Obama was expected to sign legislation implementing new sanctions on Russia over its activities in Ukraine by the end of the week, the White House said.» Read More
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.
If Congress fails to raise the debt ceiling, the Treasury Secretary will have to figure out how to make due with a third less in government funds.
The stalemate over U.S. budget talks has foiled U.S. President Barack Obama's plans to travel to Asia this weekend.
Speaker Boehner's spokesperson reacted to a NYT article by saying 'Speaker Boehner has always said that the United States will not default on its debt.'
European leaders have garnered thinly veiled—and sometimes overt—criticism from across the Atlantic for how they've navigated their domestic crises.
Forget the shutdown, Wharton School professor Jeremy Siegel said Tuesday, because markets are more concerned about the debt ceiling.
"The idea of putting the American people's hard-earned progress at risk is the height of irresponsibility and doesn't have to happen," Obama said.
Obama said allowing a shutdown would be the "height of irresponsibility" and that Congress can't shut down his health-care law.
Disputes with the Republican-run House and among GOP lawmakers themselves ensure that the battle will spill into the weekend, and quite possibly beyond.
Dennis Gartman told CNBC.com that he's the most positive he's been on stocks in months.
Low rates helped spur a feeding frenzy of corporate borrowing in September, driving debt offerings to an all-time high.
Gold settled under $1,325 on Thursday, as the dollar held firm after weekly jobless claims data showed an improving U.S. labor market.
A solid majority of Americans oppose defunding the new health care law if it means shutting down the government and defaulting on debt.
President Obama called House Speaker John Boehner Friday night, saying that he won't negotiate on the debt limit.
A new case before the Supreme Court seeks to raise limits on political donations.
President Obama has named Jeffrey Zients as an economic advisor in a shakeup as the White House struggles to gain traction for its economic agenda.
High-cost, short-term car title loans are leading people to take out risky lines of credit.
The Russian will offer dollar and euro loans to banks that put foreign-currency loans to major exporters up as collateral.
Calling all millennials: The future of the housing market is resting on your shoulders. The good news: There’s never been a better time to buy a home!
Obama's immigration order means $8 million in new lease payments and $40 million in salaries. The NYT reports.
Some 13 Port Authority cops could end up earning around $300,000 or more each this year, the Bergen Record reported.
Washington state's minimum wage will rise to the highest in the nation on Jan. 1.