As Chinese President Hu meets with U.S. lawmakers, the valuation of the yuan is a "side show" next to getting better treatment for U.S. businesses in China, James Rickards, sr. managing director at Tangent Capital, told CNBC on Wednesday.
New risk retention standards could restrict the availability of credit and hurt the economy if not carefully written, according to a report released on Tuesday by a new council of US regulators.
The US Treasury now directly holds a mind scrambling $1.07 trillion in securities—including yesterday's Permanent Open Market Operations.
Chemical giant Transammonia is ending all ties with Iran following a CNBC investigation into its business dealings there.
Less than a week after his bipartisan deficit commission offered a package of tough tax hikes and spending cuts to stem the flood of government red ink, the president and Republicans presented a tax plan that would add a whopping $900 billion to the nation's debt over two years.