.
This Veteran's Day, one company started by a "serial entrepreneur" provides a uniquely modern way to say "thank you". Products for Good sells "liberated Iraqi coins" which people buy for veterans in their lives.
According to the SBA, one in seven veterans are self-employed or small business owners and about one quarter of veterans say they are interested in starting and buying their own businesses. The percentage is even higher among women veterans, noted the SBA.
Voters were intensely worried about the future of the economy, a tide of dismay that rolled through groups that can swing elections—women, independents, suburbanites—and turned more of them toward Republicans.
Here's a look at the congressional seats, governorships, state legislatures and some of the ballot measures that will be on ballots around the country on Nov. 2.
As voters are headed to the polls on this Election Day, which sectors should investors buy or sell? Kelly Campbell, founder, principal and CEO of Campbell Wealth Management, shared his best plays, sector by sector.
For candidates to deliver on their promises to cut government spending and reduce the budget deficit, they will have to make potentially painful cuts. If given a limited choice, where would you wield the axe? Take our poll and tell us your opinion.