Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to a campaign finance probe of Cohen should be unsealed — and denied a...Politicsread more
The U.S. economy continued growing at a "modest" rate in recent weeks, with consumers continuing to spend and a "generally positive" outlook overall even in the face of...Economyread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.Technologyread more
Robert Mueller will publicly testify before two House committees next month about his probe into Russian efforts to interfere in the 2016 election.
House Judiciary Committee Chairman Jerry Nadler, D-N.Y., and House Intelligence Committee Chairman Adam Schiff, D-Calif., announced the July 17 testimony on Tuesday night. They said they issued subpoenas to bring Mueller, the special counsel who oversaw the Justice Department's investigation, before the House.
"Americans have demanded to hear directly from the Special Counsel so they can understand what he and his team examined, uncovered, and determined about Russia's attack on our democracy, the Trump campaign's acceptance and use of that help, and President Trump and his associates' obstruction of the investigation into that attack," the two lawmakers said in a joint statement. "We look forward to hearing his testimony, as do all Americans."
Mueller's public appearance will bring a spectacle rarely seen during the nearly two-year investigation that ended in March. The special counsel avoided public comment on the probe until the release of a redacted, more than 400-page report detailing Russia's efforts to influence the election and instances of President Donald Trump potentially trying to derail the investigation. Mueller then gave remarks to reporters last month, reinforcing the report's findings and saying he would not speak any more about it publicly.
Attorney General William Barr and former Deputy Attorney General Rod Rosenstein declined to charge the president with obstruction of justice earlier this year. Still, some lawmakers and legal experts saw Mueller's report as laying out a case for Congress to pursue obstruction charges.
In a statement to NBC News, Trump personal attorney Jay Sekulow stressed that Mueller previously noted he did not want to testify beyond his written summary of the investigation.
"Bob Mueller said his testimony was his report. We expect that his testimony will be his report," he said.
In a statement Tuesday night, Judiciary Committee ranking member Rep. Doug Collins, R-Ga., said he hoped the testimony would bring an end to "political gamesmanship."
"May this testimony bring to House Democrats the closure that the rest of America has enjoyed for months, and may it enable them to return to the business of legislating," he said.
Spokespeople for the White House and Mueller did not immediately respond to requests to comment.
Democrats have pushed for Mueller's public testimony for months. They have described it as an important step to understand the breadth of Trump's potential misconduct both during the election and since he took office.
Crucially, the testimony could force some Democrats to decide whether they want to start impeachment proceedings against the president. At least 77 House members — 76 Democrats and one Republican — support an impeachment inquiry, according to NBC News.
House Speaker Nancy Pelosi has opposed impeachment, calling it "divisive." Democrats have worried about political backlash as they try to defeat Trump and keep control of the House in the 2020 election.
— CNBC's Kevin Breuninger contributed to this report