Donald Trump dismisses his vice presidential pick Mike Pence's previous support for the conflict. » Read More
President George W. Bush on Thursday ordered gradual troop reductions in Iraq but defied calls for a dramatic change of course, telling skeptical Americans the U.S. military role there will stretch beyond his presidency.
Public discontent with the Iraq war has slightly eased, increasing President Bush’s political maneuvering room at a critical point in debates over war costs and troop levels. Those shifts in public opinion remain modest. Yet only one in four Americans say troops should leave now regardless of conditions on the ground...
Stocks greet the new week with some trepidation and search for direction ahead of the open. European markets are slightly lower after an overnight selloff in most Asian markets, with Japan down 2.2%. Major exporting stocks led the decline in Tokyo.
Summer isn't over yet, but the languid pace that has prevailed in Washington since Congress left town in August has now definitively vanished. On every front, the White House and Congress, Republicans and Democrats, are girding for political action that will unfold rapidly with its ultimate consequences uncertain.
Presidential candidate Sen. John McCain (R-Ariz.) joined CNBC's Larry Kudlow on "Kudlow & Co." to discuss the economic strategy he would pursue if he were elected America's commander-in-chief in 2008.
Shares of KBR, the military contractor and engineering company, dipped slightly Friday after soaring to new highs earlier in the week amid a flurry of new business, including a contract one Wall Street analyst called a "game-changing win" for the former Halliburton subsidiary.
China could play fairer in its trade relations with the United States, Secretary of State Condolezza Rice told CNBC's Maria Bartiromo Friday. "On balance, a strong, growing Chinese economy is good for the international community, but China needs to play by the rules," she said.
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Defying President George W. Bush's veto threat, the House of Representatives on Wednesday approved a bill providing new war funds while setting a timeline for the withdrawal of all U.S. combat troops from Iraq by March 31 next year.
How can you make money on the recent jump in oil prices? Pavel Molchanov, associate analyst with Raymond James, joined CNBC's Erin Burnett on "Street Signs" with three oil plays -- for what he says is no brief spike.
As news and rumors of Iranian belligerence boil, trader Ira Eckstein isn't surprised that oil prices swung broadly Thursday. He and Kenneth Timmerman, Middle East Data Project president, told "Power Lunch" viewers what to expect from petroleum -- and from Iran's leaders.
Texas energy investor Boone Pickens told CNBC that the recent spike in oil prices is due more to "fundamentals" than geopolitical tensions with Iran and that "you're going to look at $70 oil pretty quick." The billionaire said the current market is "very tight" because inventories have declined for seven straight weeks.
The U.S. House of Representatives on Friday voted to impose a Sept. 1, 2008, deadline for withdrawing all American combat troops from Iraq, prompting a quick veto promise from President George W. Bush.
Dubai is again the flashpoint of a patriotism-versus-globalism debate. This time, it's not about a foreign firm encroaching on U.S. shores, but an American company shifting its headquarters to the emirate. And when the firm is oilfield-services provider Halliburton, everyone has an opinion.
Ted Turner calls solar energy the "biggest business opportunity the world has ever seen." And for once, he may be understating it. CNBC's Jane Wells reported on the maverick mogul's plans, on "Morning Call."
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 British are coming, the British are coming -- for American Airlines. Well, maybe not. Despite a Reuters report knocking down BusinessWeek's story of a possible takeover bid for American Airlines parent AMR, speculation abounds. And It would be a good thing, according to Mike Miller -- but he says it probably won't happen.
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.
President George W. Bush sent his $2.9 trillion budget to Congress this morning, kicking off widespread debate in both the House and Senate. This is the first time during his presidency that Bush has delivered a budget to a Democrat-controlled Congress. Considering Democrats have made it clear that they have a different set of priorities, what kinds of challenges lie ahead?