CHICAGO, Dec 6- A top Federal Reserve official, who has been one of the most ardent supporters of the U.S. central bank's bond-buying stimulus program, said he was open to curtailing the purchases this month, although he would prefer to wait.» Read More
Offering no explanation, the Iowa Republican Party has declared Rick Santorum as winner of the Iowa caucuses, days after saying incomplete vote results precluded it from doing just that.
WNBC's Jonathan Dienst reports the National Highway Traffic Safety Administration has closed its two month investigation of the Chey Volt, saying there is no reason to believe the car poses a fire risk, and Wal-Mart promoted Rosalind Brewer as president and CEO of its Sam's Club Warehouse chain. Brewer is the first female and African-American to run one of Wal-Mart's three business divisions.
The final weeks of 2011 were the economy's strongest since it appeared to be slipping toward recession in late spring, according to the Federal Reserve's latest snapshot of the economy.
Mitt Romney won broad support from conservatives and moderates and was widely viewed as Republicans' best hope of defeating President Barack Obama in this fall's elections, preliminary exit polls of voters in Tuesday's New Hampshire primary showed.
Message to my fellow conservatives: Please don’t blame the mainstream media for the improvement in jobs, unemployment, and economic growth. Reporters are not making this up. The economy is better. It’s going to give President Obama a leg up on the election. GOP beware, and come to your senses.
CNBC's Eamon Javers has the details on a big change in the way the SEC will handle government settlements of companies accused of wrongdoing.
Richard Cordray, Consumer Financial Protection Bureau director says he's not distracted by legal questions of his appointment and discusses the hot issues facing him, including the bureau's plans to zero in on mortgage companies.
The IRS audited one in eight millionaires who filed taxes last year while only auditing 1 in 100 individuals earning less than $200,000 in an effort to "assure that there's equity in the system."
Former Massachusetts governor Mitt Romney won the Iowa Republican presidential caucuses by a mere eight votes over former U.S. senator Rick Santorum, a party official said on Wednesday.
The stock market’s rebound from the financial crisis three years ago has created a potential windfall for hundreds of executives who were granted unusually large packages of stock options shortly after the market collapsed. The New York Times reports.
In a discussion on whether the Federal Reserve's "Operation Twist" has been a success, CNBC's Rick Santelli says the 2012 election is especially important because President Obama "isn't really a president, he's the head of the Democratic party." Santelli also has some criticism for Speaker of the House John Boehner.
The differences between the House and Senate are not huge, says Rep. Eric Cantor, (R-VA). "The Republicans in the House are standing for the working people," he adds.
Rules aimed at preventing airline pilots from flying while dangerously fatigued were issued Wednesday by the FAA, a move safety advocates have been urging for more than two decades.
CNBC's Phil LeBeau reports on the ripple effect the NTSB's recommended ban is having on the auto industry, which has been building more and more technology into new cars.
The Federal government's lease auction for offshore drilling in the Gulf of Mexico is a big money maker for Uncle Sam, and oil and gas companies. CNBC's Eamon Javers reports on the auction action from the Superdome in New Orleans.
CNBC's Hampton Pearson reports the Interior Department will begin selling leases to tracts of the Gulf of Mexico, with CNBC's Eamon Javers. Also, the NTSB recommends a total ban on cell phones while driving; and CME chairman Terry Duffy testifies Jon Corzine did know customer funds were being used at MF Global.
Reacting to a deadly text-related accident, the National Transportation Board recommended all states ban driver use of cell phones, a move which would exceed all existing state laws on the subject.
NBC's Tom Costello has details on the NTSB recommendation that states ban all electronic devices, including cell phones, from automobiles except in the case of emergencies.
It's been six weeks since the bankruptcy and former MF Global CEO Jon Corzine still contends he doesn't know where nearly $1.2 billion is. Sen. Debbie Stabenow (D-MI) says the Senate will focus on getting the money back and hold anyone found guilty of wrongdoing accountable. She adds that oversight rules are already in place to prevent a similar situation from happening again.
CNBC has confirmed that the SEC will sue the Securities Investor Protection Corporation in an attempt to force SIPC to cover investors in Allen Stanford's alleged $7 billion Ponzi scheme.