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Economy

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  • Incomes Flat in Recovery, but Not for the One Percent Saturday, 16 Feb 2013 | 9:04 AM ET

    New data show uneven benefits from the economic recovery of 2010-11, with a big rise for the highest earners and little change for others. The New York Times reports.

  • M-7 Technologies factory in Youngstown, Ohio.

    This city, long known as a Rust Belt community, has transformed into a hub for advanced manufacturing and technology.

  • Fed's Pianalto Expects US Outlook to Improve Friday, 15 Feb 2013 | 11:22 AM ET

    Federal Reserve's Sandra Pianalto says that U.S. economy could minimize risk by aiming for smaller sized balance sheet.

  • US Consumer Sentiment Improves Jobs Outlook Friday, 15 Feb 2013 | 9:57 AM ET

    U.S. consumer sentiment improved in February, buoyed by signs of more hiring, though worries heightened about a decline in future income, a new survey showed.

  • U.S. industrial production unexpectedly fell in January, weighed down by weak manufacturing and mining, according to a new report that was another sign of slow economic activity at the start of the year.

  • Vermont is a small state with just 660,00 residents, but getting the health insurance exchange here ready in time for the rollout of Obamacare in 2014 is still a very big job.

  • New York Manufacturing Posts Unexpected Surge Friday, 15 Feb 2013 | 8:37 AM ET
    M-7 Technologies factory in Youngstown, Ohio.

    Manufacturing in New York state expanded in February for the first time in seven months, boosted by a surge in new orders, the New York Federal Reserve said Friday.

  • House Moves to Extend Pay Freeze for Fed Workers Friday, 15 Feb 2013 | 8:07 AM ET

    House conservatives want to extend to a full three years the current freeze on cost-of-living pay increases for the nation's 2 million civilian federal workers.

  • Technology Whiz Kid Tackles Greek Tax Evasion Friday, 15 Feb 2013 | 2:44 AM ET

    Greece is pinning its hopes of boosting revenue from an antiquated tax system beset by massive evasion on Harry Theoharis, a boyish-looking 42-year-old who describes himself as an "IT monkey."

  • Weekly Claims Slide as Jobs Picture Strengthens Thursday, 14 Feb 2013 | 10:08 AM ET
    An applicant stands after meeting potential employers at a job fair in New York.

    The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a continued steady improvement in labor market conditions.

  • Mortgage Mess Still Mires US Housing Recovery Wednesday, 13 Feb 2013 | 11:17 AM ET

    President Obama says he wants more Americans to be able to save money by refinancing their mortgages. The trouble is that mortgage rates are rising.

  • Doug Oberhelman, CEO of Caterpillar.

    The battle to rein in spending and overhaul taxes is something that Washington's policymakers must work "to get off the front page," Caterpillar CEO Doug Olberhelman told CNBC on Wednesday.

  • Small Firms Weigh Big 5-0 Under Obamacare Wednesday, 13 Feb 2013 | 10:21 AM ET
    Pamela O'Hara, Batchbook

    Under proposed rules for the Affordable Care Act, companies with 50 or more full-time employees will be required to offer benefit plans, or face fines. CNBC's Bertha Coombs takes a closer look at one small business, Batchbook, navigating Obamacare.

  • Cut Coverage or Hours? Firms Face Obamacare Wednesday, 13 Feb 2013 | 10:01 AM ET

    For large retail and restaurant chains the big unknown in the year ahead is how much more they'll pay for health coverage. Employers with 50 or more workers who put in 30 hours a week will be required to provide health care coverage or pay a fine, under the Affordable Care Act.

  • US Business Inventories Tick Higher, but Miss Forecast Wednesday, 13 Feb 2013 | 10:01 AM ET

    U.S. business inventories edged up in December as sales pushed higher, confirmation that a slow pace of warehouse restocking weighed on economic activity.

  • Inflation Is Coming, Bank of England Warns Wednesday, 13 Feb 2013 | 8:36 AM ET
    bank-of-england-200.jpg

    Inflation in the U.K. will remain above target for the next two years, Bank of England governor Mervyn King warned on Wednesday, but tightening monetary policy was not the solution as it could push the economy deeper into recession.

  • Higher Taxes Put the Brakes on Retail Spending Wednesday, 13 Feb 2013 | 8:33 AM ET

    Retail sales barely rose in January as tax increases and higher gasoline prices restrained spending. Separately, import and export prices rose slightly less than expected in the month.

  • Detroit. Michigan

    Detroit Mayor Dave Bing, delivers speech on Wednesday to avoid losing much of his authority to a state takeover of the city's financial affairs.

  • Obama to Republicans: Can We Just Move On? Wednesday, 13 Feb 2013 | 3:17 AM ET
    President Barack Obama gives the State of the Union address on February 12, 2013.

    President Barack Obama tried to push past the fiscal battles that plagued his first term, as he laid out an agenda he hopes will shape his legacy.

  • Charles Plosser, President and CEO of the Federal Reserve Bank of Philadelphia

    The Federal Reserve should be more explicit about the likely future path of interest rates, a top Fed official said on Tuesday, saying that while the central bank's recent changes to guidance on interest rates are a step in the right direction they do not go far enough.

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