The U.S. budget deficit narrowed sharply in November from a year earlier, which could further reduce Washington's taste for austerity.» Read More
Economists expect the US economy added about 540,000 jobs in May—mostly from Census hiring—and analysts hope that's enough to assure investors that Europe's debt crisis won't cause a double-dip recession.
Stimulus money that helped cushion some government job programs last summer is running out, and private employers are reluctant to hire, the New York Times reports.
The economy trudges ahead yet debt dogs many Americans, stressing them out even as they firm up their own financial foundations.
Fed Chairman Ben Bernanke says central banks round the world face a delicate tasks of dciding when to start boosting interest rates and reeling in all the stimulus pumped out during the global financial crisis.
As European politicians fight to contain the debt crisis, the United States could see a similar situation within the next decade, Josh Bolten, former Office of Management & Budget director told CNBC on Friday.
Banks aren't likely to ease lending standards anytime soon due to continued worries about delinquencies, according to a survey by FICO, a decision management and analytics firm that determines consumer credit scores.
Treasury Secretary Tim Geithner is urging Europeans to conduct some form of a banking stress test, a senior Administration official told CNBC Tuesday.
A survey of leading economic forecasters predicts the pace of U.S. growth will pick up in the year ahead as consumers and businesses accelerate spending.
Another month of positive numbers for U.S. manufacturing is moderated by persistent uncertainty on future business demand and shaky global markets.
Most states across the country saw an improvement in employment in April as jobless rates dropped from the previous month, according to government data realeased on Friday
Germany's ban on certain types short sellling should be adopted in the United States to prevent the type of volatility that hurts investor confidence, Bill Spiropoulos, CEO of Corestates Capital Advisors, told CNBC Thursday.
The following is an excerpt covering the Federal Open Market Committee's discussion of possible asset sales taken from the minutes of the FOMC's April 27-28 meeting, which were released on Wednesday.
Europe could be headed for a period of stagflation as governments struggle to reform their fiscal policies and growth weakens, investor Wilbur Ross told CNBC.
Connecticut Attorney General and U.S. Senate candidate Richard Blumenthal is defending himself against a report he misstated his military service in Vietnam.
Businesses boosted their inventories for a third straight month in March, a further sign that they are gaining confidence in the strength of the recovery.
Sales at U.S. retailers rose more than expected in April, lifted by a surprise gain in motor vehicle purchases, government data showed on Friday. Retail sales have now increased for seven straight months.
Although financial conditions in the United States have improved since the 2008 crisis, events in Europe show their fragile underside, a Federal Reserve official said Thursday.
New claims for unemployment benefits dipped for the fourth straight week, a sign the job market is improving at a glacial pace. Import prices rose 0.9 percent.
The European debt crisis has left markets vulnerable to any sovereign debt rating reports and ratings agencies have seen their influence mushroom in Europe.
The U.S. trade deficit rose to a 15-month high as rising oil prices pushed crude oil imports to the highest level since the fall of 2008, offsetting another strong gain in exports.