Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
But a look at state-by-state data clarifies the scale of Trump's challenge. As the president tries to rally supporters at a 2020 kickoff rally in Orlando on Tuesday, he is...Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move in February.Marketsread more
The order for 200 737 Max jets from British Airways parent IAG was a vote of confidence for Boeing's beleaguered aircraft following two fatal crashes.Airlinesread more
Adobe expects fiscal third-quarter earnings and revenue that are below what analysts were looking for.Technologyread more
Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Democratic frontrunner Joe Biden on Monday appealed to a billionaire Republican donor for fundraising help in his presidential campaign. But the financier, Trump-supporting...Politicsread more
President Donald Trump abruptly walked out of a meeting with House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., at the White House on Wednesday, telling reporters moments later that he would not negotiate on legislation with Democrats while he was still under investigation by several committees.
Wednesday's meeting was supposed to be the second official sit-down between the president and Democratic congressional leadership specifically focused on infrastructure.
"I walked into the room and I told Sen. Schumer and Speaker Pelosi, 'I want to do infrastructure' ... but we can't do it under these circumstances," Trump said at a last-minute Rose Garden event.
Trump's anger appears to have been sparked by comments Pelosi made earlier in the day when she said, "We believe the president of the United States is engaged in a cover-up" by blocking White House aides from giving testimony and responding to document requests from ongoing congressional investigations.
"I don't do cover-ups," Trump insisted Wednesday.
According to a White House official who spoke to CNBC on condition of anonymity, the meeting in the Cabinet room lasted only about seven minutes. Trump effectively said to the visiting Democrats that he wanted to do infrastructure, "'but you're focused on investigating. When you're done we can talk. Meeting over,'" Trump said, and then he left, the official said.
"I knew the president was not serious about infrastructure and would find a way out," Pelosi said to her Democratic colleagues after Trump's exit, according to a Democratic aide who spoke to NBC News. In a statement issued later in the day, the California Democrat said House committee chairs will continue to work on "transformative infrastructure solutions that will create good-paying jobs, regardless of the President's behavior."
It appeared as though Trump's abrupt walkout had been planned in advance, given that the White House had prepared a sign to adorn the presidential lectern, and handouts that were given to reporters following the Rose Garden statement.
Speaking to journalists at the Capitol shortly afterward, Senate Minority Whip Dick Durbin, D-Ill., said there had been "high drama in the Cabinet room. We were all invited, Democratic leaders, for the follow-up meeting on infrastructure, everyone showed up, sat in their chairs, the president walked in the room and announced he was not going to go forward with the meeting, he was cancelling it."
Trump "objected to the continued investigation of obstruction of justice, he said he cooperated and gave his side of the story, as we've heard before," Durbin said, calling the outcome of the meeting, "a setback to our country's progress."
Following the president's remarks, Pelosi and Schumer held an impromptu event on Capitol Hill where Schumer said Trump's actions at the meeting "would make your jaw drop."
In late April, a similarly billed meeting proved to be an unexpected success, with both Trump and Democrats saying the two sides agreed that an infrastructure package would need to contain about $2 trillion in funding and investments.
Since then, however, there had been little additional clarity as to what the next steps forward might be, or where this money would come from.
"Let them finish up" their investigations, Trump said at the end of his remarks in the Rose Garden, "and we'll be all set."
Later in the day, Trump reiterated his position in a series of tweets, claiming, "You can't investigate and legislate simultaneously - it just doesn't work that way."
White House officials declined to say precisely which legislative efforts would be halted as long as Democrats continued their investigations, and which ones might proceed regardless of Trump's anger at the myriad probes underway into his administration.
— CNBC's Eamon Javers contributed to this report.