Congress dismisses doomsday talk

Senior Editor, CNBC.com The IRS' Lois Lerner is sworn in before testifying on Capitol Hill. Lois Lerner, the IRS official who headed the division that targeted Tea Party and other conservative groups for special tax scrutiny, invoked her Fifth ...

Congress President Sonia Gandhi and India-born PepsiCo chief Indra Nooyi figure among the top 10 in the global list of most powerful women compiled by Forbes magazine for 2013. Gandhi is ranked ninth while Nooyi is at the 10th place in the global list of ...

US shares rallied during the early part of morning as the Federal Reserve Chairman Ben Bernanke said in testimony to Congress that easing measures continue to benefit the economy. Bernanke added withdrawing monetary stimulus could threaten the country's ...

WASHINGTON, May 22 (UPI) -- The disclosure came in a letter U.S. Attorney General Eric Holder sent to congressional leaders, The New York Times reported. Holder said the administration deliberately targeted Anwar al-Awlaki, a radical Muslim cleric ...

In a letter to Congress, President Barack Obama's administration formally acknowledged for the first time Wednesday that it killed radical Yemeni-American cleric Anwar al-Awlaki and three other US citizens in strikes abroad. Here are the main points ...

We heard it more than once at today's hearing of the Joint Economic Committee featuring Fed Chairman Ben Bernanke: the central bank's low interest rate policies are allowing Congress to delay tough decisions on long-term spending. As U.S. senator ...

US stocks edged higher at the open, ahead of highly anticipated testimony in Congress by Fed Chairman Bernanke on the economy and monetary policy. NEW YORK: US stocks edged higher at the open on Wednesday, ahead of highly anticipated testimony in Congress by ...

IRS official Lois Lerner told Congress today she broke no laws involving the targeting of conservative political groups by her agency. Lerner also invoked the 5th Amendment in refusing to answer questions from Congress. Federal Reserve Chairman Ben ...

A delegation of West Bengal Congress leaders met Chief Election Commissioner V.S. Sampath in New Delhi on Wednesday and alleged violation of the model code by Chief Minister Mamata Banerjee in the State, where a by-election to the Lok Sabha from ...