NEW YORK— A report from the Census Bureau is the latest evidence that the rich are getting richer while the poor get poorer. But the bottom 20 percent owed more than they had and were worse off in 2011 than they were in 2000. In 2011, the median net worth of the poorest Americans was negative $6,029, compared with negative $905 a decade before.» Read More
Mad Money's Cramer discusses how the government plans to unwind its TARP assets, and whether there is value in shares of AIG.
Someone is looking for a big move in Cigna. The health insurer’s last earnings report missed estimates, but the company did raise full-year guidance. An even bigger catalyst is expected in June, when the U.S. Supreme Court will rule on the constitutionality of national health care.
Rep. Loretta Sanchez, (D-CA) and Rep. John Mica, (R-FL), discuss whether it is time to shut down the Transportation Security Administration.
A major new rule that has drawn the ire of Wall Street is on track for completion sooner than some bankers had expected, dashing the hopes of financial industry lobbyists, who have pressed for a delay. The NYT reports.
More than 100 people are charged in what authorities say is the largest one-day takedown ever for Medicare fraud.
CNBC's Bertha Coombs reports a regional EPA official resigned after his "crucify" comment; One World Trade Center is now the tallest building in New York City; and Groupon has two new board members.
The growth of health spending has slowed substantially in the last few years, surprising experts and offering some fuel for optimism about the federal government’s long-term fiscal health. The New York Times reports.
Bob Bazell, NBC News reports on the first case of mad cow disease to surface in the U.S. in six years. The USDA is assuring consumers there is no danger of meat from the California dairy cow entering the food chain.
Will the government's plan to reduce mortgage principal for struggling homeowners increase liabilities for taxpayers and raise the cost of credit? CNBC's Rick Santelli and Sen. Bob Corker (R-TN) discuss.
While the commercialization of nuclear fusion takes baby steps into its fourth decade, the next-generation of fission plants could be supplying power within a few years.
Debating whether there is a leadership breakdown at the White House, with David Freddoso, The Washington Examiner; Keith Boykin, former Clinton White House aide; and Kevin Williamson, National Review.
CNBC's Jon Fortt reports strong business spending gave Microsoft's earnings a boost, and housing in Phoenix is starting to find buyers, with CNBC's Diana Olick. Also, the NY Daily News identifies the woman who started the Secret Service hooker scandal.
Several states with dispensaries have seen an increase in both arrests and the confiscation of marijuana plants. However, a look at DEA records shows what appears to be an uneven enforcement policy among pot-friendly states over the past several years.
So what argument should advocates employ? That the government has no business interfering in private activities except to prevent harm to others
There’s growing federal momentum to undercut medical marijuana laws in states including Montana and California. Those laws are suffering more pushback under President Obama than President Bush. What now for medical marijuana patients?
Not only was Oregon the first state to decriminalize pot in 1973, years before its glamorous neighbor to the south, but its medical marijuana program has operated with few glitches since it began in 1998. Now, it's an issue in a top statewide election race.
CNBC's Scott Cohn reports on a growing tax scam where $100M dollars' worth of debit cards issued by online tax services for refunds, land in the hands of crooks.
CNBC's Eamon Javers reports the IRS Whistleblower program is running up against a brick wall.
Debating whether the U.S. is turning into a country of "people sitting on a couch, waiting for their next government check", with Herman Cain, former presidential candidate and Willie Brown, former San Francisco mayor.
CNBC's Eamon Javers reports a new video has surfaced on the over-the-top GSA meeting in Las Vegas, and Congress has scheduled hearings next week to investigate the apparent taxpayer funded boondoggle, with Rep. Jeff Denham, (R-CA).