U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms' poor grasp of their own weaknesses.
The federal government ran a lower deficit this July than a year ago, keeping it on course to record the lowest deficit in six years.
The government's budget returned to deficit in May after a big April surplus, but the U.S. remains on track to have the smallest deficit since 2008 in 2014.
Mortgage finance firms Fannie Mae and Freddie Mac will send the U.S. Treasury dividends totaling $10.2 billion after posting quarterly profits.
Freddie Mac says it will soon send the U.S. Treasury a $10.4 billion dividend, putting taxpayers further into the black on their bailout of the mortgage giant.
House Speaker John Boehner let Congress vote on a measure to extend the nation's borrowing authority without any spending conditions -- an unequivocal victory for Obama.
House Speaker John Boehner says the House of Representatives will vote this week to increase in the government's borrowing cap without any add-ons demanded by Republicans.
Starbucks customers in Reno paid it forward last week, paying for purchases for the person next in line at a Reno, Nev., drive-thru 73 times.
Workers who take advantage of special tax-free accounts to pay out-of-pocket medical expenses could soon be allowed to carry over up to $500 from one year to the next.
The last-minute compromise struck by Washington on Wednesday should remove the near-term threat of a ratings downgrade -- for now.
The stock market surged in late morning trading as Washington closed in on a deal to avoid a default by the U.S. government.
Senate leaders reached agreement Wednesday to avert a threatened Treasury default and reopen the government after a partial, 16-day shutdown.
Billionaire Warren Buffett says it would be idiocy for the nation's leaders to allow the United States to default on its bills.
House GOP leaders unveiled a plan Tuesday to reopen the government and stop a default. But it rapidly became clear it had little support among the Republican rank-and-file.
U.S. senators said they were closing in on a deal Monday that would reopen the government and push back a possible default for several months.
The U.S. moves perilously closer to an economy-rattling default and a partial government shutdown entered its third week.
U.S. lawmakers are bickering over federal spending but for global markets, the impending battle over the U.S. debt ceiling is more significant.
Treasury Secretary Jack Lew warns Congress on Wednesday that the U.S. would exhaust its borrowing capacity no later than Oct. 17.