As we edge ever closer to next Tuesday, August 2nd, those of us who cover the housing market are trying to figure out what this will mean to mortgage interest rates. They are currently bouncing around historic lows and have been for some time. Refinances are surging, as the seven people left who haven't yet refied are scrambling to do so. But are we all worried over nothing?
Feeling obligated to watch the President I tuned in for a classic "not my fault but his fault" game of dodge-responsibility. Speaker Boehner wasn't any better. I got mad watching the politicians be politicians and I got Lola Jane mad by turning off Dora.
We need a deal with the greatest amount of cuts, and we need to lift the debt limit - NOW. It looks as if our sovereign debt rating will most surely be cut by the ratings agencies. That this has been allowed to happen is a shameful, despicable black mark that should follow each legislator to his or her grave.
Worries about the debt ceiling derail the dollar, and kiwis fall after trade data disappoints - it's time for your daily FX Fix.
President Obama wants a major bipartisan balanced approach, says Gene Sperling, National Economic Council director.
Former Sen. Judd Gregg (R-NH), Goldman Sachs international advisor, weighs in on the spending and deficit issues and the differences causing President Obama and Congressional leaders to not come to a balanced plan.
One of Ronald Reagan's best-known advisors on economics told CNBC that the former President would have started negotiations much earlier than President Barack Obama has.
The big sticking points between the House GOP leadership and Sen. Harry Reid’s latest plan are 1) the House wants two debt increases, one this year and one next year (Reid has just one increase) and 2) the House Republicans want a guaranteed balanced-budget-amendment vote.
The weekend ended with no deal on the debt ceiling. As I wrote last week, there are at least five reasons why the debt ceiling may not get raised. As we head into this week, the common wisdom remains that the debt ceiling will be raised one way or another. But will it?
It's not like the housing market needs any more headwinds, so here's the government potentially giving us another: The mortgage interest deduction is back in big play in the budget deal.
Whatever comes out of the debt ceiling talks in Washington, the U.S. is headed toward a period of austerity, BlackRock Chief Equity Analyst Robert Doll told CNBC.
Lawmakers try to raise the debt ceiling by August 2nd. Insight on how the debt talks will create a stressful time for the markets, with Robert Doll, BlackRock; Dan Greenhaus, BTIG, and CNBC's Eamon Javers.
U.S. House of Representatives Speaker John Boehner told fellow Republicans on Sunday that he is considering a balanced-budget amendment to the Constitution as part of a bill that would raise the debt ceiling, a source who heard his message said.
White House officials and Republican leaders scrambled on Sunday to reassure global markets the United States would avert a debt default but the two sides gave no sign they were moving closer to a deal.
Precariously short of time, congressional leaders struggled in urgent, weekend-long talks to avert an unprecedented government default, desperate to show enough progress to head off a plunge in stock prices when Asian markets open ahead of the US workweek.
World markets have behaved until now as if it were inevitable that Congress would raise the debt ceiling before the Treasury Department exhausts its ability to pay all of its bills in early August. The breakdown of negotiations Friday has jolted that sense of equanimity, the New York Times reports.
President Barack Obama and top congressional lawmakers Saturday attempted to salvage a deal to avoid a catastrophic debt default after a collapse in deficit talks left both sides angry and frustrated.
President Barack Obama and congressional leaders are scrambling to find a way ahead on a debt deal after House Speaker John Boehner threw negotiations into crisis by walking out less than two weeks before the deadline to avoid a potentially catastrophic default.
Debt-talk drama is likely to put markets on the defensive next week. Plus, a third of the S&P reports earnings, including Boeing, Ford and ExxonMobil, and the first look at Q2 GDP.