The U.K.'s two main political parties are stepping on each other's toes, as the most closely-fought election for decades continues to move markets.» Read More
What is the debt ceiling and what happens if Congress decides not to raise it? CNBC's Economic Reporter Steve Liesman explains.
Former Vice President Walter Mondale laid blame on the tea party and GOP "hardliners" for the government shutdown and looming debt ceiling deadline.
Criticism that the vice president hasn't done enough to end the debt crisis might be unfounded, at least when U.S. history is taken into account.
Republican politicians are rightly worried that they are losing the hearts and minds of the American people. Here's how to win America back.
Gold settled higher on Monday as the U.S. fiscal impasse remained unresolved.
A failure of Congress and the White House to strike a debt deal could have profound consequences for the economy, economist Nouriel Roubini tells CNBC.
Today's debt ceiling debate has many precedents. But polarization and finances make this fight different, and the implications of a deadlock graver.
Republican Arizona Sen. John McCain said it was a mistake to link the debt fight to repealing Obamacare and pushed for the government to open again.
The former Texas congressman and presidential candidate says his worry is a breakdown of the entire system.
Despite continued dire warnings, money managers aren't trimming their portfolios--and some are even increasing exposure.
With the federal government pushing toward a budget default, big business groups are worried they have lost sway over the GOP majority in the House.
Treasury Secretary Jack Lew warned Congress on Thursday that a failure to raise the debt ceiling in a timely fashion would imperil the global economy.
Facing a looming federal default, the House GOP leadership will meet with President Obama at the White House on Thursday in a bid to resolve the budget deadlock.
The one-month U.S. Treasury bill yield spiked amid mounting concerns that the U.S. may not fulfill its payment obligations to short-term bond holders.
House Speaker John Boehner says he is willing to negotiate budget issues with President Barack Obama without any conditions.
Gold settled higher as a lack of progress among lawmakers to resolve a govt shutdown and raise the debt ceiling bolstered bullion's safe-haven appeal.
The White House signaled it would accept even a brief extension in borrowing authority to prevent an unprecedented default.
The biggest news this week revolves around the debt ceiling, deficits and defaults.
President Barack Obama says he doesn't expect Congress to breach the deadline to increase the nation's borrowing limit.
If the US were to default, retailers would "see it immediately because the consumer stops spending that day," Macy's CEO Terry Lundgren said.
Former MF Global CEO Jon Corzine is reportedly thinking about launching a hedge fund. The experts disagree on whether he'll succeed.
Just 68,000 people have signed up for HealthCare.gov plans during a grace period for those subject to an fine.
Alaska Sen. Lisa Murkowski plans to introduce legislation this year to end the ban on US oil exports.