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Now that Detroit's emergency manager has laid out a tough road that could include a bankruptcy filing for the city, the bondholders, pension managers and others with a stake in the outcome are...
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‘The Coming Collapse of China’ author Gordon Chang weighs in on concerns Edward Snowden may be a spy. And Manhattan Institute Senior Fellow Avik Roy explains the rising health costs for...
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Rising economic optimism has allowed Congress and President Obama to move on from the battle over government spending and the need for deficit reduction.
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A House committee sent a letter to the head of the IRS demanding information about a report that agents improperly seized medical records.
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The House passed a bill Wednesday that would give new authority to the Federal Housing Administration to tighten terms for reverse mortgages, where it has faced significant losses.
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Superman and Federal Reserve Chairman Ben Bernanke: Both calm in the face of global disasters. Both occasionally said to be from other planets. They have more in common than you might think.
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Changes in how state and local governments account for retiree costs will show several California cities are much worse off than previously thought.
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The CBOE will pay a $6 million penalty and take 'major remedial measures' to settle civil charges that it failed to properly enforce short sale rules.
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The for-profit college said it is the subject of an SEC investigation and recently received a subpoena.
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In a private meeting with members of the Senate Finance Committee last week, Treasury Secretary Jack Lew shot down the possibility of attaching tax reform to a debt ceiling increase.
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Almost two years after the credit rating firm’s historic downgrade of the U.S.and warning on the country's debt outlook, S&P reaffirmed its AA+ rating on U.S. debt and revised its credit...
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A veteran IRS manager in Cincinnati, who described himself as a conservative Republican, told congressional investigators that he and a colleague decided to give conservative groups the extra...
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Mayor Greg Fischer says Louisville, K.Y. is experiencing a manufacturing boom that isn’t expected to slowdown anytime soon.
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Two senators sent a letter to the secretary of Veterans Affairs demanding answers as to why 188 VA employees were paid taxpayer-funded salaries and benefits to do union work.
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A Chinese meat company's plan to buy U.S.-based Smithfield Foods has some lawmakers worried the deal could create food safety issues.
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Eleven people in the U.S., UK and Vietnam were arrested and accused of running a $200 million worldwide credit card fraud ring, law enforcement officials said Wednesday.
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House Republicans are beginning to formulate their strategy for the upcoming debt ceiling negotiations--so what's going to be on the list for them to agree to lift the debt ceiling?
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A slice of the $2.6 trillion money market fund industry would have to fundamentally change how they price their shares under new proposals.
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Samsung was handed a victory in one part of the patent battle with Apple and it could have a far-reaching impact on Apple's sales.
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Treasury will begin another round of sales of the GM stock it acquired during the its bailout of the auto sector.
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The president plans to appoint Susan Rice to take over as his national security adviser, replacing Tom Donilon, who is resigning.
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The audit tables have turned on the IRS with a new report showing the agency spent nearly $50 million on training conferences over a three-year period, yet another black eye for the embattled...
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Conservative groups detailed to Congress how the IRS targeted them with relentless paperwork and intrusive questions when they sought tax-exempt status.
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The idea of mandated across-the-board cuts seemed so arbitrary, so unreasonable, so unthinkable. Now it's emerging as the norm.
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The president of the Atlanta Fed said recent improvement in the U.S. economy may warrant central bankers taking their foot off the monetary pedal.
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In 2011, for the first time in decades, the amount the nation’s schools spent per student fell. Here are the top ten states that spend the most and the least on education in America.
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The U.S. imposed sanctions against Iran's petrochemical industry as it seeks to cut off revenue streams that feed its nuclear program.
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In his first national television interview since filing for a 2014 U.S. Senate run, Alaska Republican activist Joe Miller criticized the IRS targeting of conservative tea party groups, calling for...
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Exclusive: A House Financial Services Subcommittee will hold hearings into whether proxy advisory firms are pushing political agendas rather than serving shareholder interests.
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The top 20% of income earners will reap more than half of the $900 billion in benefits from tax breaks in 2013--but they also pay the most in taxes.
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A drop in government spending dragged more on the economy than initially thought in the first quarter as the economy expanded at 2.4%.
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The top Republican and lead Democrat on the House Financial Services Committee are working together on a possible bill to ease regulation of community banks, sources say.
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Despite strains between the U.S. and China, Washington seems unlikely to spike the $4.8 billion buyout of Smithfield.
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The SEC has reached a $10 million settlement with the Nasdaq OMX Group for violations related to the Nasdaq’s botched handling of Facebook’s IPO.
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In a blow to the U.S. defense industry, Chinese hackers have reportedly stolen confidential details on highly-sensitive advanced weapons systems.
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Pressure to keep an eye on political groups has been mounting on the Internal Revenue Service for some time, according to a review by FOX Business.
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Who is looking at your personal medical data and records? Do you know? And some analysts believe the IRS scandal will lead to quicker tax reform. In case you missed it, here is a recap of some of...
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Deputy Treasury Secretary Neal Wolin is carefully stage managing his role in the televised IRS drama.
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The fight over Apple has to do with two things. Apple houses a big chunk of its profits in low- to no-tax Ireland, and U.S. companies pay taxes twice on their overseas profits, first to the...
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The Fed chairman warned halting the printing presses too soon could derail economic recovery and hurt financial stability.
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WATCH LIVE: Lois Lerner said at a congressional hearing she had done nothing wrong but asserted her constitutional right not to answer questions.
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Sitting at the heart of the Apple scandal-palooza in Washington is the belief that Apple’s low tax bill via the use of Ireland’s low corporate tax regime is helping to drive the U.S. deficit. But...
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In a new chapter of the IRS targeting scandal, Senate Democrats aimed at another target: Regulations requiring the U.S. tax agency to weigh the political activity of such groups.
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The IRS official who revealed the agency was giving extra scrutiny to conservative groups seeking tax-exempt status, will assert her constitutional right not to answer questions to a congressional...
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Irish Prime Minister Enda Kenny said the country does not cut special tax deals with foreign companies and a U.S. Senate report saying it did so for Apple is incorrect.
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The president promised to make available all necessary U.S. government resources to Oklahoma to help in the rescue and recovery efforts.
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A new Senate report alleges that Apple blows through a loophole to avoid paying corporate income taxes. Here's how it does it.
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Apple avoids billions in U.S. taxes through creative, unique tax structures, according to a report released by the Senate Permanent Subcommittee on Investigation.
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