Jeff Miller, R- Fla., chairman of the House Veterans Affairs Committee, would allow VA to use $3.35 billion from the new Veterans Choice program to pay for private health care for veterans from May 1 to Oct. 1. The VA has told Congress that it may shutter hospitals unless it receives flexibility to close a $2.5 billion shortfall caused by a sharp increase in demand by...» Read More
Robert McCann, the former head of Merrill Lynch's brokerage unit, was named the head of UBS's private client group.
Time growing short, Democratic leaders in the House and Senate still face key decisions if they are to achieve President Barack Obama's goal of passing legislation to remake the nation's health care system by year's end.
Eight months after he seized control of what was left of their life's savings, a court-appointed attorney in Dallas has finally met with investors in the alleged Stanford Ponzi scheme, CNBC has learned.
The central witness in a federal insider trading case against Raj Rajaratnam, founder of the Galleon hedge fund, has a more than 10-year history of passing on privileged information to the fund, according to federal court documents.
The growing deficit and broken tax policies are killing job creation and causing long term damage to the middle class of the US, Steve Wynn, chairman and CEO of Wynn Resorts, told CNBC Friday.
If things had gone according to plan, Lindsay Murphy would be a big-city tax lawyer by now. Instead, the recent law school graduate found herself doing legal aid, listening to complaints about raw sewage bubbling up into the bathtubs of a Mississippi Delta housing project.
One year after the government took over and bailed out Freddie Mac, the giant mortgage finance company, federal regulators are blocking former employees from revealing information to investors who are suing the company for fraud, reports the NYT.
A federal judge tossed out a lawsuit this week that was seeking to have Craigslist pull its “erotic services” ads.
Russia on Thursday dropped a $22.5 billion lawsuit against Bank of New York Mellon stemming from a decade-old money laundering case involving one of its former executives.
Responding to criticism that the Obama administration's $787 billion in stimulus spending hasn't done enough to boost employment, House Speaker Nancy Pelosi said the economy would be in much worse shape without it.
Listen to a top economist in the Obama administration describe Paul A. Volcker, the former Federal Reserve chairman who endorsed Mr. Obama early in his election campaign and who stood by his side during the financial crisis.
Galleon Group is winding down its hedge fund holdings, the company's embattled CEO Raj Rajaratnam said in a statement.
Prosecutors say a scientist who worked on the cutting edge of moon exploration has been caught trying to sell classified secrets to an FBI agent posing as an Israeli intelligence agent.
Do you remember that very strong European Competition czar who battled Microsoft and Intel, accusing them of anti-competitive behavior? The question now is: will she be strong enough to battle Germany’s Angela Merkel?
Federal marshals say Bernard Madoff's Long Island beach house has sold for $9.41 million.
Federal drug agents won't pursue pot-smoking patients or their sanctioned suppliers in states that allow medical marijuana, under new legal guidelines to be issued Monday by the Obama administration.
Swiss bank UBS AG warned U.S. customers by registered mail their account details may be given to U.S. tax authorities, a method that could itself breach secrecy laws, a Swiss paper said on Sunday.
Bank of America executives met today with several government entities in the continuing investigation of what the bank disclosed about losses and bonuses at Merrill Lynch when it acquired the brokerage giant late last year, CNBC has learned.
Bowing to political pressure from community bankers, the House Financial Services Committee approved an exemption on Thursday for more than 98 percent of the nation’s banks from oversight by a new agency created to protect consumers from abusive or deceptive credit cards, mortgages and other loans.
The financial system needs more efficient regulation that would happen by streamlining, not expanding, the current mechanisms, Morgan Stanley CEO John Mack told CNBC.