Labor unions are complaining Obamacare creates more income inequality. Former Clinton White House official David Goodfriend; Republican pollster & strategist John McLaughlin; and Paul Howard, Manhattan Institute senior fellow, discuss.» Read More
Following the last-minute debt deal agreed by President Barack Obama and congressional leaders, one strategist is predicting the rating agencies should downgrade US debt by two notches.
On a weekend of high drama, President Barack Obama finally managed to get congressional leaders on both sides of the political divide to agree on a compromise plan to raise the debt ceiling and avoid a potentially devastating default.
The UK economy will grow slower in 2011 than previously anticipated – 1.3 percent, compared to forecasts of 1.7 percent – and its 2012 growth will be a "modest" 2.2 percent, according to the Confederation of British Industry (CBI), an influential business organization.
If the rest of the country thinks that Washington has gone mad this summer, that is pretty much the view in this bewildered capital, too. The New York Times reports.
As August 2 nears, a debt-ceiling deal appears to be receding. Here's how to hedge against the Washington cacophony.
The House and the Senate are ready to rumble over debt plans. Here's how to trade the uncertainty.
The week's top business news and investment advice, including debt bets and commodities plays.
Real estate mogul Donald Trump said Friday he'd consider running for president — again — if the U.S. economy "continues to be bad: and "if the Republicans pick the wrong candidate."
The latest on Congressional leaders speaking out on debt talks, with CNBC's Eamon Javers and CNBC's John Harwood.
Paul McCulley told CNBC Friday that if he was still a portfolio manager at Pimco he would be "very concerned" in the short term about the inability of Congress and President Obama to reach an agreement on the debt ceiling by Aug. 2. But in the long term, McCulley said, "it wouldn’t disturb me, it would actually make me somewhat positive."
CNBC's Eamon Javers, John Harwood and Steve Liesman discuss the political ramifications surrounding the debt ceiling and deficit talks.
Mad Money host Jim Cramer asks Rep. Tim Huelskamp (R-KS), a member of the Tea Party, what he should tell his viewers who stand to lose a big chunk of their investments because of the debt ceiling debate.
In the short-term prospective, I'd be very concerned, this is a big event in terms on how the markets with readjust to a fundamental change in the rules of the game. Discussing the debt debate, with Paul McCulley, former Pimco portfolio manager/managing director.
Politicians knew this crisis was coming, says Rep. Steny Hoyer, (D-MD), who says the House speakers own members have now walked out on him.
A warning on Spain dents the euro and Japanese officials want the yen lower, thank you. It's time for your Friday FX Fix.
As Republicans failed to agree a plan to raise the US debt ceiling, Dennis Gartman, author of The Gartman Letter, warned that the US stock market was a dangerous place at the moment.
"The world’s financial system could face losses equivalent to that of Lehman’s failure by August 15, and then again on the fifteenth day and the last day of every month until default is rectified,” says one chief economist.
If all goes according to plan, the city of Vallejo will emerge from a three-year bankruptcy.
Japanese finance officials have been talking tough about the yen's rise. Whether they will do anything now is another matter.
While you've been busy watching the U.S. debt crisis unfold, there's a nice trading opportunity shaping up down-under.