U.S. consumer prices rose in June as the cost of gasoline surged, pointing to a gradual build up of inflationary pressures.» Read More
Private-sector jobs fell by 22,000 in January, the smallest loss since employment began dropping in 2008 and even better than expectations, according to the ADP National Employment Report.
The key to economic progress is not a revenue equation, but a spending equation, David Walker, former U.S. comptroller general told CNBC on Tuesday.
As costly as President Barack Obama's proposals to revive the economy are, they pale in comparison to the impact the recession has had on the federal budget and its astonishingly huge deficits.
While President Barack Obama is proposing to cut some taxes for companies that hire workers, his budget would raise a host of other taxes on businesses and wealthy individuals.
From more than 160,000 reports, the Recovery Board reported late Saturday that from October through December, 599,108 jobs had been directly created by stimulus money.
The following is a statement from the Federal Reserve following its Jan. 26-27 meeting.
As the vote on Ben Bernanke's reconfirmation nears, two congressmen and two senators offered their insights on the Fed chief's performance on CNBC Monday.
Unemployment rose in most states in December, reversing the recent improvement in many parts of the US, according to government data Friday.
US efforts to clamp down on big banks are likely the first in a line of global moves to curb risk-taking in the financial sector, Pimco's Mohamed El-Erian said.
President Obama has begun focusing greater attention on the nation's angst and anger over the economy, including unemployment, government expansion, Wall Street excesses and federal deficits.
In the new regime, the Fed Funds rate is unlikely to be the most important tool for setting policy.
Financial markets have failed to price in the remaining problems that bedevil an economic recovery, Pimco's Mohamed El-Erian told CNBC.
The S&P's downgrade of California's debt rating is a wakeup call to the state legislature, David Crane, special adviser for jobs and economic growth to Governor Arnold Schwarzenegger told CNBC on Thursday.
Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades.
Foreclosures jumped 14 percent in December 2009 from the previous month, according to a new report from foreclosure listing Web site RealtyTrac.com.
Government news on employment is more about spin than actual substance, Lawrence Lindsey, former director of the National Economic Council and CEO of the Lindsey Group told CNBC on Wednesday.
US GDP would have been negative at the end of 2009 and unemployment would be well over the current 10-percent, if not for the $787 billion Recovery Act, according to the Council of Economic Advisors.
Financial stocks could feel the heat when several major bank CEOs testify before a government commission investigating the financial crisis. Google will also be in focus after it said that it may exit China.
A potential wave of new regulation and higher taxes may be scaring many businesses from hiring, prolonging any rebound in employment, say business groups and economists.
The first major fourth quarter earnings report was a swing and a miss. But analysts say it's still too early to dismiss the upcoming earnings season, and expect decent topline growth from report cards.