The Dow Jones Industrial Average fell to its worst week since the financial crisis in 2008, down nearly 7 percent.
The bill includes more than $5 billion for Trump's border wall, and it likely will not pass the Senate.
On Friday morning, Trump himself warned of "a shutdown that will last for a very long time" if the Senate didn't back a spending bill that includes funding for a southern border wall.
Trump announced his decision during a closed-door meeting at the White House with a group of House Republican leaders, who afterward told reporters that they would try to craft a version of the legislation including $5 billion that Trump had demanded to build a wall on the U.S. border with Mexico. Earlier on Thursday, Trump had grumbled on Twitter that a version...
Trump's decision throws more chaos into the late scramble to keep the government running through Christmas and into the new year.
CNBC's Ylan Mui reports on the cancellation of the GOP news conference after Speaker Paul Ryan took an emergency call from the president regarding the government funding bill.
Trump has lamented a lack of money to fund his proposed border wall, a key campaign promise that tripped up funding talks in Congress.
WASHINGTON/ NEW YORK, Dec 4- Emails accounts for a campaign group supporting Republicans running for the U.S. House of Representatives were hacked before this year's congressional elections, according to a person familiar with the situation. "Upon learning of the intrusion, the NRCC immediately launched an internal investigation and notified the FBI, which is...
The House Republican fundraising committee suffered a major email hack in early 2018 as it tried to stall a Democratic blue wave.
A backer of California's failed gas tax repeal measure is proposing an initiative to shift tens of billions of dollars from state coffers to local governments for highway construction and maintenance.
Juul has prided itself on its independence from Big Tobacco. It may not be able to much longer, as Juul considers selling a minority stake in itself to Altria, the maker of Marlboro cigarettes, according to a person familiar with the matter.
Schumer targeted Trump's demand for $5 billion for his proposed border wall, which has derailed talks and raised the specter of a partial shutdown.
President Donald Trump said he would "totally be willing" to shut down the federal government unless Congress authorized $5 billion to fund his long-promised wall along the U.S. border with Mexico, according to a Politico interview published on Wednesday. Illegal immigration was a central theme of Trump's presidential bid, and he repeatedly invoked the issue...
WASHINGTON, Nov 27- President Donald Trump's renewed demand for U.S. taxpayer funding of his proposed U.S.- Mexico border wall was threatening again on Tuesday to bring on a budget standoff and a partial government shutdown, leaving Congress just 11 days to act. With time running short, Trump and Republican leaders of the U.S. House of Representatives huddled at...
The measure could reduce thousands of sentences and save the federal government millions of dollars in incarceration costs. Still, Senate Majority Leader Mitch McConnell says the bill is unlikely to be put up for a vote this year.
The California Republican and current majority leader put down a leadership bid from Rep. Jim Jordan.
The upstairs-downstairs split within the Republican coalition requires more than hype about imagined threats of "invasion" from a bedraggled immigrant caravan, writes John Harwood.
Sen. Sherrod Brown, D-Ohio, has an economic message that resonates with a key portion of the president's voters. But he's no fan of Trump's tax cuts. Brown spoke to CNBC's John Harwood last week.
President Trump ripped House Speaker Paul Ryan Wednesday after House Speaker Paul Ryan challenged Trump’s claim that he could eliminate birthright citizenship via executive order.
President Donald Trump on Wednesday ripped Speaker of the House Paul Ryan, R-Wis., a day after Ryan said the president could not eliminate birthright citizenship with an executive order.