The US economy has been in recovery for two years, but the pace has been frustratingly slow, well below that of past rebounds from deep recessions and inadequate to repair the damage done by the crisis of 2008-’09. Every time it seems the recovery may be gaining traction, the momentum peters out... Still, the economy retains important supports.
Does Wall street have a problem with President Barack Obama? Not if his fundraising or reelection efforts tell us anything.
CNBC's Eamon Javers has the details on the new report on President Obama's fundraising efforts for his 2012 re-election campaign.
If the debt ceiling does not get raised, the ramifications range from really bad to Armageddon. That's why the markets and pundits believe the debt ceiling will get raised. It has to. But here are the top five reasons the debt ceiling may not get raised.
Despite President Obama's optimistic words, an eleventh-hour breakthrough in deficit negotiations using the so-called "Gang of Six" plan doesn't seem to have a chance.
Senate Budget Chairman Kent Conrad said Thursday that it's impossible to enact the "Gang of Six" plan for spending cuts, a tax code overhaul and changes in benefit programs by the Aug. 2 default deadline, so a short-term extension of the debt limit is the most likely solution.
Today marks one year since the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was signed into law. One year since Rep. Barney Frank and former Senator Chris Dodd chose to ignore our concerns that this bill would stifle the recovery, harm job creation and crush Main Street America.
All eyes are turned towards the clock as the August 2 deadline for the US debt talks approaches. Treasurys investors could stand to benefit if Congress cannot agree to raise the debt ceiling.
Sen. Kent Conrad (D-ND) discusses the specifics included in the "Gang of Six" proposal to cut this country's enormous debt.
We are witnessing a classic restructuring negotiation. The Administration and Congress are negotiating a plan to restructure the federal government. The dynamics of the debt ceiling restructuring negotiations resemble corporate restructuring negotiations.
“Democrats and Republicans can continue to duke it out in the halls of Congress, but you can be fairly confident that the highest marginal income tax rate is going up,” says top analyst John Roque. “It’s just a question of how much.”
Four Plans and four probable outcomes from DC.
Former Treasury Secretary Lawrence Summers warned the U.S. faces "financial Armageddon" and a worse financial situation than 2008 if the debt ceiling isn't raised.
Defying a veto threat, the Republican-controlled House voted Tuesday night to slice federal spending by $6 trillion and require a constitutional balanced budget amendment to be sent to the states in exchange for averting a threatened Aug. 2 government default.
President Obama holds a stronger political position than Republicans entering the end-game of their standoff over the debt ceiling, a new NBC News/Wall Street Journal Poll has found.
President Obama's comments about a potential bipartisan agreement gave a big boost to Treasuries this afternoon, with the Fast Money traders, and Dan Greenhaus, BTIG chief global strategist.
With a default deadline looming, House Republican leaders are giving the Tea Party what amounts to a symbolic floor vote on its "cut, cap and balance" debt-limit plan.
Two weeks before their final deadline, President Barack Obama and top lawmakers will face more pressure Tuesday for a debt deal amid a growing sense that a last-ditch plan taking shape in Congress may be the only way to avoid a devastating U.S. default.
As gold prices continue to break new record highs, analysts are reviewing their targets with many predicting further gains. But not everyone’s bullish on the precious metal.
Lawmakers who think they can solve the dispute over reducing debt by asking economists are out of luck. Economists can’t agree, either, the New York Times reports.