Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The first thing Republicans and Democrats need to do is rebuild goodwill and "get to know each other" again following the latest bruising debt fight, former White House budget director Jim Nussle told CNBC on Friday.
"Let's start with the pizza" and then get down to the work to find solutions to the nation's debt problems, said Nussle, who served as director of the Office of Management and Budget under President George W. Bush.
Nussle spoke on "Squawk Box" a day after President Barack Obama challenged Republicans to "win an election" if they want to overturn his policies.
(Read more: 'Win an election': Obama catchphrase)
Despite the tough talk, "the president is totally capable of negotiating" with Republicans, said Steven Rattner, who served as Obama's car czar.
This week's eventual compromise to extend the debt ceiling until Feb. 7 and reopen the government with funding until Jan. 15 was a "teachable moment," he said. "I think we have learned the American people do not believe in using the debt ceiling as a negotiating tool."
"The American people have [also] said, 'no mas,' to trying to get rid of Obamacare through the back door," said Rattner—referring to Republican attempts to use the debt ceiling and the government shutdown as leverage to defund or delay the president's health-care law.
(Read more: Did Wall Street make the next budget crisis worse?)
With a three month reprieve, Rattner and Nussle, members for the Campaign to Fix the Debt, believe the elusive "grand bargain" is worth pursuing, despite sentiment in Congress against it.
Nussle said that budgeteers each need to come to the negotiating table with a plan of their own. "There is a no deal until there's a deal on everything."
(Read more: )
But Rattner pointed out, "There's no enforcing mechanism. There's no super committee. There's no sequestration [spending cuts] on the back end. You got nothing to make these guys do it."
"Forget the question about what you think the deficit should be," he said. "If you simply look within spending, our priorities are all completely misguided."
He added that "we're cutting all the wrong things," while the tax code is "riddled with loopholes."