The Obama administration pointed to declining budget deficit and improved housing market as likely factors for economic growth.» Read More
On Friday, the U.S. Commerce Department announced it would impose import duties on shipments of Chinese coated paper. The move reverses a 23-year policy of not enacting tariffs on goods from nations deemed to have non-market economies. Perhaps more significantly, the decision signifies China's evolution into a developed global powerhouse -- one which is now expected to "follow the same rules" as the U.S., according to Commerce Secretary Carlos Gutierrez.
Eight federal prosecutors were fired last year because they did not sufficiently support President Bush's priorities, Attorney General Alberto Gonzales' former chief of staff says in remarks prepared for delivery Thursday to Congress.
As Americans approach their golden years, many claim they have yet to see a dime from their health insurance providers. In fact, many say they’ve only received excuses about why insurers won’t pay up. The question may be why.
The art of the live shot: it’s one of the most seemingly simple events in television -- and one of the hardest to get right. It’s the event that you know is going to happen, but not quite when...
On Thursday, a Wal-Mart Stores e-mail became public that detailed lease terms for banks that would rent space inside its locations. The "church and state" debate began again: Should the world's No. 1 retailer be allowed to dabble in loans? A banking expert and an ex-Reagan Administration advisor argued the merits and dangers, on "Power Lunch."
America's friendship with its No. 2 oil supplier, Mexico, has been strained by anti-immigration rhetoric; and the U.S.' No. 4 oil provider is Venezuela -- which just moved to nationalize the industry. Should Yanks be nervous about energy security? Two policy experts appeared on "Power Lunch" to weigh in on the issue.
A Republican who backs marketplace regulations might seem paradoxical -- but Michael Oxley, ex-GOP representative, co-authored the sweeping 2002 Sarbanes-Oxley Act. Does the former chairman of the House Financial Services Committee still approve of "SarBox"? He gave his views, on "Power Lunch."
Mixed messages: analysts decoding Friday's jobs report see a slightly disappointing February, but a stronger December and January. However, the different numbers didn't stop two experts from telling "Morning Call" that the news is good.
You lose some, you win some: Friday's jobs report showed the smallest rise in two years -- 97,000 jobs in February -- but revisions gave December and January unexpected strength. Rob Portman, director of the Office Of Management & Budget, said the report vindicates the Bush Administration's view that the U.S. economy is in a "steady state" of growth.
In 2002, the U.S. government enacted the Terrorism Risk Insurance Act, creating a Federal backup for insurers in the wake of the Sept. 11, 2001 attacks. TRIA expires at year's end. "Power Lunch" guests debated whether it's still a valuable instrument -- or has degenerated into "corporate welfare."
When his environmental-apocalypse film An Inconvenient Truth won the Academy Award for Best Documentary feature last night, Al Gore jested, "My fellow Americans, I’m going to take this opportunity here and now to formally announce my intentions..." Immediately, a debate came to a boil: Is the former vice president -- and 2000 presidential candidate -- considering another White House run?
CNBC's Sue Herera says that "Hollywood has a megaphone like no other." But Wall Street is, well, Wall Street: the embodiment of big bucks. Which will prove a bigger force in picking the next American president in 2008? John Harwood and Financial Times' Ben White weigh in.
The President's Working Group on Financial Markets vowed to up its vigilance of hedge funds -- but its members shied from taking action. SEC Chairman Christopher Cox and Connecticut Attorney General Richard Blumenthal took sides on the matter.
Although the race for the White House is still nearly two years away, Presidential hopefuls are grabbing headlines, right now. (Can you remember when a race has been so eagerly anticipated, so far in advance of Election Day?) As this all unfolds--politicos and insiders are whispering that “economic insecurity” is going to be a key issue for Dems in ’08.
Chalk it up to the new centrism -- or perhaps it's because some issues are so irksome, Republicans and Democrats must agree that a solution is needed. Whatever the case, two House members joined "Power Lunch" to sound the alarm over the alternative minimum tax (AMT) -- and the 20-month deadline to fix it.
Pollsters often try to make their jobs simpler, by predicting elections via demographic groups. So who does that abstract cross-section called "Wall Street" want in the White House in 2008? The answers may not be so cut-and-dried, says John Harwood, CNBC's chief Washington correspondent.
The House Committee on Oversight and Government reform is looking into allegations the White House tried to suppress information on global warming and climate change. This comes as President Bush just signed a directive that gives the White House much greater control...
President George W. Bush is doing a lousy job steering the U.S. economy -- or, Bush is doing an excellent job -- depending whether you ask economist Christian Weller or GOP strategist Jack Burkman, both of whom joined "Power Lunch" to dissect the president's economic record.
Democrats made a very big deal about all the bills they passed in the House during the first 100 hours of the new Congress. Their legislation addresses key business issues, such as taxes, energy and the minimum wage. Seems like a lot in a short time, but guess what? The next 100 hours might be even more important. CNBC’s Sue Herera found out why.
A Belated Return: The breaking news desk blog has returned after a longer than expected absence - upon my return to work yesterday after vacation, my computer somehow fried its innards, necessitating a complete overhaul. As I told my very understanding CNBC.com bosses, the dog really DID eat my homework!
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