It was inappropriate, and there are repercussions for the violation of law,” Rep. Jason Chaffetz, the chair of the committee, told reporters. Chaffetz and Rep. Elijah Cummings, the highest ranking Democrat on the panel, addressed reporters shortly after releasing a letter from the White House declining their request for more information about the payments. “The White House has refused to provide this Committee with a single piece of paper in response to our bipartisan request, and that is unacce

Strategist Tom Lee has a clear message for investors: Stocks are carrying more downside risk than upside risk at this juncture. First, Lee is concerned that the long-term yield curve has narrowed substantially. The spread between the 30-year Treasury yields and the 10-year Treasury yields, as Lee observed, has flattened since just after the U.S. election in November “and historically signals market weakness ahead.” “In the past, the bond market has been much better at ferreting out problems and

Investors re-elected Wells Fargo’s entire board despite some concerns many of the directors would not make the cut as shareholders voiced their continued discontent with the bank’s handling of the cross-selling scandal and its fallout. Earlier, a source familiar with the matter told CNBC that investors were expected to re-elect the company’s entire board of directors, but by a narrow margin. Going into the meeting it was expected that several directors would get support in the low 50 percent ran

Senator Lindsey Graham says the US will stop the ‘nut job’ in North Korea 1 Hour Ago | 00:52Sen. Lindsey Graham said Tuesday that President Donald Trump will not allow “the nutjob” leader of North Korea to develop missiles that could threaten the United States. The South Carolina Republican made his comments about Kim Jong Un on Twitter a day after having dinner with Trump. In a Fox News interview earlier Tuesday, Graham said he preferred to curb North Korean aggression through diplomacy, “using

Wells Fargo’s annual shareholders’ meeting turned rowdy Tuesday as at least four audience members loudly protested the company’s sales practices, one of whom interrupted a nun. Despite the tumult, shareholders re-elected all 12 board members. Earlier in the day, one shareholder demanded that board members explain what they knew about the bank’s fake account scandal and when they knew it. Another ripped into the board for not taking action sooner as its employees created more than 2 million accou

Your first job might not be your dream job, but it can serve as a crucial launch point for the rest of your career. Personal finance site WalletHub recently released a ranking of the best and worst entry-level jobs, shedding light on positions that will set you up for new opportunities, salary growth and long-term success. For the ranking, WalletHub compared 109 entry-level positions, focusing on three main factors: immediate opportunity (40 percent), growth potential (40 percent) and job hazard

In 1994, Brian Scudamore fired his entire 11-person company. Since, his junk removal service company has grown to 400 employees, operates in 180 metros and makes more than $200 million in annual revenue. Scudamore credits his success to finding the right people. He says, “We’re in the junk removal business. We take ordinary businesses like junk removal and make them exceptional through customer experience.

Capitol Hill is pushing back against a report that the White House is seeking to cut the corporate tax rate from 35 percent to 15 percent, raising concerns that it would add trillions of dollars to the national debt. President Donald Trump is scheduled to unveil his broad principles for tax reform on Wednesday. According to The Wall Street Journal, the announcement is expected to include the 15 percent corporate rate that Trump proposed during the campaign. Republicans have been planning to use

Should President Donald Trump choose to replace Fed Chair Janet Yellen when her term expires next year, he could well turn to someone close by to fill the void. Speculation is building on Wall Street that a likely replacement to run the central bank would be Gary Cohn, director of the National Economic Council and Trump’s closest economic advisor. Cohn also is a former chief operating officer of Goldman Sachs. Trump has had an awkward relationship with Yellen. During the campaign in 2016, he ope

The New York Times’ Real Estate section crunched data from the National Association of Realtors and came up with a profile of first-time buyers showing that first-time buyers are still generally millennials, albeit pretty successful ones. First-timer buyers are, on average, 32 years old and make $72,000 a year. That makes them more well-off than the general population, since $72,000 is roughly the median income for a middle-class family of three. The overall median household income is $56,516.

