CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil closed up on the day, and nat gas closed up, as well, while gold was down on the day.» Read More
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.
CNBC's Jane Wells takes a look at the big impact the Dodd-Frank law is having on one small derivatives trader.
Investors seem hopeful that something will actually come of this latest euro zone confab. But be careful what you wish for.
Four Plans and four probable outcomes from DC.
Bulls are running in Europe and kiwis are lifting off - time for your FX Fix.
Defying a veto threat, the Republican-controlled House voted Tuesday night to slice federal spending by $6 trillion and require a constitutional balanced budget amendment to be sent to the states in exchange for averting a threatened Aug. 2 government default.
Presidential campaigns are marathons, but time is running short for former Minnesota Gov. Tim Pawlenty. Once viewed as the principal rival to GOP front-runner Mitt Romney, Pawlenty has struggled with lackluster donations, weak poll ratings, a sub-par debate performance and new home-grown competition from Tea Party favorite Michele Bachmann.
Wynn Resorts CEO Stephen Wynn used his company's conference call to lay into the Obama administration, calling it the "greatest wet blanket to business and progress and job creation in my lifetime."
Two weeks before their final deadline, President Barack Obama and top lawmakers will face more pressure Tuesday for a debt deal amid a growing sense that a last-ditch plan taking shape in Congress may be the only way to avoid a devastating U.S. default.
As uncertain and unruly and disheveled as the debt-ceiling debate may be, there are still good grounds to reach a deal.
The Administration and many Republicans say they want big cuts - a “grand bargain” of up to $4 trillion. The Administration wants the cuts to be coupled with taxes. The Republicans will not vote in favor of raising the debt ceiling if taxes are included. And, this is the ideological divide. Will either side blink?