House Speaker John Boehner says President Obama's tax plans and veto threats "just aren't the wrong policies, they're the wrong priorities."» Read More
As Congress on the verge of voting on a debt deal, the U.S. is "heading toward a prolonged period of austerity" that could affect many sectors, most notably defense and health care, Chuck Gabriel, managing director at Capital Alpha Partners, told CNBC Monday.
The nation’s political leaders agreed on Sunday to spend and invest less money in the American economy, a step that economists said risks the reversal of a faltering recovery, in the hope of improving the nation’s long-term prosperity. The New York Times reports.
Moody's declined to comment about how it would react to the government's tentative deal, but it referred back to its latest report it released on the U.S. debt debate.
Pffffft! Even a deal on the debt ceiling only lifts the dollar briefly - it's time for your FX Fix.
The U.S. should choose to default instead of delaying the inevitable by raising the debt ceiling without dealing with the crux of the financial problems, David Murrin, chief investment officer at Emergent Asset Management told CNBC Monday.
Following the last-minute debt deal agreed by President Barack Obama and congressional leaders, one strategist is predicting the rating agencies should downgrade US debt by two notches.
On a weekend of high drama, President Barack Obama finally managed to get congressional leaders on both sides of the political divide to agree on a compromise plan to raise the debt ceiling and avoid a potentially devastating default.
The announcement by Barack Obama that a deal had been reached to increase the US debt ceiling late on Sunday night did not put to rest lingering questions about whether the agreement would overcome the most difficult remaining hurdle: passage of the legislation in the House of Representatives. The FT reports.
If the rest of the country thinks that Washington has gone mad this summer, that is pretty much the view in this bewildered capital, too. The New York Times reports.
As August 2 nears, a debt-ceiling deal appears to be receding. Here's how to hedge against the Washington cacophony.
The House and the Senate are ready to rumble over debt plans. Here's how to trade the uncertainty.
The House passed Boehner's debt limit bill, but the Senate could kill it tonight, with CNBC's John Harwood; Sen. Mark Udall, (D-CO); and Sen. Bob Corker, (R-TN).
The week's top business news and investment advice, including debt bets and commodities plays.
Should the GOP let the U.S. default on its debt? Donald Trump, Trump Organization chairman & president, weighs in on the art of cutting a debt deal.
Rep. James Lankford, (R-OK) defends his support of the Boehner plan and urges critics to read the bill.
A warning on Spain dents the euro and Japanese officials want the yen lower, thank you. It's time for your Friday FX Fix.
As Republicans failed to agree a plan to raise the US debt ceiling, Dennis Gartman, author of The Gartman Letter, warned that the US stock market was a dangerous place at the moment.
Navigating America’s fiscal swamp - even if investors don’t fall in - will not be pretty, according to Citi Chief Economist Willem Buiter.
"The world’s financial system could face losses equivalent to that of Lehman’s failure by August 15, and then again on the fifteenth day and the last day of every month until default is rectified,” says one chief economist.
As America’s largest foreign creditor, China has little option but to hope for the best and try to calm jittery markets in the event of a downgrade of US debt by the ratings agencies according to economists at Capital Economics.