Austan Goolsbee, University of Chicago Booth School of Business, warns that growth will go down and unemployment will go up as a result of these forced budget cuts.» Read More
Campaign talk about taxes and deficits may have obscured what is arguably the nation’s biggest challenge: breaking out of a decade of income stagnation that has afflicted the middle class and the poor and exacerbated inequality, The New York Times reports.
GE Chairman Jeff Immelt warns Washington against diving over the "fiscal cliff," telling CNBC on Wednesday that the issue was a needless “distraction” at the wrong time.
Sanctions against Iran, imposed by the U.S. and the European Union, are important and effective but more needs to be done, according to Israeli Finance Minister Yuval Steinitz.
The final presidential debate was supposed to be about foreign policy, but the candidates often tried to shift the focus to domestic issues like the economy. And as the debate lurched back and forth around the world, the facts were sometimes taken for a ride.
Real estate magnate and Republican political figure Donald Trump told CNBC he has a major announcement to make Wednesday concerning the presidential race.
For the last couple of months, there has been a parlor game on Wall Street and in Washington about who will become the next Treasury secretary. After all, Timothy F. Geithner has made it clear he plans to be out of that office at the end of the year whether President Obama is re-elected or not, the New York Times reports.
Some Democrats in Congress are seeking to include an extension of the $120 billion payroll tax cut in negotiations over the looming “fiscal cliff,” shaking what had appeared to be a bipartisan consensus to allow the measure to expire as planned at the end of the year.
Two weeks before Election Day, a late surge in support for Mitt Romney has put him in a dead heat with President Obama, according to a new NBC News/Wall Street Journal poll.
The United States and Iran have agreed in principle for the first time to one-on-one negotiations over Iran’s nuclear program, according to Obama administration officials, setting the stage for what could be a last-ditch diplomatic effort to avert a military strike on Iran, The New York Times reports.
Two weeks before Election Day, President Obama and Mitt Romney are deadlocked at 47 percent among likely voters, a new NBC News/Wall Street Journal poll shows.
In a cease-fire of sorts, President Obama and Mitt Romney finally found something they could agree on during: Jokes about Vice President Joe Biden get big laughs.
Despite his improved national standing, Romney trails Obama by at least six points in two key swing states, according to the latest NBC/WSJ/Marist polls.
The incredible prosperity in North Dakota has happened during the Obama administration. However, the fear is that things might change in the next four years, especially when it comes to fracking.
President Obama kept his eyes on his opponent, whereas Mitt Romney’s gaze often strayed to moderator Candy Crowley. Exasperated by Obama's aggressive demeanor, Romney at one point asked her to intercede, calling, “Candy, Candy, Candy.”
It was a fact-checker’s dream. The two major candidates for president, standing practically toe-to-toe, with contradictory versions of a basic fact: the level of oil production on public lands.
Tuesday night kicked off the second of three presidential debates between President Barack Obama and Mitt Romney. Who do you think won? Vote here.
Alan Tonelson, Research Fellow, U.S. Business and Industry Council and Dennis Kelleher CEO, Better Markets discuss the Romney and Obama Presidential campaigns.
The system costs taxpayers an $70 billion per year. But fiscal costs are the tip of the “cost iceberg.” Using incarceration as a one-size-fits-all solution to every social quandary has led to a ballooning of our prison population to 2.3 million Americans behind bars—the highest per-capita rate in the world.
An Obama re-election could mean a continuation of subsidies for wind and solar power. Would Mitt Romney turn off the spigot if he wins?