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  • How Sequestration Cuts May Pummel Housing Wednesday, 20 Feb 2013 | 10:04 AM ET
    A $50.7 billion Superstorm Sandy aid package was voted through the House of Representatives recently. The funding would be spent on New York and New Jersey transit systems and for the Federal Emergency Management Agency's disaster relief fund.

    Massive government budget cuts set to go into effect March 1 would be, "deeply destructive" to all aspects of the housing market, US Secretary of Housing and Urban Development Shaun Donovan told a Senate panel last week. Here's why.

  • Housing Starts Off, but Permits Grow; PPI Tame Wednesday, 20 Feb 2013 | 9:41 AM ET

    Groundbreaking to build new homes fell in January but new permits for construction rose to a 4 1/2-year high, reinforcing expectations the housing market will support economic growth. An inflation indicator, meanwhile, remained tame.

  • US CEO Blasts 'Three Hours a Day' French Workers Wednesday, 20 Feb 2013 | 8:44 AM ET

    The head of U.S. tire maker Titan launched a vitriolic attack on French productivity after the country’s government suggested he buy a factory in the north of France.

  • Mortgage Applications Fell Last Week as Rates Rose Wednesday, 20 Feb 2013 | 7:12 AM ET

    Applications for U.S. home mortgages fell for a second straight week as both refinancing and loan requests for new mortgages eased last week, an industry group said on Wednesday.

  • Obama’s Dire Forecast on Cuts May Not Be So Grim Wednesday, 20 Feb 2013 | 6:37 AM ET

    President Obama painted a picture of immediate devastation from spending cuts set to take effect March 1, but other officials anticipate more gradual reductions, the New York Times.

  • Obama Warns Sequester Will Cause Job Losses Tuesday, 19 Feb 2013 | 12:45 PM ET
    President Barack Obama

    President Barack Obama is calling on Republicans to back a Democrat plan that would offset the sequester, warning that otherwise "people will lose their jobs."

  • Boomers' Credit-Card Profile Resembles Gen Y's Tuesday, 19 Feb 2013 | 10:46 AM ET

    Low- and middle-income households of Americans over 50 have an average balance of $8,278, more typical of young parents or college students.

  • As Economy Recovers, Tough Times for 'Repo Men' Tuesday, 19 Feb 2013 | 10:05 AM ET
    Personal items left in repossessed vehicles await collection by their owners.

    With the economy edging upwards, more car buyers are keeping up with their auto payments or coming up with the cash if the repo man appears. And that's more bad news for mom-and-pops that rely on repo work.

  • Home Builders Get Jitters for First Time in a Year Tuesday, 19 Feb 2013 | 10:00 AM ET
    Workers build a house at Davidson Communities LLC's Arista at The Crosby development in Rancho Santa Fe, California, U.S.

    After showing steady and healthy gains through much of last year, home builder sentiment took a step backward in February.

  • 'Go Big or Go Home' on Spending Cuts: Simpson Tuesday, 19 Feb 2013 | 8:38 AM ET
    Alan Simpson (l.) and Erskine Bowles

    Erskine Bowles and Alan Simpson proposed a new tax plan in hopes of finding a middle ground between Democrats and Republicans on deficit reduction.

  • Langone: Obama's Debt Fix Is ‘Generational Theft’ Tuesday, 19 Feb 2013 | 8:08 AM ET
    President Barack Obama

    The nation's debt as a percentage of the economy is going to cause a fiscal storm, Home Depot founder Kenneth Langone told CNBC.

  • President Barack Obama will make a fresh push to force Republicans to make concessions that will head off budget cuts that appear to kick in starting on March 1.

  • Traders Are Watching to See If the Consumer Stumbles Monday, 18 Feb 2013 | 6:12 PM ET

    After that Wal-Mart email leaked, traders will be watching to see if the payroll-tax increase trips up the consumer. Plus, a trio of housing reports and Fed minutes.

  • Why 8% Unemployment, or More, Could Lie Ahead Monday, 18 Feb 2013 | 6:17 AM ET
    The unemployed look for job opportunities at the South Florida Workforce center in Miami, Florida.

    Severe fiscal tightening in the U.S. will lead to no growth or a contraction in the first two quarters of 2013 and will push unemployment over the 8 percent level, according to Lombard Street Research.

  • Millionaires Say They’re Better Off Than in 2007 Saturday, 16 Feb 2013 | 9:12 AM ET

    American millionaires say they are better off than they were at their 2007 peak.

  • 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.

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