*Gold snaps 3- day losing streak, but still below $1,200. SINGAPORE, May 4- Gold edged up on Monday after three days of losses, but the metal wasn't too far from a six-week low as investors continued to speculate on when the Federal Reserve might raise U.S. interest rates. "Gold has proven one time too many that it prefers to stick to $1,200 amid large fluctuations and I am...» Read More
Postmaster General Patrick Donahoe, holds a press conference to address the agency's decision to halt Saturday mail delivery in August, in an effort to save money. CNBC's Hampton Pearson, reports.
The U.S. Postal Service said it plans to stop delivering mail on Saturdays, but continue delivering packages six days a week.
The "Squawk Box" news team reports, in a cost-cutting measure, the United States Postal Service has announced it will stop delivering mail on Saturday.
White House officials say President Obama will ask Congress to come up with tens of billions of dollars in short-term spending cuts and tax revenue to put off the automatic budget cuts that are scheduled to kick in March 1.
Heather Hurlburt, Executive Director, National Security Network talks about the Obama administration's foreign policy shift as Hagel's Defense Secretary confirmation faces even more hurdles.
President Obama called on Congress to make good on plans to overhaul the immigration system and offer a path to citizenship for millions of illegal immigrants. He said that if Congress is unable to act quickly, he will propose legislation and demand lawmakers vote on it.
If lawmakers don't act, the US Postal Service could run out of money "between six months and a year" and there could be a period of time when mail isn't delivered, policy and economics experts said.
A federal appeals court has invalidated President Obama's "recess" appointments to a labor board last year, ruling that the move was unconstitutional and dealing a blow to Obama's strategy of bypassing Senate Republicans.
One whistleblower is adamant about his fear about the use of lithium-ion batteries on the Boeing 787 Dreamliner, saying they could "explode."
With tacit support from President Barack Obama, the GOP-controlled House approved an extension of the debt ceiling Wednesday, heading off an economy-rattling fiscal crisis for at least four months.
CNBC's John Harwood reports House Republicans are going to propose to extend the debt limit until April 15; and Max Richtman, National Committee to Preserve Medicare; and Bill George, Harvard Business School professor, debate whether eligibility for these programs should be raised to age 70.
Gordon Bethune, former Continental Airlines Chairman & CEO, discusses the FAA decision to ground all U.S. Boeing 787 Dreamliners over safety concerns about its batteries.
With children sitting nearby, President Obama proposed a new ban on assault weapons and universal background checks for gun buyers on Wednesday in a sweeping package to curb firearm violence after the killing of 20 first-graders and six adults in a Connecticut school last month.
Americans are growing increasingly worried about federal debt, government dysfunction, and squabbles about the debt ceiling could derail the nation's fragile economic recovery.
Innovative programs across the US are finding some success in reengaging high school dropouts. They strive to target 'disconnected' youths – those not in school and not working, who are a costly burden for taxpayers, the CSM reports.
The House of Representatives on Tuesday approved $50.5 billion in long-delayed federal disaster aid to victims of Superstorm Sandy, but not before Republicans flexed their budget-cutting muscle to strike some spending provisions.
President Barack Obama and Vice President Joe Biden will host children from around the country at a White House event Wednesday to unveil their package of proposals to curb gun violence in the U.S.
With plans for a congressional overhaul on hold, the board of governors for the U.S. Postal Service wants the cash-strapped agency to speed up cost-cutting efforts.
In front of children who wrote letters to him expressing concern about gun violence, President Obama will unveil proposals Wednesday to curb the misuse of firearms.
Northeast lawmakers hoping to push a $50.7 billion Hurricane Sandy aid package through the House face roadblocks by fiscal conservatives seeking offsetting spending cuts to pay for recovery efforts.