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The American public believes that Washington is failing on fiscal responsibility, David Walker, former U.S. comptroller general told CNBC on Wednesday.
Markets are hanging on Friday's December employment report, which some economists say could show job growth for the first time in two years.
Even Americans who are lucky enough to have work in this economy are becoming more unhappy with their jobs, according to a new survey that found only 45 percent of Americans are satisfied with their work.
U.S. consumers and businesses are filing for bankruptcy at a pace that made 2009 the seventh-worst year on record, with more than 1.4 million petitions submitted, an Associated Press tally showed Monday.
Business activity in the U.S. Midwest expanded less robustly than originally thought this month, an industry association reported Thursday, and the sector's employment recovery failed to reach expansionary territory.
Expect to see job growth in the Jan. 8 jobs report and say goodbye to 10 percent unemployment in the New Year, John Herrmann, president of Herrmann Forecasting, told CNBC Tuesday.
US gross domestic product could grow at an annual rate of as much as 3 percent next year as consumers and businesses start to regain confidence, Peter Cardillo, chief market economist from Avalon Partners, told CNBC Tuesday.
As interest rates are set to rise, investors should position themselves away from bonds to avoid being caught in a severe fall in prices, Dan Deighan, founder of Deighan Financial Advisors, told CNBC Tuesday.
Millions of homeowners borrowed from the house to improve their standard of living. Now, unable to count on rising home values, they can't get home-equity loans.
The number of workers filing new applications for jobless benefits fell last week to the lowest level in more than 15 months while orders for big-ticket goods posted a small increase.
Many traders expect a rally to drive the market higher through year end. But the big questions are what does the first quarter bring when absent investors return to their desks? And what do investors do to prepare for that?
With so much focus on job creation, there is a huge elephant in the Recovery Act room: fraud and waste. According to the Association of Certified Fraud Examiners, organizations lose seven percent of annual revenues to fraud. If you apply that metric to the Recovery Act, that's $55 billion dollars.
The percentage of job seekers starting a business has doubled in this recession. Here are some laid-off professionals turned happy, successful entrepreneurs who give new meaning to economic recovery.
The risks of a second leg down for the economy is small but the economy, especially the housing sector, still has a long way to go before it reaches recovery, Harvard Professor Kenneth Rogoff told CNBC Wednesday.
Stocks should make a more subdued move higher in the coming year, and the Fed is not likely to raise interest rates until at least mid-year.
"We’re getting a snapback that, when judged with those from other deep recessions, is pitiful,” quips one economist who compares the economy to a patient recovering from a near fatal auto accident.
The U.S. economy grew at a much slower pace than initially thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, according to data on Tuesday.
The economy will continue to grow over the next few years, though unemployment will remain high and inflation tame, so there's "no urgent need" for the Federal Reverse to change its low-interest rate policy, Chicago Fed President Charles Evans told CNBC
One of the biggest challenges to ending the foreclosure crisis is this: A surprising number of homeowners who get their monthly payments reduced fall behind again within a year.
Nobel Prize-winning economist Joseph Stiglitz warned there's a "significant" chance the U.S. economy will contract in the second half of next year, and urged the government to prepare a second stimulus package to spur job creation.