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Allowing the Bush tax cuts for all income levels to expire at year-end would cut US economic growth by "well over a percentage point," Goldman Sachs chief economist Jan Hatzius told CNBC.
This week, as everyone talks about what went wrong at Lehman Brothers; think instead about what went wrong with Japan.
The President's economic stimulus plan is not what the country needs to generate jobs, Lawrence Lindsey, president & CEO of The Lindsey Group and former National Economic Council director, told CNBC on Friday.
The US economy will slow in the second half but return to more normal growth in the first half of 2011, James Bullard, president of the St. Louis Federal Reserve, told CNBC Thursday.
With stimulus programs no longer boosting the economy, growth will come to a standstill for the remainder of 2010 and feel like a return to recession, economist Nouriel Roubini told CNBC.
Those who live off their savings and investments are hit hard by falling interest rates, as corporations borrow cheaply and sit on the cash. The NYT reports.
It will take a while to see jobs come back in force after what he described as a “savage” recession, Treasury Tim Geithner told CNBC Wednesday.
The U.S. Federal Reserve Wednesday said it would conduct further term deposit facility auctions to prepare for an eventual exit from its ultra-easy monetary policy.
The strength in the shipping sector may indicate the US economy is in better shape than recent economic data suggests, according to Urs Dur, an analyst at Lazard Capital Markets.
Job openings rose in July after two months of declines, a positive sign that companies could step up hiring in the coming months.
The Fed's decision to buy more Treasurys may lead to inflation and other political and economic troubles, former Fed governor Frederic Mishkin told CNBC.
Despite the dose of optimism Friday's jobs number brought to Wall Street, the backbone of US employment remains weak at best.
As Wall Street recovers from the financial crisis, one business school in its backyard is changing the way it positions students for jobs.
Even when gathered at Italy's scenic Lake Como, experts offered a generally gloomy outlook for the economy—especially in the US.
Consider this a back-to-school checklist. Monitor how these unfold and we'll have a fine idea for autumn's direction.
Monthly US employment numbers are the most important set of economic data in the world, says HSBC's David Bloom.
A stronger yen is good news for German machinery and auto companies whose main competitors often are based in Japan. The New York Times reports.
The economic data released this week has been decidedly ambiguous, leading to sharp volatility in the stock and bond markets.
Why is anyone surprised about anything nowadays? With the current uncertainty in the world, the last thing that is reasonable is being surprised about any outcome.
Orders to U.S. factories managed a slight gain in July as a surge in demand for commercial aircraft helped offset widespread weakness in other areas.