It's been a long, eventful, seven days for Greece. CNBC recaps the big events that unfolded during this week-long Greek drama.» Read More
World markets have behaved until now as if it were inevitable that Congress would raise the debt ceiling before the Treasury Department exhausts its ability to pay all of its bills in early August. The breakdown of negotiations Friday has jolted that sense of equanimity, the New York Times reports.
President Barack Obama and top congressional lawmakers Saturday attempted to salvage a deal to avoid a catastrophic debt default after a collapse in deficit talks left both sides angry and frustrated.
A suspected far-right gunman in police uniform killed at least 85 people in a ferocious attack on a youth summer camp of Norway's ruling Labour party, hours after a bomb killed seven in Oslo.
President Barack Obama and congressional leaders are scrambling to find a way ahead on a debt deal after House Speaker John Boehner threw negotiations into crisis by walking out less than two weeks before the deadline to avoid a potentially catastrophic default.
Those debt talks were moving along - until their latest stumble. Here's how to trade the ups and downs.
CNBC's Melissa Francis looks at the week's top business news and investing advice, including sovereign debt plays and tech stocks.
The US economy has been in recovery for two years, but the pace has been frustratingly slow, well below that of past rebounds from deep recessions and inadequate to repair the damage done by the crisis of 2008-’09. Every time it seems the recovery may be gaining traction, the momentum peters out... Still, the economy retains important supports.
Does Wall street have a problem with President Barack Obama? Not if his fundraising or reelection efforts tell us anything.
CNBC's Eamon Javers has the details on the new report on President Obama's fundraising efforts for his 2012 re-election campaign.
Greece's bailout gives a lift, but the dollar is missing the fun - time for your Friday FX Fix.
Banks across Europe are braced to take as much as 17 billion euro ($24.5 billion) of writedowns on their holdings of Greek sovereign debt within a matter of days.
If the debt ceiling does not get raised, the ramifications range from really bad to Armageddon. That's why the markets and pundits believe the debt ceiling will get raised. It has to. But here are the top five reasons the debt ceiling may not get raised.
Despite President Obama's optimistic words, an eleventh-hour breakthrough in deficit negotiations using the so-called "Gang of Six" plan doesn't seem to have a chance.
Senate Budget Chairman Kent Conrad said Thursday that it's impossible to enact the "Gang of Six" plan for spending cuts, a tax code overhaul and changes in benefit programs by the Aug. 2 default deadline, so a short-term extension of the debt limit is the most likely solution.
Today marks one year since the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was signed into law. One year since Rep. Barney Frank and former Senator Chris Dodd chose to ignore our concerns that this bill would stifle the recovery, harm job creation and crush Main Street America.
All eyes are turned towards the clock as the August 2 deadline for the US debt talks approaches. Treasurys investors could stand to benefit if Congress cannot agree to raise the debt ceiling.
Could it be? A euro debt deal may be finally in sight - time for your FX Fix.
Sen. Kent Conrad (D-ND) discusses the specifics included in the "Gang of Six" proposal to cut this country's enormous debt.
George Osborne has urged euro zone leaders to “get a grip” on the sovereign debt crisis at their summit today, warning that failure to do so could unleash an economic crisis as serious as the recession that followed the banking crash of 2008.
We are witnessing a classic restructuring negotiation. The Administration and Congress are negotiating a plan to restructure the federal government. The dynamics of the debt ceiling restructuring negotiations resemble corporate restructuring negotiations.