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The Federal Reserve has not run out of options to boost the economy and must focus on managing people's expectations to avoid a prolonged slump like Japan experienced, former Fed Governor Randall Kroszner told CNBC Tuesday.
The income gap between the richest and poorest Americans grew last year to its widest amount on record as young adults and children in particular struggled to stay afloat in the recession
Women made little progress in climbing into management positions in this country even in the boom years before the financial crisis, according to a report to be released on Tuesday by the Government Accountability Office, writes the New York Times.
Have you been working to boost your credit score before trying to get a mortgage? It may not yield the payback you expect.
The Federal Reserve will boost its balance sheet by about half a trillion dollars over a six-month period beginning in November and keep it inflated for up to a year, according to a survey of leading markets participants by CNBC.
Citigroup CEO Vikram Pandit will be paid a dollar again this year for 12 months of work, while other top executives at the bank are set to earn millions.
As gold tops $1,300 an ounce, lawmakers in Washington are aiming to ensure that consumers don't get trounced by bad gold deals.
To chip away at unemployment, former President Clinton proposed Thursday on CNBC that employers with open jobs hire a newly trained employee whose education is funded by the government.
New York City’s quasi-military $1.2 billion Department of Sanitation is the largest such municipal operation in the world.
U.S. banks should be able to meet new higher capital rules through future profits without crimping lending in a way that would harm the recovering economy, Treasury Secretary Timothy Geithner told a congressional panel Wednesday.
Herb Allison, the head of the government's $700 billion financial bailout program, is resigning.
The United States economy has lost more jobs than it has added in the past year even as the recession ended in June 2009. The New York Times reports.
Mayor Antonio Villaraigosa dismissed former L.A. Mayor Richard Riordan's gloomy prediction that the city will be bankrupt by 2014.
The Federal Reserve on Tuesday inched closer to fresh steps to bolster the sluggish US recovery, saying it stood ready to provide more support for the economy.
President Obama continues to propose an end to the Bush Tax cuts, which are set to expire at the end of December. The tax cuts were enacted in 2001 and 2003 under President Bush and lowered rates across the board on income, dividends and capital gains. The potential impact of a dividend hike—up to 20 percent or higher—is driving a sudden boom in business activity.
Velma Hart, who now-famously told President Obama at Monday's Town Hall that she was “deeply disappointed” with his attempts to revive the US economy, said on CNBC Tuesday that Obama is the “right man for the job.”
Read the full text of the statement from the Federal Reserves Federal Open Market Committee here.
As the FDA continues to take testimony over whether a genetically engineered salmon by Aqua Bounty is safe to eat, environmentally sound to raise, and whether it requires special labeling, there is a bigger question. Would anyone eat it?
Uncertainty about health-care costs and taxes is the rallying cry of some business leaders who say they’re putting off hiring and expansion till they know what those expenses will cost. Just how much weight that argument carries pitted New Jersey Governor Chris Christie against James Chanos founder of the hedge fund Kynikos Associates, on CNBC Tuesday.
The Fed resumed a debate Tuesday on whether to pump billions of dollars more into the sluggish U.S. economy, but was likely to hold off for now.