Italy's prime minister is facing another vote of confidence on Wednesday sparking concerns that the government is "fiddling while Rome burns."» Read More
Jim Cielinski, head of fixed income at Threadneedle, says there needs to be greater evidence of fiscal union in order to restore investor confidence.
Vasu Menon, VP, wealth management at OCBC Bank says Italy's lack of political willpower to execute austerity measures is the reason behind the recent downgrade.
As President Obama called on Congress today to adopt his “balanced” plan on entitlement cuts, tax increases and war savings to reduce the federal deficit. Former President Bill Clinton sat down with Maria Bartiromo today to discuss jobs, global economies ahead of his annual Clinton Global Initiative Meeting in New York.
It could almost make your head spin. With an economy on the front end of another recession, President Obama’s tax attack on the folks who are most likely to succeed, invest, start new businesses, and create jobs is nothing short of staggering. Only liberal-left class-warfare ideology can explain this.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Director of the OMB Jacob Lew and Treasury Secretary take questions from the media about the President's jobs plan as well as his just announced deficit-reduction plan.
Chairman Ben Bernanke changed this weeks Federal Reserve meeting from one day to two. He has to have a good reason, right? He said there is a lot to discuss, but there usually is. These guys are not without ego and want their say, and the Chair wants more time.
Over the 100 years from 1950 to 2050, this decade will be seen as the "inflection decade" as both the developed and emerging economies make radical changes to adapt to a more dominant Asia, Anil Gupta, professor of strategy at University of Maryland told CNBC Monday.
Frau Merkel lost another election. This time the one in the capital, in Berlin. That is, at least, the headline that tops most of the news on the outcome of this, the seventh regional election in Germany this year.
European governments will wait until the "last minute" to reach an agreement on the second Greece bailout, but will get there, Anil Gupta, professor of strategy at INSEAD, told CNBC.
Ministers are set to be told this autumn that a £12 billion ($18.8 billion) black hole has opened in the public finances, in a forecast that threatens to derail the coalition’s deficit reduction strategy and prolong austerity well into the next parliament, reported the FT.
A strike deadline came and went Sunday night for Southern California grocery workers, but no one was walking off the job just yet as negotiations with supermarket chains continued and looked like they could last into the night.
The former IMF chief admitted to a “moral failing” but denied he had sexually assaulted a New York hotel maid in a widely-anticipated interview on French television.
The president on Monday will call for a new minimum tax rate for individuals making more than $1 million a year that will replace the alternative minimum tax and ensure that the wealthy pay at least the same percentage of their earnings as middle-income taxpayers, the New York Times reports.
President Obama will propose a "Buffett Tax" on people earning more than $1 million a year when he unveils his deficit plan on Monday, the White House said.
Moody's Investors Service Friday left Italy's Aa2 foreign sovereign currency credit rating unchanged but reiterated that it remained on review for a possible downgrade.
Brazil's President Dilma Rousseff has championed a co-ordinated purchase of euro zone debt from the world's emerging economies. But with a less than enthusiastic response from Russia and China so far, have the proposals already fallen flat ahead of a Thursday meeting in Washington? Slim Feriani, CEO at Advance Emerging Capital, joined CNBC for a discussion.
When Europe sneezes, other markets get a cold. Just watch the Australian dollar.
In the new book, the authors examine past attempts to re-establish sustainable public finances - what works, what doesn't and why.
The Obama administration was worried about the financial health of a troubled solar energy company even as officials publicly declared the company in good shape, newly released emails show.