*France has until 2015 to bring its deficit to 3 pct of GDP. PARIS, July 22- France will not accelerate cuts in public spending even though disappointing growth could make it difficult to meet EU fiscal targets, President Francois Hollande said.» Read More
CNBC's John Harwood gives an update on the budget negotiations, and says they're being held up by some unlikely issues.
Discussing whether the ECB is jumping the gun and the Fed is lagging, with Keith McCullough, CEO, Hedgeye Risk Management. For places like Portugal, Greece and Ireland, he says, things will end badly.
Headlines, comps and CNBC's Silvia Wadhwa discusses the ECB's decision to raise interest rates by a quarter point.
Discussing the European Central Bank's decision to raise rates by a quarter point, with CNBC's Steve Liesman. U.S. economists don't necessarily agree it's a good decision, but others question whether Bernanke and the U.S. Fed are actually behind the curve. MIT Sloan School Dean David Schmittlein also weighs in.
Stephen Roach, Morgan Stanley Non-Executive chairman & Yale senior lecturer, discusses this recovery and why it's different. He also talks about the possibility of an ECB rate hike, and the role of the Fed in the financial crisis.
Tres Knippa, LotusBrokerage.com, discusses whether the Fed should follow the ECB and raise interest rates, or whether the ECB is jumping the gun. He also discusses the possible government shut down and offers advice on how to trade a rate hike.
CNBC's Silvia Wadhwa reports from Frankfurt on the expected rate hike by the ECB. Many see it as a warning that countries have to be responsible for getting their own fiscal houses in order. And John Harwood reports on a new NBC-Wall Street Journal Poll. Also, a look at the weather forecast for The Masters in Augusta, Georgia.
A roundup of the day's news with CNBC's Joe Kernen & Becky Quick. Including a rally in Portuguese bank stocks after the country asks for a bailout, Moody's warning it could cut UK banks senior debt ratings and another strike in Greece. Also, Libya accuses the British of striking an oil pipeline.
Portugal has finally gone cap in hand to the European Union, the European Central Bank is about to raise rates and the market is obsessed by Fed speak and looking for clues on when the second round of creating money — or quantitative easing — will come to an end.
After months of speculation, Portugal last night accepted what many had claimed has been inevitable since the fourth quarter of 2009 and went cap in hand to the European Union as its borrowing costs became unsustainable following another big jump in yields.
Both parties face significant political risks if they fail to resolve their budget disagreements and avert a government shutdown, a new NBC News/Wall Street Journal poll shows.
An update on the budget battle showdown and insight on the potential impact of a possible government shutdown on equity markets, with Chuck Gabriel, Capital Alpha Partners; Keith Wirtz, Fifth Third Asset Management, and CNBC's Hampton Pearson.
A federal government shutdown might not dent the dollar too badly, especially if it's short. But when the debt-ceiling debate rolls around, watch out.
The long-term budget path outlined by House Republicans may shake up this year’s already contentious budget debate as well as next year’s presidential politics, the NY Times reports.
House Speaker John Boehner responds to President Barack Obama's statements about budget negotiations. Boehner is to meet with Senate Majority Leader Harry Reid this afternoon.
Are the major cuts being proposed by Republicans really going to be good for a slowly improving economy, with Michael Farr, Farr, Miller & Washington, and Vince Farrell, Soleil Securities. And what happens if the government actually shuts down?
The Republican budget proposal will eliminate the national debt while still preserving costly entitlement programs like Medicare and Social Security, Rep. Paul Ryan told CNBC.
Rep. Paul Ryan (R-Wisc.) Budget Committee chairman, discusses his proposal to cut $6 trillion from the budget and, he says, save Medicare and Medicaid.
Texas Instruments is planning to buy National Semiconductor for $25/share, or a total of about $6.5 billion. Meanwhile, Moody's downgrades Portugal's debt. And the Federal government makes contingency plans in case of a shut down.
"A player on a sports team might prefer a particular strategy, but it's the coach's opinion that matters the most," said DRW Holdings market strategist Lou Brien, in a research note.