CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Nervousness over economic data helped drive oil prices lower. Geopolitics has not been a factor. Nat gas was up slightly on the day. And gold was slightly lower, as well.» Read More
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.
CNBC's Michelle Caruso-Cabrera has the details on Treasury Secretary Timothy Geithner's trip to Poland to meet with Eurozone finance officials.
The recession call is not conclusive. I’m the first to admit it. And my optimistic instincts rebel against the downturn scenario. But facts are facts. They must be reported. And the numbers aren’t good.
The problem is, the President and Republicans do not agree on raising taxes for economic growth, says Rep. Eric Cantor (R-VA).
Euro leaders squabble and the Russian ruble is rocked - it's time for your Friday FX Fix.
A collapse of Europe's monetary union would likely lead to a breakup of the European Union as a whole, posing significant risks to the region and even raising the possibility of war in the long term, Poland’s Finance Minister told CNBC.
Alexandra Lebenthal, CEO of Alexandra Lebenthal, told CNBC she was pleased by yesterday's coordinated dollar injections by five central banks. "Global markets are so connected that there has to be a concerted effort on what to do," she said.
The coordinated injection of dollars into banking systems by five of the world's largest central banks is the biggest news in the markets, Valentijn Van Nieuwenhuijzen, head of strategy at ING Investment Management, told CNBC.
House Speaker John Boehner is calling for tax reform. In a speech today at the Economic Club of Washington, Boehner stressed the need to close loopholes and not raise income taxes that would hurt job growth.
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.
I think there are parts of the President's jobs plan where we can find some common ground, say House majority leader, John Boehner, discussing the similarities and differences in his plan to put Americans back to work and the White House plan.
IMF Managing Director Christine Lagarde made remarks at The Ronald Reagan Building in Washington ahead of the annual meetings of The World Bank and IMF. Lagarde said, "It is a dangerous phase of the crisis. But equally I think there is a way out and path to recovery."
House Speaker John Boehner presents the Republican jobs plan to the Economic Club of Washington. CNBC's John Harwood has the details.
Mortgage rates hit yet another record low this week, 4.09 percent on the 30-year fixed, according to Freddie Mac. This will only fuel President Obama's recent proposal to refinance more Americans into these lower market rates.