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
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 meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
One of President Donald Trump's allies in the Senate just took another swipe at Republican health-care plans.
Sen. Tom Cotton, a Republican from Arkansas, cast doubts Tuesday on the GOP's "three-phase" plan to repeal and replace the Affordable Care Act. Cotton, a conservative who said the ACA replacement bill cannot pass the Senate without changes, called talk of a three-step process "political spin."
"There is no three-phase process. There is no three-step plan. That is just political talk. It's just politicians engaging in spin," Cotton told radio host Hugh Hewitt.
The White House and House Speaker Paul Ryan have outlined three phases for their plan to repeal and replace the ACA, also known as Obamacare, and fulfill a key GOP campaign promise. First, the GOP wants to pass the American Health Care Act, the bill working its way through the House that faces opposition from both moderate and conservative Republicans in Congress. Republicans are using budget reconciliation, meaning it only requires a 51-vote majority in the chamber, where the GOP holds 52 seats.
It then would involve administrative actions by the Trump administration and Health and Human Services Secretary Tom Price. That would be followed by more legislation, possibly including a law allowing insurance sales across state lines.
Cotton contended that the second step would face court challenges and likely get hung up in the judicial system. The third phase, meanwhile, could not use the budget reconciliation process the GOP is using for its current bill and would need Democratic support to clear the Senate.
Cotton thinks clearing all of those hurdles is unlikely.
"If we had those Democratic votes, we wouldn't need three steps. We would just be doing that right now on this legislation altogether. That's why it's so important that we get this legislation right, because there is no step three," Cotton said.
Enough Republican senators have opposed the bill in its current form that passage in the chamber seems unlikely. At least 12 GOP senators have already objected to portions of the bill, according to Vox.