The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select ...

Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law. Big banks, business groups sue US ...

Most federal employees are set to start the new year making a little more cash after President Joe Biden signed an executive order Monday. The executive order, announced Monday by the White House ...

Christmas Eve is not a designated federal holiday. Still, U.S. presidents, including Joe Biden and Donald Trump, have used the holiday to grant a day off to the country's more than 2 million ...

Washington — President Biden on Monday announced he had commuted the sentences of nearly all federal inmates on death row, with the exception of three who did not receive clemency. There are 37 ...

President Joe Biden will leave office with more lifetime judicial confirmations than his predecessor and a legacy of diversifying the federal bench, a win for Democrats in the final days of the ...

President Joe Biden announced Monday that he is commuting the sentences of 37 of the 40 people on federal death row, converting their punishments to life imprisonment mere weeks before President ...

The card earns bonus points for travel and dining-related spending, which can be redeemed for more value through Chase. It piles on the perks, too, but they come at a price. With a big sign-up ...