Government Agencies


  • Federal Reserve can reasonably wait to raise interest rates until mid-2015 without risking an undesirable rise in inflation, an influential Fed policymaker said on Tuesday.

  • SAN JUAN, June 24- New York Federal Reserve Bank President William Dudley warned Puerto Rico about its growing debt load and questioned if the island can sustain its high level of borrowing in remarks delivered to an accounting group on Tuesday.

  • June 24- Used-car retailer CarMax Inc's advertisements promising its vehicles undergo quality checks are deceptive as it does not fix cars recalled by automakers before reselling them, 11 consumer groups said in a petition to the U.S. Federal Trade Commission, the New York Times reported.

  • Never heard of the Ex-Im Bank? Here's why you will Tuesday, 24 Jun 2014 | 2:34 PM ET

    The Export Import Bank is in the headlines this week, partly due to a debate over the government's role in singling out companies for loans.

  • WASHINGTON, June 24- A GlaxoSmithKline Plc plant in Canada that makes the flu vaccine Flulaval has been cited by the U.S. Food and Drug Administration for failing to meet quality control standards.

  • WASHINGTON, June 24- The U.S. Food and Drug Administration has warned GlaxoSmithKline Plc that one of its plants in Canada violated quality control standards during the manufacture of its influenza vaccine Flulaval.

  • *Sterling weaker after Bank of England comments. NEW YORK, June 24- The U.S. dollar edged higher on Tuesday after stronger-than-expected U.S. housing and consumer confidence data increased expectations of a more hawkish tone from the Federal Reserve.

  • June 24- The U.S. Food and Drug Administration said an unit of GlaxoSmithKline Plc violated quality requirements during the manufacture of influenza vaccine Flulaval. In a warning letter, the FDA said the company had failed to take appropriate steps to prevent microbiological contamination of drugs, among other violations.

  • WASHINGTON, June 24- The U.S. economy is approaching the Fed's economic targets faster than expected and might push the central bank to accelerate plans to increase interest rates, Philadelphia Federal Reserve Bank President Charles Plosser said on Tuesday.

  • DIARY - Top Economic Events to July 7 Monday, 23 Jun 2014 | 8:01 PM ET

    NEW YORK- Federal Reserve Bank of Philadelphia President Charles Plosser speaks on the economic outlook and monetary policy before the Economic Club of New York- 1205 GMT.

  • US health panel asks CDC to explain anthrax case Monday, 23 Jun 2014 | 6:02 PM ET
    Center for Disease Control Biotechnology Core Facility in Atlanta, Georgia, in June.

    A U.S. Senate panel asked the Centers for Disease Control and Prevention to explain the breach that exposed many to live anthrax, a deadly pathogen.

  • Turmoil at the VA: New allegations against agency Monday, 23 Jun 2014 | 2:04 PM ET
    Exterior view of the Veterans Affairs Medical Center on May 8, 2014 in Phoenix, Arizona.

    A government agency is claiming that the VA's own investigation of itself holds contradictions, CNBC has learned.

  • June 23- AstraZeneca Plc's experimental ovarian cancer drug, olaparib, showed an 83 percent reduction in the risk of disease progression, but a U.S. Food and Drug Administration staff review has questioned whether the result could be reproduced.

  • Military considers shopping perk for most veterans Monday, 23 Jun 2014 | 6:52 AM ET
    Korean War veteran Bill Bakley, and Vietnam War veterans Norman Tjelmeland and Stanley Twedt  snap pictures at the World War II Memorial.

    The U.S. is looking into allowing all of its veterans who served honorably to shop online at exchanges that sell discounted, name-brand goods.

  • Drone test flights starting in Texas -FAA Friday, 20 Jun 2014 | 1:36 PM ET

    WASHINGTON, June 20- The fourth of six U.S. test sites chosen to perform research on unmanned aircraft systems, or drones, has started operations in Texas to study weather patterns, among other things, the U.S. Federal Aviation Administration said on Friday.

  • FDA asks for wider warning on testosterone products Friday, 20 Jun 2014 | 8:31 AM ET

    The FDA said that while testosterone products already carry a warning about the risk of clots related to a condition that sometimes occurs with testosterone treatment, the latest reports of clots were unrelated to that condition, called polycythemia.

  • NEW YORK, June 20- Federal Reserve chief Janet Yellen signaled that rational exuberance is just fine.

  • NEW YORK, June 19- The S&P 500 ended at another record high on Thursday, extending gains for a fifth day on investors' optimism that the Federal Reserve will keep interest rates low for a long period of time.

  • NEW YORK, June 19- The U.S. dollar fell on Thursday a day after the Federal Reserve signaled it will stick with near-zero interest rate policy to support the world's biggest economy, disappointing traders who had bet on hints of policy tightening.

  • FOREX-Dollar sags on dovish Fed, Norwegian crown stumbles Thursday, 19 Jun 2014 | 10:43 AM ET

    *Sterling rises to highest vs dollar since Oct 2008. NEW YORK, June 19- The U.S. dollar fell on Thursday a day after the Federal Reserve signaled it will stick with near-zero interest rate policy to support the world's biggest economy, disappointing traders who had bet on hints of policy tightening.