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It's the other U.S. debt problem. States are scrambling to close $114 billion in budget shortfalls over the next year and a half. For now, they can borrow at curiously low rates in the bond market — but they better hurry.
America may not make as many goods as it used to, but it's moving goods around at a pace not seen since before the recession.
For a vivid display of the current economic conditions, Pimco's Bill Gross harkens back to a 1981 Billy Joel song to assert that we're all living in "Allentown" now.
The RBC reported that consumer confidence rose 3.2 points from November at 45.2—the highest level since the recession began. Although the number is up, it’s still lower than the average, which is at 50.
Reports from the twelve Federal Reserve Districts indicate that the economy continued to improve, on balance, during the reporting period from early/mid-October to mid-November.
Planned job cuts for November were 28 percent higher than those reported for October, a report by global outplacement consultancy Challenger, Gray & Christmas showed Wednesday.
Legislatures around the country may have to make more spending cuts over the next couple of years because of dwindling help from the federal government and a slow recovery in tax revenue, according to a new report.
Technical analyst Charles Nenner, who sees a correlation between sunspots and the stock market and other types of activity, told CNBC Tuesday that there would be a major military conflict starting at the end of 2012 and early 2013.
Shipments of RVs, an economic indicator, for 2011 are expected to be up 8.2 percent from those this year. Currently, about 8.3 million households now own an RV.
More European countries will need bailouts until policy makers address the underlying causes of their financial problems, which include too much government debt and not enough spending controls, Pimco's Mohamed El-Erian told CNBC.
Ireland, North and South Korea, Congress and more - here's what you need to know for this week.
The Food and Drug Administration would have to step up inspections of food plants under legislation the Senate is expected to pass this week.
The world is on the brink of another financial crisis if the economic theories shaping today’s financial and public policy are not killed off, John Quiggin, author of "Zombie Economics: How Dead Ideas Still Walk Among Us," told CNBC Friday.
The US needs to take urgent action to cut its debt in order to prevent the next financial crisis, which may start in Washington, Sheila Bair, chair of the Federal Deposits Insurance Corp. (FDIC) wrote in an editorial in the Washington Post.
Tom DeLay, one of the most powerful and divisive Republican lawmakers ever to come out of Texas, was convicted Wednesday of money-laundering charges in a state trial, five years after his indictment here forced him to resign as majority leader in the House of Representatives, the New York Times reports.
It may not have felt like a red-hot summer, but in the three months between July and September, US businesses netted more money than in any quarter since the government started keeping records.
Stocks are getting ripped by North Korea and Ireland, with all the fears that go along with those two stories. People should not panic. A lot of good news out there is suggesting a strong economy, regardless of what the Fed says.
Read the full text of the minutes from the Federal Open Market Committee's November 2-3 meeting here.
The rebound in the U.S. economy until the third quarter was concentrated in the goods-producing sector of the economy, something quite evident in data on personal spending on durable goods, particularly compared to data for spending on services. Given the fact that the U.S. economy is a service-oriented economy, the composition of consumer spending had therefore been skewed unfavorably in terms of what is best for job growth.
States with some of the highest unemployment in the country showed some improvement in October, though the decline partly reflected an increase in people who gave up looking for work.