WASHINGTON, Jan 30- U.S. labor costs rose solidly in the fourth quarter, which could keep the Federal Reserve on track to raise interest rates this year. The Employment Cost Index, the broadest measure of labor costs, increased 0.6 percent after an unrevised 0.7 percent gain in the third quarter, the Labor Department said on Friday. Economists polled by Reuters had...» Read More
Evidence is mounting that the economy is taking a hit because Congress can't – or won't – deal with the 'fiscal cliff' looming at year's end. The fight on Capitol Hill last summer over the national debt limit also took an economic toll., the Christian Science Monitor reports.
Mitt Romney now says requiring all Americans to buy health insurance amounts to a tax, contradicting his senior campaign adviser who insisted days earlier it wasn't a tax.
When policy makers in Washington worry about Mexico these days, they think in terms of a handful of numbers: Mexico’s 19,500 hectares devoted to poppy cultivation for heroin; its 17,500 hectares growing cannabis; the 95 percent of American cocaine imports brought by Mexican cartels through Mexico and Central America, the New York Times reports.
Six years after Gov. Mitt Romney signed the nation's most ambitious health-care law, supporters say it holds promise for the long-term success of President Obama's plan.
It looks like a tax, smells like a tax, and the Supreme Court says it must be a tax. But politicians in both parties are squirming over how to define "it."
Millions of people in a swath of states along the East Coast and farther west went into a third sweltering day without power Monday after a round of summer storms that killed more than a dozen people.
Mitt Romney's campaign says it has raised more than $4 million within 24 hours of the Supreme Court's decision to uphold President Barack Obama's health-care law. The White House, meanwhile, is urging congressional Democrats to engage Republicans in a fight over taxes
President Barack Obama called the Supreme Court's ruling upholding his health-care reform "a victory for people across the country," while Mitt Romney said he will work "on my first day as president" to repeal the law if he's elected in November.
Wallce "Pop: Morris was ultimately caught after filing a total of $1.2 million in fake insurance claims.
The White House is preparing contingency plans if the Supreme Court declares part of President Obama's signature health care reform unconstitutional, The New York Times reports.
Oil fell to its lowest levels in a year and a half on Thursday, the outlook for oil remains weak and sanctions imposed on Iran are likely to make matters worse, Dan Yergin, co-founder and chairman of energy research consultancy Cambridge Energy Research Associates (IHS CERA) told CNBC.
New financial filings show that super PACS supporting Mitt Romney and his party are widening the money gap over struggling pro-Democratic organizations.
European policymakers should come up with a sweeping solution to stop the spreading of the debt crisis sooner rather than later, to restore confidence to markets, participants in a panel organized by CNBC at the Saint Petersburg International Economic Forum said on Thursday.
“Vehement partisanship” in U.S. politics has stopped the Right and Left from coming up with effective solutions to solve the current economic crisis, according to Woody Brock, author of “American Gridlock.”
President Obama has said the U.S. has a supply of natural gas to last nearly 100 years. But it turns out geologists and other researchers disagree on that supply figure, which has huge implications for America's energy policy.
U.S. energy producers' ability to pull natural gas from shale may have contributed to a price-dampening oversupply for now, but it’s also triggering tens of billions of dollars in capital investments.
Natural gas's real potential for economic impact lies in the vast reservoirs of shale gas that are newly accessible through hydraulic fracturing.
Amid cries for energy independence, fracking has become crucial to taking advantage of previously untapped resources. Take a closer look at hydraulic fracturing, and why the technology has become so important and controversial.
Environmental issues aside, the economics of natural gas may have already dethroned coal as the nation's key source of electrical power.
Natural gas has often taken a backseat to crude oil in the Texas energy business, but the advent of fracking shale gas has given it star billing in the Lone Star State — and the nation.