April's U.S. budget surplus was bigger than a year ago and the government ran a much smaller deficit in the first seven months of the year, the CBO said.
Applications for U.S. home mortgages rose last week, fueled by demand for refinancing as interest rates fell to the lowest level of the year.
When beginning a new job, it's good to start fresh: Make a few changes and form a good impression. For new Treasury Secretary Jacob Lew, that meant closing some loopholes.
The long-term impact of rising unemployment among the young could be felt for decades, according to the International Labor Organization, which estimates that 73.4 million young people will be out of work in 2013.
The first of the big spring auctions began Tuesday night at Sotheby's, as bidders put money on their walls rather than in the shakier financial markets. The New York Times reports.
Dysfunction in Washington is one of the biggest drags on the U.S. economy, undermining confidence and crimping growth, Treasury Secretary Jack Lew says.
Electronic Arts reported earnings that fell short of analyst expectations but revenue and its outlook topped forecasts.
The Dow finished above 15,000 for the first time ever, confounding a chorus of critics who believe the market should do what it usually does — sell off in May.
Whole Foods beat on earnings and raised its full-year forecast, saying store sales had recently accelerated. Shares rose after-hours.
Mondelez beat on earnings and raised its full-year forecast, citing a benefit from a tax item.
JC Penney said it expects a sharp drop in revenue in the first quarter, citing strategies of ousted CEO Ron Johnson.
Disney reported earnings and revenue that beat Wall Street expectations for the latest quarter, on strength in its parks and recreation and studio businesses. Shares rose after hours.
Outdoor chefs are in for an unhappy surprise as the grilling season approaches: The price of beef is pushing up the cost of a backyard barbecue.
Tax attorneys say celebrities like Grammy Award winner Lauryn Hill are often sentenced and prosecuted more vigorously so that officials can send a message to the public.
Lending conditions, particularly for businesses, are beginning to thaw after five years of financial lockdown, according to a Fed survey.
CNBC gives you an exclusive glimpse inside a cyber war room on the front lines of the fight against hacking. Defense contractor Exelis is poised 24/7 to respond to threats.
BMW is recalling about 220,000 vehicles worldwide from model years 2002 and 2003 as part of a wider recall affecting airbags made by supplier Takata.
Home prices are defying gravity and expectations, which has some asking exactly how real they are and what is driving them. The answers lie, again, in the numbers.
U.S. stocks briefly broke into record territory on a wave of optimism for the global economy that also drove German stocks to an all-time high.
Nearly half of all workers across Europe, the Middle East, Africa and India think bribery and corruption are acceptable ways to survive an economic downturn, according to a report published by Ernst & Young on Tuesday.