As Congress met before a four-day weekend, Republicans and Democrats alike discussed legislation likely to go nowhere. The Fiscal Times reports.» Read More
The debt ceiling debacle and the latest Greek bailout deal are almost behind us, but euro and dollar investors still aren't happy.
After the drama of the debt ceiling talks which went down to the wire, investors are now refocusing on the sharp slowdown in the US economy, as downgrades of historical growth estimates show how weak the recovery has been.
So markets finally have a deal on the US debt ceiling, and it has been passed by the House of Representatives, but was all the fighting over how to cut spending really worth it?
Equity markets are set for another risk-on phase following Washington’s last minute agreement on raising the debt ceiling, according to Mike Lenhoff, chief strategist at Brewin Dolphin Securities.
A new round of fiscal warfare is in store for the US over the coming months as a new congressional committee is formed to find extra savings from the most sensitive areas of the budget, the FT reported.
CNBC's Eamon Javers, John Harwood & Tyler Mathisen detail the latest out of Capitol Hill on the debt ceiling vote.
House speaker, John Boehner, along with other GOP leaders hold a news conference on the pending debt agreement.
Discussing the pending debt deal and what it means for the markets, with Chris Cordaro, RegentAtlantic Capital, and Peter Boockvar, Miller Tabak & Company.
CNBC's Eamon Javers has the latest details on the debt deal agreement.
With the debt ceiling crisis looming, we are at risk of losing the momentum America has gained toward energy independence and achieving a cleaner, greener future.
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.