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  • Debt Debate Was Messy, but Worth It: Economist Tuesday, 2 Aug 2011 | 5:15 AM ET
    US Capitol Building

    So markets finally have a deal on the US debt ceiling, and it has been passed by the House of Representatives, but was all the fighting over how to cut spending really worth it?

  • eu building brussels

    Amid signs that the European debt crisis -- which already has seen Greece, Ireland and Portugal seek aid from the European Union and International Monetary Fund -- is now spreading to Italy, analysts at Goldman Sachs are predicting that while painful, debt consolidation will succeed as soaring borrowing costs force governments to act.

  • Lack of Trust in Italy Puts Euro at Risk: Manager Tuesday, 2 Aug 2011 | 2:35 AM ET

    As the world waited for news on whether the House would pass the debt ceiling deal on Monday, stocks in Italy came under heavy pressure with the country's banks again seeing heavy losses.

  • Resistance Movement in Syria to Continue     Tuesday, 2 Aug 2011 | 12:35 AM ET

    Parag Khanna, Senior Fellow at New America Foundation gives his outlook on the Middle East.

  • More Fiscal Warfare on the Horizon Tuesday, 2 Aug 2011 | 12:32 AM ET

    A new round of fiscal warfare is in store for the US over the coming months as a new congressional committee is formed to find extra savings from the most sensitive areas of the budget, the FT reported.

  • US Debt Deal Positive for Obama     Monday, 1 Aug 2011 | 9:05 PM ET

    Christian Whiton, Principal at DC International Advisory, believes the U.S. debt deal is generally ineffective, although it does set the stage for U.S. President Obama in the 2012 elections.

  • Commodities Tomorrow     Monday, 1 Aug 2011 | 4:00 PM ET

    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.

  • With the debt ceiling crisis looming, we are at risk of losing the momentum America has gained toward energy independence and achieving a cleaner, greener future.

  • What the Debt Deal Means for the Dollar Monday, 1 Aug 2011 | 10:51 AM ET

    The debt deal's all well and good, but the dollar is still on track to weaken, this strategist says.

  • From Spending to Cuts, While the Economy Stalls Monday, 1 Aug 2011 | 10:06 AM ET
    Barack Obama meets for budget talks with congressional leaders July 10, 2011 in the Cabinet Room of the White House in Washington, DC, including House Minority Leader Rep. Nancy Pelosi (L), and House Speaker John Boehner.

    The nation’s political leaders agreed on Sunday to spend and invest less money in the American economy, a step that economists said risks the reversal of a faltering recovery, in the hope of improving the nation’s long-term prosperity. The New York Times reports.

  • Debt-Ceiling Deal Doesn't Lift the Dollar Monday, 1 Aug 2011 | 9:15 AM ET

    Pffffft! Even a deal on the debt ceiling only lifts the dollar briefly - it's time for your FX Fix.

  • Obama & Leaders Reach Debt Deal     Monday, 1 Aug 2011 | 9:13 AM ET

    Is this the compromise the country, markets and Washington has been waiting for? Insight with Rep. Vern Buchanan (R-FL) and Rep. Robert Andrews, (D-NJ).

  • Donald Trump: The Art of the Debt Deal     Monday, 1 Aug 2011 | 7:30 AM ET

    At some point in life, you have to balance the budget, says Donald Trump, Trump Organization chairman/president, who says the debt ceiling deal is more of a down payment and not an effort to balance the nation's budget.

  • 'Selective Default' Only Solution to US Debt: CIO Monday, 1 Aug 2011 | 6:42 AM ET

    The U.S. should choose to default instead of delaying the inevitable by raising the debt ceiling without dealing with the crux of the financial problems, David Murrin, chief investment officer at Emergent Asset Management told CNBC Monday.

  • Sunday night's deal that will see the US debt ceiling raised if it passes a vote in the House is merely a "band aid" and certainly not a game changer,  according to an assessment from Barclays Capital.

  • 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.

  • Obama Accused of ‘Surrender’ as Debt Vote Looms Monday, 1 Aug 2011 | 2:30 AM ET

    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.

  • UK Recovery Slower Than Expected: CBI Monday, 1 Aug 2011 | 2:18 AM ET

    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.

  • Nation Calls Capitol Mad, and It Agrees Saturday, 30 Jul 2011 | 3:18 PM ET

    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.