U.S. military involvement in Iraq will continue as the threat from ISIS is more dangerous than that from al-Qaeda, said Defense Secretary Chuck Hagel. NBCNews reports.» Read More
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.
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.