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The US government has inhibited economic growth by creating uncertainty about business costs, Dallas Fed President Richard Fisher told CNBC. Questions about healthcare expenses, for instance, have kept businesses from hiring new workers, he said.
Unemployment has shifted from a lagging indicator to a leading one and is warning government policymakers to confront problems in an economy mired in slow growth, Pimco co-CEO Mohamed El-Erian told CNBC.
The government should extend the Bush tax cuts to put money to work and help share prices, Dennis Gartman, founder of The Gartman Letter, told CNBC Wednesday.
Several NBA free agents are set to sign some giant contracts. Should ticket holders have a say in their pay? Share your opinion.
If you look at what’s going on in the real US economy, versus the public sector, the picture is pretty grim, according to Chris Whalen, managing director of Institutional Risk Analytics.
How do you think the markets, economy will fare? Share your opinion.
As the cash-poor states across the US struggle to pay their bills, two cities within especially distressed states—California and Pennsylvania—are emblematic of just how tough closing budget gaps can be. Vallejo, Calif. is in bankruptcy and, across the country, Harrisburg, Pa., the state capital, is insolvent.
The US will see more frequent recessions in this decade, Lakshman Acuthan, managing director of Economic Cycle Research Institute, told CNBC on Friday.
After a difficult day for the US economy and stocks, investors have yet another worry before the long holiday weekend: Friday's unemployment report.
Was the Wall Street character right? Does greed work? Share your opinion.
Former Federal Reserve Chairman Alan Greenspan said the recent stock market decline is “typical” of a recovery, and that international instability has more to do with the selloff than problems in the US.
A housing sector without Fannie Mae spacer and Freddie Mac is a possibility, Edward J. DeMarco, director of Federal Housing Finance Agency (FHFA), told CNBC Thursday.
At least I'm hoping there is no double dip. Data on capital investment and personal income has been encouraging but I think we are in a bearish frame of mind so that gets somewhat ignored. The negative gets emphasized when your mind set is that way.
Contracts for pending sales of previously owned homes plunged a record 30 percent in May, far more than expected, after a popular tax credit expired at the end of the prior month, a survey from the National Association of Realtors showed Thursday.
Estimates call for a loss of 10,000 jobs. What do you think? Share your opinion.
Planned job cuts in the US rose slightly in June, compared to May’s layoffs, staffing consultancy company Challenger, Gray & Christmas reported Thursday.
More than 1.3 million laid-off workers won't get their unemployment benefits reinstated before Congress goes on a weeklong vacation for Independence Day.
Governments should focus on stimulus rather than austerity in order to encourage business spending, Nobel Laureate and noted economist Joseph Stiglitz told CNBC Wednesday.
Economists say the Senate's rejection of another extension of jobless benefits could actually cause more people to quit looking for work, which could push down the US unemployment rate.
Stocks took a real drubbing today, with the Dow off 268 points and the major indexes basically falling 3 percent. Call it the double-dip trade. But are we really heading for a double-dip recession?