The embattled Internal Revenue Service said it is legally obligated to pay $70 million in bonuses to its unionized employees, despite the new budget constraints and the objections of lawmakers. Sen. Charles Grassley, R-Iowa, sent a letter to acting IRS Director Daniel Werfel stating he does not...

Federal Reserve Chairman Ben Bernanke used his quarterly press conference Wednesday afternoon to try to convince the markets that the central bank is serious about pulling back from its bond-buying program if the economy continues to improve. Bernanke’s hour-long question-and-answer session...

The Federal Bureau of Investigations employes the use of drones for surveillance on U.S. soil, the agency’s director told lawmakers on Wednesday. At an oversight hearing conducted by the Senate Judiciary Committee, FBI Director Robert Mueller admitted the agency is making use of unmanned...

White House opposition to the House’s massive farm bill could leave some Republicans and conservative groups in the awkward position of agreeing with President Obama. As the House continued debate Wednesday on the five-year measure that includes billions of dollars for crop subsidies and...

Rajeev Date may have given new meaning to the phrase "revolving door" when he left the Consumer Financial Protection Bureau on January 31 to start a new bank and mortgage "advisory firm." ‘It's almost like a protection racket. You hire the alumni of the agency and they'll call up their...

Sen. Lisa Murkowski of Alaska endorsed same-sex marriage Wednesday, making her the third Republican senator to switch positions on the issue. In an op-ed published on her website, Murkowski, who backed a 1998 constitutional amendment banning same-sex marriage, said her evolution on the topic...