The Philly Fed president is the latest central banker to suggest that weakness in the labor market is only temporary.» Read More
Fed Chairman Ben Bernanke is expected to provide soothing words about the Fed's easy money policies, but markets may react more to new bearish concerns out of Europe.
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.
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.
An improving economy and projected lower deficits might brighten the climate for a deal. But that optimistic view ignores the remaining deep differences between the parties. NYT reports.
"It's going to look more like the rounding error in GDP," says one economist. "I think there is a lot more noise than light being shed on the sequester."
Long lines at the airport, food scarcities and a rise in identity theft are just some of the disasters awaiting Americans if sequestration goes through.
CNBC's John Harwood has information on outgoing Transportation Secretary Ray LaHood's feelings about the impact of sequestration on air travel in the U.S.
A U.S futures-market regulator said it will block Jon Corzine, the former chief executive of failed broker MF Global, from the industry unless he clears an investigation into his fitness as a participant.
CNBC's Mary Thompson reports tonight's latest headlines, including 15 Republican senators are sending a letter to President Obama asking him to pull Chuck Hagel's nomination for defense secretary.
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.
The Obama administration Wednesday mobilized the full force of the federal government in an effort to stop theft of trade secrets from American companies.
The White House is taking a cue from Silicon Valley and adopting what Mark Zuckerberg calls the "hacker way."
The public is only dimly aware of automatic budget cuts set for next week despite weeks of dire warnings from Washington, according to a poll.
With the White House and the Speaker's Office publicly throwing barbs at each other, Wall Street increasingly believes the federal budget cuts known as the sequester are likely to take effect March 1.
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.
Evidence of cyberstealing linked to the Chinese government is prompting the Obama administration to develop more aggressive responses to the theft of U.S. government data and corporate trade secrets.
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.
The bipartisan leaders of a presidential deficit reduction commission, dismayed by the failure of the White House and Congress to reach a deal saving $4-trillion over 10 years, upped the ante by pressing for an even larger "grand bargain."
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