*Gold firms as dollar dips after U.S. non-farm payrolls. LONDON, July 3- Gold prices firmed on Friday, rebounding from a 3-1/ 2 month low as the dollar softened after weaker than forecast U.S. employment data tempered expectations for a September rate rise by the Federal Reserve. Investors remained cautious ahead of Greece's referendum on an international bailout...» Read More
"This is just one step in a plan to resolve our finances," Postmaster General Patrick Donahoe said in an interview on CNBC.
CNBC's Hampton Pearson has the latest details on the agency's decision to halt delivery on Saturdays. And, Rep. Darrell Issa, (R-CA), weighs in with his thoughts on the restructuring plans and whether the postal service should be private.
Patrick Donahoe, Postmaster General & CEO, explains why the agency is stopping Saturday mail delivery in an effort to cut costs, and why doubling the postal rate is not the answer.
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.