Consumer spending in June recorded its smallest gain in four months as demand for automobiles softened, suggesting the economy lost some momentum.» Read More
The White House mistakenly thought that Republicans could never stomach cuts to the Defense Department, which constitute half of the reductions in the sequester. This was a terrible misreading of the Tea Party-infused GOP, the Fiscal Times reports.
A new bipartisan deficit-reduction plan to slash a massive $600 billion from U.S. healthcare spending over two decades has policy experts scratching their heads over how such an ambitious target can be reached.
Consumers could be foreshadowing a new recession. Coupons.com releasing its Internet Coupon Index exclusively to CNBC. It shows a spike in coupon offers and demand that hasn't been seen since just before the 2007 recession.
President Obama isn't "moving the goal posts" by asking for more revenue to avoid the automatic spending cuts, White House economic adviser Gene Sperling told CNBC.
Likely government budget cuts and the prospect for messy political fights over fiscal policy will weigh on the U.S. economy this year and hold growth to a tepid 2.4 percent, according to a new survey of forecasters published.
A major winter storm threatened to bring blizzard conditions to parts of the central Plains Monday, less than a week after record amounts of snow blanketed the region.
Add the 16 percent who say they have neither credit card debt nor savings, and 40 percent of the population says they are close to the edge of ruin.
The White House issued more dire warnings about the harm the cuts will do to Americans, breaking down the loss of jobs and services to each of the states.
Some tax loopholes and deductions are under immediate scrutiny in efforts to cut the deficit and raise revenues. But questions remain on whether closing or reducing deductions will raise revenues and make the tax code fairer.
Pimco Founder Bill Gross called out the Federal Reserve on its vigilance in three major areas, during a CNBC interview.
The euro zone will not return to growth until 2014, the European Commission said on Friday, reversing its prediction for an end to recession this year.
Despite an increasingly large Fed balance sheet, a top official at the central bank said the fear of losing money should not stop it from providing aggressive support to the U.S. economy now.
More American workers called in sick in January than during any month in nearly five years, the Bureau of Labor Statistics said this week.
The Federal Reserve's "very aggressive" easy money policy is going to stay that way for a "long time," St. Louis Fed President James Bullard told CNBC on Friday.
Homeowners who received help on their second mortgage are still facing foreclosure on their first mortgage, according to housing advocates, the New York Times reports.
China's central bank moved earlier this week to drain liquidity from the market for the first time in eight months, leading to speculation over whether the world's second largest economy has embarked on a tightening cycle.
The focus on the sequester is obscuring the real issue which is the exploding cost of entitlements, Stanley Druckenmiller founder of Duquesne Capital, told CNBC.
Federal spending cuts scheduled to begin next week would slow economic growth in the next year, though not nearly as much as going over the fiscal cliff might have, economists say. The New York Times reports.
If you smoke, you might have to pay thousands extra for employee-based health insurance under Obamacare starting next year.
Americans under 35 are carrying substantially less debt than they were before the 2008 meltdown, according to an analysis released Thursday by The Pew Research Center. Yet they've also put off the big ticket purchases.