Congress wants answers on why the IRS targeted conservative groups, two senior politicians tell CNBC.» Read More
Congress wants answers on why the IRS targeted conservative groups, two senior politicians tell CNBC.
The Congressional Budget Office lowered its projection for the 2013 US deficit amid higher taxes and better-than-expected bailout repayments.
The top Republican lawmaker in charge of oversight of the IRS set a hearing to probe the agency's admission that it gave extra scrutiny to conservative "Tea Party" groups.
U.S. Treasury Secretary Jack Lew told CNBC on Friday that the U.S. debt ceiling would not be reached until September.
At least eight of the 33 senators whose terms expire in 2014 won’t run again, but potential candidates are passing. The New York Times reports.
President Obama chooses longtime fundraiser Penny Pritzker as Commerce secretary and adviser Michael Froman as U.S. Trade Representative.
Tom Wheeler is a venture capitalist and former wireless and cable lobbyist; Melvin Watt is a 20-year House veteran and former chairman of the Congressional Black Caucus.
President Barack Obama plans to nominate Charlotte, North Carolina, Mayor Anthony Foxx to be his next transportation secretary, a White House official said on Sunday.
The U.S. Senate on Wednesday rejected a bipartisan plan to expand background checks for gun buyers, dealing a sharp blow to President Barack Obama's campaign to curb gun violence.
U.S. Secretary of State John Kerry on Sunday stressed the United States is willing to engage with North Korea.
US Secretary of State John Kerry met with Chinese leaders and China, while not admitting anything publicly, agreed to help defuse the tension with North Korea, the US said.
The retrial of former Egyptian President Hosni Mubarak collapsed on Saturday when the presiding judge withdrew from the case and referred it to another court, causing an indefinite adjournment that sparked anger in the courtroom.
President Obama's fiscal 2014 budget plan proposes cancellation of or cuts to several weapons programs.
President Barack Obama on Wednesday will issue ideas to raise $580 billion in new tax revenues, including a minimum tax on the wealthy and putting an end to some corporate tax breaks.
Malaysia will hold general elections on May 5, the Election Commission said on Wednesday, in what could be the toughest test of the ruling coalition's 56-year grip on power in Southeast Asia's third-largest economy.
The Federal Reserve's bond-buying program and zero percent interest rates are dangerous, former Treasury Secretary Paul O'Neill told CNBC.
Malaysian Prime Minister Najib Razak announced he will dissolve parliament on Wednesday, paving the way for a long-anticipated general election late this month.
Many politicians want to change the way Congress operates. So why do so many—Republican or Democrat—ultimately become the very creatures of habit they initially promised to replace, at least when it comes to pork and earmarks?
The GOP will endorse immigration reform on Monday and outline plans for a $10 million outreach to minority groups in an effort to make the party more "welcoming and inclusive" for voters who overwhelmingly supported Democrats in 2012.
With the Dow Jones reaching an all-time high and the S&P 500 not far behind, markets have shrugged off the disappointment of the sequester. But Alastair Newton, senior political analyst at Nomura says that far bigger hurdles lie ahead that could potentially give the U.S. another "brush with default".
The IRS official at the center of a probe of the agency invokes the Fifth Amendment during a congressional hearing.
Markets were expecting Fed Chair Ben Bernanke to strike a dovish tone in Congress, and he did not disappoint.
Apple's CEO is disputing assertions by a Senate panel that the company evades billions of dollars in U.S. taxes.