SINGAPORE, Dec 12- Brent futures edged towards $109 a barrel on Thursday as a looming U.S. budget deal backed expectations the Federal Reserve may act soon to unwind a stimulus programme that has supported oil prices. Expectations are creating a weaker sentiment for oil and other commodities, "said Chee Tat Tan, investment analyst at Phillip Futures in Singapore.» Read More
The IRS' woes grow with report of that the agency spent $50 million for conferences, including for hotel rooms that normally cost up to $3,500 per night, from 2010 to 2012.
Lawmakers are facing a critical juncture on immigration legislation and two Obama administration controversies. The New York Times reports.
The fiscal picture for states is brightening, but mounting Medicaid costs and underfunded pensions cloud the long-term outlook.
A battle between French luxury-handbag makers went public with regulators seeking the maximum fine for the Louis Vuitton owner for failing to disclose moves to build a stake in Hermes.
The government reports that Medicare's hospital trust fund will be exhausted in 2026 and that Social Security will exhaust its trust fund in 2033.
Unlike the media depiction of gays as mostly white and wealthy, LGBT Americans are more likely to be poor than heterosexuals.
Even as the economy keeps chugging along, headwinds from federal budget cuts are expected to blow harder later this year.
Smithfield Foods and Shuanghui International have voluntarily submitted their merger agreement to the Committee on Foreign Investments in the U.S., reports CNBC's Eamon Javers.
One of five Liberty head nickels mistakenly struck at the U.S. Mint in Philadelphia in 1913 eventually sold at auction for more than $3 million.
President Obama loses a game of "Touchdown Fever" with Gov. Chris Christie as they tour a rebuilt part of the Jersey shore seven months after Hurricane Sandy washed ashore.
In a sign of Wall Street’s resurgent influence, bank lobbyists are aiding lawmakers in preparing legislation that softens regulations of the financial industry.
Tesla described itself as the only American car company to have fully repaid government loans, but Chrysler called that statement "unmistakably incorrect."
The Feds have granted a 90-day moratorium on foreclosures of homes with FHA mortgages in areas devastated by the Oklahoma tornado.
Workers demanding a minimum wage increase have staged walkouts across the country, saying they can't survive on the money they make. Can they get anything done?
Despite huge cutbacks in government spending, some high level federal executives are scheduled to get millions of dollars in bonuses, unless a law is passed.
Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards.
The Federal Reserve could begin easing up on the monetary gas pedal this summer and end its bond buys late this year, a top Fed official said Thursday, citing "good news" on jobs.
Congress wants answers on why the IRS targeted conservative groups, two senior politicians tell CNBC.
President Obama said that he did not know about the IRS Inspector General's report on the agency's targeting of conservative groups for extra scrutiny before it was leaked.
Rep. Charles Boustany tells CNBC he's confident Congress will follow the "paper trail" to hold to account those responsible for the IRS' targeting of conservative nonprofit groups.