CNBC's Rick Santelli and Governor Patrick Quinn (D-IL), discuss the historic overhauling of the state's pension system and the bill Gov. Quinn signed yesterday.» Read More
Rep. Barney Frank told CNBC Friday that he does not support removing the Federal Reserve's authority, because it wasn't the only government agency to make the mistakes that led to the financial crisis.
The latest version pays for the health care expansion largely on the backs of investors who face a smorgasbord of new taxes on interest, dividends, capital gains and other investment income.
The threat is no longer low-cost manufacturing; it’s high-tech and ideas. And the proof? As of this year, China has overtaken Germany as the world’s biggest exporter. And it’s not limited to less expensive products.
While Alabama and Milan are rarely mentioned in the same breath, both locations now share something: they are making bankers nervous.
SEC and Fed officials were warned by a leading Wall Street rival that Lehman Brothers was incorrectly calculating a key measure of its financial health months before its collapse, the FT reports.
One of the most popular Web sites that let people post opinions about restaurants, shops and local services is being sued by several small businesses. These businesses claim that the site, Yelp, pressured them to advertise in exchange for getting negative reviews squashed.
The revised health care bill that Democrats released in advance of a House vote this weekend contained one initial mystery: how did they revise the Senate health care bill to make it more generous to the uninsured while simultaneously shaving more from the federal budget deficit?
We’ve heard a lot about the losers from state budget cuts but here’s an unlikely winner: state prisoners.
In a sunny Rose Garden ceremony, Obama said the legislation will help the private sector start hiring again. It is the first of several jobs measures promised by Democrats this year.
Senate Republicans say the "door is open" to negotiating a bipartisan bill on financial reform with Democrats, but "there will be a lot of Republican votes against it as it is," says the GOP's senior member of the banking committee.
Tencent, the world’s third-largest internet company by market capitalization, said China’s crackdown on mobile text messaging was starting to hurt its business.
President Barack Obama's much-challenged health care overhaul gained traction Wednesday as a liberal lawmaker became the first to switch his opposition and Catholic nuns declared their support in an unusual public break with the bishops.
Companies that hire unemployed workers will get a temporary payroll tax holiday under a bill that easily won final congressional approval Wednesday.
So where are the criminal indictments of Wall Street CEOs after the largest economic crime spree is U.S. history?
Speaker Pelosi is as good as it gets in wrestling votes for legislation she favors. She is the female version of that titan, Tip O'Neill (D. Mass.) who famously said, "All politics is local." But as good as she is, the Speaker seems to have come up short with the necessary votes to get the Senate version of the health care bill passed in the House of Representatives.
Sen. Chris Dodd’s financial-regulation proposal raises the possibility of substantial progress on the road to ending “too big to fail” and bailout nation for banks and other financial institutions.
If there is a protracted battle on any nominee or if any nominee is withdrawn after they are proposed, the process has the potential to wipe out most of the summer and part of the fall. This would leave little time to pass any meaningful legislation before Congress adjourns before the mid-term elections.
Family members of admitted fraudster Bernard Madoff have insisted that they, too, are victims of the historic Ponzi scheme, and moved late Monday to dismiss a civil complaint alleging that they helped facilitate the fraud.
The Senate is already down to its final two hurdles before passing a comprehensive financial reform bill, Sen. Christopher Dodd told CNBC.
Senate Banking Committee Chairman Christopher Dodd Monday unveiled a new, more moderate blueprint for sweeping financial reform in an attempt to win bipartisan support.