In a series of tweets, the president addressed an unusual controversy stemming from a speech Thursday that New York Fed President John Williams delivered.Marketsread more
Four members of the House Armed Services Committee, including ranking member Mac Thornberry, R-T.X., said moving forward with the contract was critical to U.S. national...Technologyread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
George Nader, who was a key witness in special counsel Robert Mueller's probe, has been charged in a new federal indictment with transporting a 14-year-old boy for sex, child...Politicsread more
"I'm not hearing people blame the Fed as much as they're blaming tariffs," says CNBC's Jim Cramer.US Economyread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
Gold has been on fire this year and some investors think it is poised to do something it has only done twice since World War II.Marketsread more
The University of Michigan's preliminary print on its consumer sentiment index ticked up to 98.4, from 98.2 in June. Economists polled by Refinitiv expected the preliminary...Economyread more
The mega-cap tech stocks that have led much of the record-long bull run have started to lose steam, but investors are still giving them the benefit of the doubt.Marketsread more
Houston, we have liftoff. Fifty years ago, man landed on the moon and McDonald's and a handful of other stocks took off into the stratosphere. Two of them have more fuel in...Trading Nationread more
Amazon's PillPack was informed this week that it will soon be cut off from patient medication data, according to people familiar with the matter.Technologyread more
Congress must agree on a bipartisan bill to fund efforts to control the Zika virus before it adjourns for a seven-week recess next week, or risk irreparable harm to pregnant women and their babies, the White House said Thursday.
"The risk is growing every day," Deputy Homeland Security Advisor Amy Pope told reporters on a conference call. Without funding, "we know that we won't be able to begin the next phase of vaccine trials, that we cannot scale up manufacturing capacity."
President Barack Obama requested $1.9 billion in Zika funds in February to support vaccine development, as well as efforts toward better diagnostic tools and mosquito control. In April, amid congressional gridlock, the administration allocated more than $500 million of funds from its Ebola budget to fight Zika, which public health officials say cannot be a permanent solution in efforts against either disease.
In late June, the House passed a $1.1 billion bill that was then blocked by Senate Democrats, who complained of "poison pill" provisions that made it untenable.
"It had all kinds of extraneous things in there, highly partisan provisions," Senator Bill Nelson of Florida told reporters Thursday. His state is expected to be among the hardest hit by Zika in the U.S. He highlighted restrictions to Planned Parenthood and diversion of Medicaid funds for Puerto Rico as two major concerns with the bill.
"This is how the Zika crisis is being treated, as a matter of partisan politics," Nelson said.
There have been 1,133 cases of Zika in U.S. states and Washington, D.C., and 2,534 cases in U.S. territories, according to the Centers for Disease Control and Prevention. Zika is not yet spreading through mosquitoes in the continental U.S., though public health officials warn clusters of cases may arise in states including Florida and Texas, which have seen outbreaks of similar viruses, dengue and chikungunya.
Zika has been definitively linked not only to microcephaly, a birth defect that causes abnormal brain development, but also other severe brain defects, CDC Director Tom Frieden said Thursday. He said each day as many as 50 more women in Puerto Rico, which does have local Zika transmission, are becoming infected.
"This is a great concern," Frieden said. "It has a devastating effect on pregnancy."
Nelson said he wrote to Senate GOP leader Mitch McConnell to urge him to bring another $1.1 billion Zika funding bill, this one passed by the Senate and without the so-called poison pills, to the House for a vote.
"We are in the eleventh hour and 59th minute before Congress is gone all summer," Nelson said. "We have to get something passed."