*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
Nouriel Roubini, the New York University economist who gained renown for predicting the financial crisis, sees dark days ahead for the yen.
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.
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.
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.
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.
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.
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.
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.
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.
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.”
Poll: Will a sustained $100 oil crimp the global economic recovery?
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.
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.
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.
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 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.