AT&T is scheduled to report fiscal first-quarter earnings after the market close on Tuesday. Here’s what Wall Street is expecting, according to Thomson Reuters consensus estimates:EPS: 74 centsRevenue: $40.53 billionAnalysts had forecast the company to report earnings of 74 cents per share on $40.53 billion in revenue, according to Thomson Reuters consensus estimates. The Street is anxiously looking toward the Dallas-based company’s quarterly report after Verizon’s miss on earnings last week. AT

Chipotle Mexican Grill is slated to report first-quarter earnings after the bell on Tuesday. The company is expected to earn $1.27 per share on $1.05 billion in revenue, according to Thomson Reuters estimates. Chipotle is still trying to revive sales after a prolonged slump brought about by a string of high-profile foodborne illness outbreaks that began more than a year ago. Ahead of the company’s earnings report, analysts forecast that Chipotles same-store sales growth will be up 14.9 percent,

Panera Bread is set to report first-quarter earnings after the bell on Tuesday. A consensus of analysts polled by Thomson Reuters expected earnings of $1.83 per share on revenue of $717.1 million. The sandwich shop recently announced that it plans to hire 10,000 new employees as part of its delivery service expansion. In addition, Panera is being acquired by privately-held JAB Holding, which also owns brands like Keurig Green Mountain and Krispy Kreme Doughnuts, in a deal valued at about $7.5 bi

She has type-1 diabetes and is allergic to the kind of insulin her insurer makes affordable — and her family can’t pay for the kind she needs every day to stay alive. Then you might notice the insulin pump about the size of a pager tucked into her black compression shorts, clear tubes going under her shirt. Gabriella is allergic to the kind of insulin her insurer covers at a $25 out-of-pocket cost. So her mom has turned to the black market, trading for the medication with other families with dia

Ed Campbell shared his market outlook in an exclusive interview for CNBC PRO with Mike Santoli. On why he predicts a market pullback: “I don’t think health care is the issue the market is focused on. It’s much more focused on tax reform. But [with President Donald Trump and the Republicans] having failed so spectacularly on health care, it’s not really a great omen for delivering on corporate tax reform,” he said. … We would likely be adding back to an overweight position … I would be overweight

Brace yourself, Disney fans: “Frozen 2” is coming. Walt Disney Studios said Tuesday that the “Frozen” sequel will arrive in theaters in November 2019. In addition to “Frozen 2,” moviegoers can expect to see the yet unnamed “Star Wars: Episode IX” film in theaters in May 2019 instead of the expected December 2019. The film will come out on the 24th, one day shy of the 42nd anniversary of the original trilogy. Other film releases include the live-action “Lion King” film in 2019 and a yet unnamed ”

The top Republican in the U.S. Senate said on Tuesday he hoped to reach agreement “in the next few days” on a bill to fund the government through Sept. 30, saying it was too soon to talk about a short-term fix to avert a government shutdown at midnight on Friday. “We’re hoping to reach an agreement in the next few days on how to process the entire bill through September 30th,” Senate Majority Leader Mitch McConnell told reporters. “I don’t want to speculate about whether that can actually clear

Shares of railroad operator CSX jumped in afternoon trade Tuesday after the firm’s newly minted CEO disclosed a $15 million stock purchase. Hunter Harrison, who was named the company’s chief executive in March, bought 300,000 CSX shares at $50.20 per share on Monday, according to an SEC filing. The stock rose to trade about 1.5 percent higher after the filing’s release. Last Thursday, the company revised its full-year guidance, saying that investors can expect 25 percent earnings per share growt

Early assessments are certainly important, but we should avoid assigning Donald Trump a letter grade, as one would do for a high school student. By these standards, our student – Donald J. Trump – would receive a grade of “Needs Improvement.” Trump has failed to deliver on any of the 10 legislative promises on the campaign trail. Trump has resorted to repackaging campaign promises into executive orders that will take years to develop into concrete policy changes. On foreign policy, with each pas

While visiting Germany in her first visit overseas as a member of the presidential staff, Ivanka Trump downplayed front-page headlines there calling her a “loyal accomplice” to her father. “I don’t like the word ‘accomplice’ because in this context, I don’t know that that’s productive,” she said in an exclusive interview with NBC News’ White House correspondent Hallie Jackson. More from Today:UN Ambassador Nikki Haley to North Korea: ‘Don’t give us a reason’ to fight with youSerena Williams focu