WASHINGTON, Aug 27- The U.S. budget deficit for fiscal year 2014 will be an estimated $506 billion, a slight increase from the $492 billion projected in April, based on lower-than-expected corporate tax receipts, the Congressional Budget Office said on Wednesday.» Read More
Andrew Busch, BMO Capital Markets global FX strategist, discusses the economic factors that make the Swedish Krona so appealing right now.
As austerity measures kick in and the euro zone debt crisis begins to really bite voters where it hurts, in the pocket, extreme political parties are becoming mainstream, warns Dylan Grice, a strategist at Societe Generale in Paris.
The commodities bull run fueled in recent years by China's breakneck economic growth may be close to an end, according to one expert. But others feel a correction will only be short-lived.
The $38 billion in spending cuts agreed to last week won't prevent this year's budget deficit from setting another record high, estimated at $1.5 trillion.
CNBC's John Harwood reports on the rising federal budget deficit and how it will play in President Obama's speech tomorrow.
Lawmakers in Washington are embroiled in a heated debate about raising America's $14 trillion debt ceiling, which could have some dire consequences for the Treasury market if it's not increased, according to the former US Treasury chief restructuring officer.
White House press secretary Jay Carney said Republicans should not “play chicken with the economy.” The administration wants a prompt vote to raise the federal debt ceiling quickly. Carney went on to say, “The consequences of not raising the debt ceiling would be Armageddon-like in terms of the economy.”
Meg Whitman, former eBay CEO, lays out a plan to drive the U.S. economy towards four percent GDP growth.
CNBC's Bertha Coombs on the latest IMF report that says debt ratios are still rising in the U.S. The impact this has on the economy.
Alec Young, equity strategist, Standard & Poor's, and Joshua Feinman, chief economist, DB Advisors, discuss market valuations, targets, and the impact oil is having on the markets. Young believes oil would have to hit $200/barrel for it to impact the global recovery. Also, Feinman says it's events in the Middle East driving up oil prices and Fed actions wouldn't make much of a difference.
Looking ahead to first quarter earnings reports, following Alcoa's mixed results, announced yesterday, with Ashwani Kaul, Kaul Advisory Group, and Andrew Ross Sorkin, The New York Times. Also, the impact of high oil.
Discussing the government cuts, whether the debt limit will be raised, and Alcoa earnings. Also, a debate on taxes, trickle-down economics, the nuclear situation in Japan gets worse, and major Asian markets sell off as a result. Guests: Andrew Ross Sorkin, The New York Times and CNBC's Guy Johnson.
Discussing whether the Treasury should enforce a new spending limitation instead of a debt limit, with Rep. Allyson Schwartz, (D-PA) and Rep. Jason Chaffetz, Congressman, (R-UT).
The UK banking industry has begun to respond to the Independent Commission on Banking (ICB) interim report into the future framework within which they would have to work if they want to remain headquartered in the UK.
The UK’s true national debt is now £3,617 billion ($5,930 billion) or £138,359 ($226,807) per household, according to the latest figures from the Centre for Policy Studies, a centre-right think tank.
Washington shutdown fears are sinking the U.S. dollar, according to some news reports. Surely there’s something to this, as investor confusion rises and confidence falls, and as Washington seems to be gridlocked over a few billion dollars.
Discussing whether we will see a budget deal before tonight's midnight deadline, with Greg Valliere, Potomac Research Group, and Tony Fratto, former White House deputy press secretary.
As the U.S. moves closer to the so-called "Fiscal Cliff", big ticket government spending areas like defense programs are likely to be at the center of the debate.
House Speaker John Boehner says there's no agreement on spending and that he believes the Senate should pass the stopgap spending bill.
Corky Crovato, Corky Products & Services; Jack Biddle, co-founder, NovakBiddle Venture Partners; and Alan Bubes, CEO, Linens of the Week, discuss what they doing with their own portfolios right now, as well as what has them most concerned.