Argentina failed to strike a deal to avert its second default in over 12 years after talks with holdout creditors ended without a settlement.» Read More
Legendary hedge-fund manager Julian Robertson told CNBC Thursday that no US politician, whether Republican or Democrat, has the courage to make tough decisions that will boost the economy and get the country on the right track.
"It is easy to envisage QE2 giving way to QE3, QE4 and beyond because now that the Fed has started down this road again, it will be very hard to stop," says one economist.
The US Congress should focus on a medium-term plan to cut government debt to dispel fears about the world's biggest economy, Olivier Blanchard, IMF chief economist, told CNBC Thursday.
The tea party was about "60 percent positive" in Tuesday's elections, but Republicans will need to sharpen their message if the success is to carry through, former General Electric CEO Jack Welch said.
The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.
Read the full text of the statement from the Federal Reserve's Federal Open Market Committee issued on Wednesday following a two-day meeting on monetary policy.
The US Treasury Department will keep borrowing at about its current pace for the rest of this year, because of uncertainty about the economy and tax policy, the department said Wednesday.
U.S. private employers added 43,000 jobs in October compared to a revised loss of 2,000 jobs in September, a report by a payrolls processor showed on Wednesday.
The Federal Reserve is about to take a huge risk in hopes of getting the economy steaming along again. Nobody is sure it will work, and it may actually do damage.
Before the new-look Congress takes over in January, lame-duck legislators will have a big issue on their plate: What to do with those whose emergency unemployment benefits run out at the end of the November.
The size and timing of the Federal Reserves purchases of assets to boost the economy is uncertain. One reason could be because of an effort by the central bank to craft a policy that will account for two disparate forecasts that surround its base case of moderate growth.
Rand Paul, Republican candidate for Senate from Kentucky and Tea Party leader, called for the automatic sunsetting of federal regulations, unless they are approved by Congress.
Market participants are virtually certain that the Federal Reserve will announce a substantial amount of asset purchases at the conclusion of its November meeting on Wednesday, according to the latest CNBC Fed Survey.
Nearly 100 percent of economists and fixed-income and equity-fund managers expect the Federal Reserve to announce on Wednesday a large amount in quantitative easing (QE) to boost the economy, according to a CNBC survey.
When Michael Gazzarato took a job that required him to sign hundreds of affidavits in a single day, he had one demand for his employer: a much better pen, reports the New York Times.
The cost of tires, gloves and condoms is set to rise following a 65 per cent jump in the price of natural rubber in the past year, reports the Financial Times.
The Federal Reserve is all but certain next week to begin a multibillion-dollar effort to coax the recovery along, but privately, Ben S. Bernanke, the chairman, worries that more is needed to turn the sluggish economy around and revive employment, reports the New York Times.
The U.S. dollar has been gaining ground against other majors on mounting speculation the Fed's bond buying program may not be as aggressive as markets had initially priced in.
Falling home prices has made it harder for unemployed executives to relocate for a new a job, according to a report released Thursday.
Confusion over the ownership of foreclosed properties isn’t “about fraud, but process inadequacy,” Joseph Murin, a former president of Ginnie Mae, told CNBC Thursday.