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Deficits

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  • Dr. Doom Is Gloomy About the Yen Tuesday, 15 Mar 2011 | 11:22 AM ET

    Nouriel Roubini, the New York University economist who gained renown for predicting the financial crisis, sees dark days ahead for the yen.

  • Stopgap Bill On Track, Buying Time for Budget Showdown Friday, 11 Mar 2011 | 12:20 PM ET
    US Capitol Building with cash

    Congressional officials in both parties say the House and Senate are on track to pass a three-week stopgap measure to buy more time for negotiations between the Obama administration and Capitol Hill Republicans on a longer-term budget bill.

  • S&P Cuts Nevada's Rating by One Notch Friday, 11 Mar 2011 | 5:41 AM ET
    Las Vegas, Nevada

    Standard & Poor’s on Thursday cut Nevada’s credit rating by one notch to double A, citing the state’s “severe economic cyclicality” and dependence on consumer spending.

  • Blog: Chronicle of a Policy Error Foretold Thursday, 10 Mar 2011 | 12:12 AM ET
    Jean-Claude Trichet

    One thing anyone with a high public profile and responsibility for delivering policy needs to remember is that if you don't want to unwittingly stick your foot in it, the best policy surely is to keep you mouth tightly shut.

  • Why the Euro Zone Will Survive Tuesday, 8 Mar 2011 | 11:51 PM ET
    EU building flags brussels

    The euro zone is highly likely to survive, albeit not without further turbulence, according to Martin Wolf from the Financial Times.

  • Government payouts—including Social Security, Medicare and unemployment—make up more than a third of US wages. “The U.S. economy has become alarmingly dependent on government stimulus,” says one economist.

  • China Talks a Good Game, but Will It Rebalance? Tuesday, 8 Mar 2011 | 3:55 AM ET

    Commerce Secretary Gary Locke is about to be made ambassador to China, according to numerous press reports. The move is indicative of the importance placed on Chinese relations by the White House and should be seen as a promotion for Locke.

  • 'Screwflation' and the Two-Headed Market Tuesday, 8 Mar 2011 | 3:45 AM ET
    NYSE Traders

    You can’t beat a bit of Roman mythology on a Tuesday morning, so an article by Doug Kass, the president of Seabreeze Partners Management caught my attention.

  • How Low Can the Dollar Go? Just Wait Monday, 7 Mar 2011 | 4:45 PM ET
    Dollar and Yen

    The dollar has further to fall, says David Skarica, author of "THE GREAT SUPER CYCLE: Profit from the Coming Inflation Tidal Wave and Dollar Devaluation." But the long-term outlook for the yen is rosier - and there is China.

  • In separate interviews, Ray Dalio of Bridgewater Associates, Warren Buffett, and Sam Zell all predicted that the dollar will face tough sledding in the months to come, affecting everything from Americans' standard of living to the growth of the smallest developing countries.

  • Congressional Republicans face a serious risk of political backlash from pressing their budget-cutting agenda at a time when Americans are more concerned about jobs, a new NBC News/Wall Street Journal Poll has found.

  • GOP to Offer Plan to Cut Entitlements: Rep. Ryan Wednesday, 2 Mar 2011 | 5:50 PM ET
    Rep. Ryan Paul from Wisconsin

    Republicans will present a plan to Congress next month to deal with the deficit by cutting entitlements, Rep. Paul Ryan, (R-Wisc.), chairman of the House Budget Committee, told CNBC Wednesday.

  • Union Pay Isn’t Busting State Budgets Wednesday, 2 Mar 2011 | 12:44 PM ET

    When Ed Rendell became the mayor of Philadelphia in 1992, he started a fight with the city’s labor unions that will sound familiar to anyone who has been following the recent news from Wisconsin. In his inaugural address, Mr. Rendell, a Democrat, announced, “Philadelphia stands on the brink of total disaster.”

  • Will Sustained $100 Oil Choke Off Global Recovery? Friday, 25 Feb 2011 | 2:55 AM ET

    Poll: Will a sustained $100 oil crimp the global economic recovery?

  • Labor Unions Are 'Bankrupting States': Sen. Johnson Wednesday, 23 Feb 2011 | 12:43 PM ET

    The collective bargaining process with public sector unions needs to be restructured to keep labor unions from “bankrupting states,” Sen. Ron Johnson, (R-Wisc.), told CNBC Wednesday.

  • Protesters fill the courtyard and steps outside the State Capitol building on February 16, 2010 in Madison, Wisconsin. Protesters were demonstrating against Wisconsin Gov. Scott Walker's proposal to eliminate collective bargaining rights for many state workers.

    The high-stakes fight in Wisconsin over union rights could have far-reaching effects on electoral politics in other states by helping solidify Republican power for years.

  • G20 finance ministers concluded meetings over the weekend in France where they highlighted the key role of exchange rates, monetary and fiscal policies in determining whether a country's policies lead to imbalances.

  • The Decade for Equities: Charles Kantor Friday, 18 Feb 2011 | 4:19 PM ET

    Charles Kantor, Managing Director and Portfolio Manager of the Kantor Group at Neuberger Berman, explains why waiting for a market pullback may be a fool’s errand – and why he thinks the rally might have much, much more to go.

  • Wisconsin Protesters Buoyed by Anti-Union Bill Delay Friday, 18 Feb 2011 | 11:29 AM ET
    Protesters fill the courtyard and steps outside the State Capitol building on February 16, 2010 in Madison, Wisconsin. Protesters were demonstrating against Wisconsin Gov. Scott Walker's proposal to eliminate collective bargaining rights for many state workers.

    Protesters who have descended on Wisconsin's Capitol in hopes of halting a Republican effort to end a half-century of collective bargaining rights for public workers steeled themselves for a long fight, buoyed by Democrats' decision to flee to avoid the measure's near-certain passage.

  • Illinois Governor's Budget Relies on Big Bond Sale Wednesday, 16 Feb 2011 | 3:39 PM ET
    Uncle Sam taking money out of your wallet

    Illinois Governor Pat Quinn Wednesday proposed a budget that largely depends on  selling more debt to pay off a pile of bills that have left Illinois' finances the weakest among U.S. states.