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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.
The US exposure to the European debt bailout could be at least $50 billion, but the chance of taxpayers actually being on the hook for that appears remote.
Europe's $1 trillion bailout fund might alleviate some of concerns that its debt problems could spread to the US, Philadelphia Fed President Charles Plosser told CNBC Monday
Jobs areas that had been lagging—employment of men and for those living in the Midwest—have shown an upswing in employment in recent months, the CEO of temporary placement agency Kelly Services told CNBC Friday.
The cause of the Dow's dramatic intraday market slide of nearly 1,000 points Thursday is still under investigation.