CNBC's Tyler Mathisen looks back at the week's top business and financial stories. Headlines hurt stocks this week, while GM is facing a federal investigation. The White House boosts overtime pay for non-union workers, McDonald's employees are suing the company and Men's Wearhouse gets Joseph A. Bank.» Read More
Sometimes scheduled news events hold a great deal of promise -- and just as often, they don’t deliver. After New York City Mayor Mike Bloomberg dropped his affiliation with the Republican Party Tuesday and switched to independent status, the speculation began that this was merely a prelude to a presidential run.
New York Mayor Michael Bloomberg left the Republican Party on Tuesday and switched to unaffiliated, a move certain to be seen as a prelude to an independent presidential bid that would upend the 2008 race.
White House budget director Rob Portman is stepping down and will be replaced by former Iowa Rep. Jim Nussle, U.S. officials said Tuesday.
President George W. Bush made a rare visit to Capitol Hill to drum up support for the beleaguered immigration bill. Observers wonder if the bill still has a chance to pass -- and who, if anyone, actually wants it. On "Power Lunch," CNBC's Bill Griffeth hosted a triumvirate of veteran political watchers weighing in on the issue: Jay Carney, Time Magazine's Washington bureau chief; Michael Abramowitz, Washington Post White House correspondent, and John Harwood, CNBC's chief Washington correspondent.
The Group of Eight wealthy-nation summit in Germany is ending Friday. Now, the question arises: Is the G8 still able to confront global issues or has it become outdated? Ian Vasquez, director of the CATO Institute’s Center for Global Liberty & Prosperity, and P.J. Crowley, senior fellow and director of homeland security at the Center for American Progress, presented differing views on “Morning Call.”
The U.S. International Trade Commission ordered a ban on Thursday of some imported cell phone models containing Qualcomm chips that infringe on a Broadcom patent.
The Bush administration is poised to suspend a major post-9/11 security initiative to cope with increasingly angry complaints from Americans whose summer vacations are threatened by new passport rules.
This meeting of the world's richest nations may be the most challenging one for the U.S. in years, given the growing power of Russia and China.
Russian President Vladimir Putin proposed to US President George W Bush setting up a joint missile radar base in Azerbaijan to overcome a crisis between the two countries.
Mike Huckabee, former Arkansas governor and presidential candidate, told “Squawk Box” he’s “running the electric car of presidential campaigns.” Huckabee advocated change on several key fronts: taxation, health care and U.S. relations with Russia -- and used the NASCAR race as an analogy for his competitive edge.
The White House remains optimistic about the U.S. economy, despite its forecast that the gross domestic product will drop from 2.9% to 2.3% for 2007. Chairman of the Council of Economic Advisors Edward Lazear shared his insights with CNBC’s Liz Claman on “Morning Call.”
President Bush challenged lawmakers to have the political courage to pass an immigration bill amid intense pressure from critics who call it amnesty and advocates who believe the current system is broken.
President Bush, seeking to blunt international criticism of the U.S. record on climate change, urged 15 major nations to agree by the end of next year on a global target for reducing greenhouse gases.
China's Vice Premier Wu Yi in a speech Thursday night rebuffed U.S. demands for trade and currency reforms. President Bush commented that he was "disappointed." What does this mean for trade relations between the two key economic powers? Morris Reid, former Commerce Department aide under President Bill Clinton, and Kellyanne Conway, president and CEO of The Polling Company, gave their opposing views on "Morning Call."
The House passed a bill that would give the FTC more authority to probe price profiteering from gasoline and other refined products. Violators would face criminal penalties and fines. The bill, which the Bush administration has threatened to veto, is meant to prevent gasoline stations from running up prices.
The U.S. Senate's immigration reform bill could result in the H1B visa cap jumping from 65,000 to 115,000 annually. “Morning Call” invited immigration experts to debate both sides of the issue. Ron Hira, a public policy professor at the Rochester Institute of Technology, said the H1B program -- for highly skilled workers -- has been “corrupted and needs to be repaired.” ... But Robert Hoffman, vice president of congressional and legislative affairs at Oracle, disagreed.
Democrats controlling Congress presented a $2.9 trillion budget blueprint, ensuring a confrontation with President Bush over spending boosts for education and other domestic programs.
President Bush plans to nominate two financial service company executives, Larry Klane and Elizabeth Duke, to fill vacancies on the Federal Reserve Board.
President George W. Bush’s proposal to cut commercial airline taxes by $1.68 billion each year has sparked fierce debate in Washington. Aviation experts joined “Street Signs” to argue each side of the issue.
Investment strategists and economists have weighed in on China's uncanny 11% growth. How does the Bush Administration view the Asian powerhouse? Rob Portman, of the Office of Management and Budget, joined CNBC's Maria Bartiromo on "Closing Bell" to talk about the "good news."
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