CNBC's Sharon Epperson reports oil closed above $96 per barrel, the highest price since the end of October. And TransCanda's key pipeline will be operational by January 3rd.» Read More
CNBC's Eamon Javers has the story on President Obama apparently leaving talks abruptly.
Budget talks between President Obama and his GOP rivals are at a standstill, leading a top Republican to prepose giving Obama sweeping new powers to increase in the government's debt limit.
A prominent US senator has called for an inquiry into News Corp, the first indication that the scandal that hit the media organisation’s UK newspapers could spread to the US.
Virginia Gov. Bob McDonnell, (R) weighs in on how his state invested in job creation and made some tough decisions on budget cuts but is bearing the fruit of those decisions.
Former Virginia governor Douglas Wilder, (D) weighs in on the talks going on in Congress about debt talks and says Congressional leaders should stop blaming whose fault it is on why we're in this financial situation because a solution is far more important.
The Irish economic recovery has been held back by credit ratings agency Moody's downgrading its rating to junk status, Minister for Jobs, Enterprise and Innovation Richard Bruton said Wednesday.
The clock is still ticking for lawmakers in Washington trying to make a deal on the debt ceiling. Insight on where things stand right now, with Rep. Emanuel Cleaver, (D-MO) and Steve Forbes, Forbes Media.
Finding a solution to the euro zone crisis is such a complex task that investors, as well as many citizens of the European Union, have grown disgruntled with attempts to sort out the debt.
In the euro zone, the fiscal crisis is lapping on Italy’s shores. In the US, the administration declares it will run out of funding early next month if the debt ceiling is not raised. Far fewer Europeans than Americans believe public sector defaults are beneficial, according to the FT.
The small city of Central Falls, R.I., appears to be headed for a rare municipal bankruptcy filing, and state officials are rushing to keep its woes from overwhelming the struggling state, the New York Times reports.
The euro takes a beating and the trade deficit dents the dollar - time for your FX Fix.
Politicians are putting their political standings ahead of objective governance, says Dick Armey, FreedomWorks co-chairman, former House majority leader.
Italy's family savings will keep the country from defaulting, Alessandro Capuano, head of Italian desk at IG Markets, told CNBC Tuesday.
European bank stocks are now trading like technology stocks did before the bust of the early 2000s, Peter Toogood, Director of Investment Services at Old Broad Street Research, told CNBC Tuesday.
Politicians on Capitol Hill are playing with fire on the debt ceiling and need to accept responsibility for the debt crisis rather than engaging in a hypocritical debate on tax and spending, according to Jan Poser, the chief economist at Sarasin in Zurich.
Currency investors are currently debating the merits of a proposed plan to allow a tax holiday for big US multinationals that could see money pour back into America, potentially boosting the dollar.
U.S. Sen. Bob Corker wants trillions in spending cuts and sees no reason to avoid using the Aug. 2 deadline to put some "leverage" on the Obama administration.