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Economy

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  • Economy Feeds on Workers Who Delay Retirement Friday, 25 Jan 2013 | 11:46 AM ET

    The share of Americans 65 and older in the labor force went from 12.1 percent in 1990 to 16.1 percent in 2010, according to new analysis of Census data released Thursday, which experts chalk up to a national economy relying increasingly on older Americans — especially women — working part time to bolster their retirement savings.

  • Republican governors are moving to cut income taxes, including proposals that would increase reliance on state sales taxes, setting up ambitious experiments in tax reform that could shape what is possible on a national level.

  • US New Home Sales Fall, but 2012 Finishes Strong Friday, 25 Jan 2013 | 10:01 AM ET

    New U.S. single-family home sales fell in December although the median sales price rose and the sector still appears set to be a bright spot in the economic recovery.

  • Towns’ Next Hit From Hurricane Is to Tax Revenue Friday, 25 Jan 2013 | 8:38 AM ET
    Damage in the Rockaway neighborhood in New York City, where the historic boardwalk was washed away during Hurricane Sandy.

    Localities across the New York region are confronting the prospect of an even bigger blow to their finances: a precipitous decline in property tax revenues.

  • Obama Picks Mary Jo White to Lead SEC Thursday, 24 Jan 2013 | 2:45 PM ET
    President Obama with Mary Jo White and Richard Cordray.

    President Obama nominated Mary Jo White to lead the Securities and Exchange Commission, tapping an attorney with broad experience in prosecuting white-collar crimes to lead an agency that has a central role in implementing Wall Street reform.

  • Jobs Numbers Are Good, but Still Not Good Enough Thursday, 24 Jan 2013 | 11:34 AM ET

    Despite a fairly dramatic recent drop in weekly unemployment claims, the notion of a significantly improving job market is drawing few converts.

  • Leading Indicators Rise 0.5 Percent, Beat Forecasts Thursday, 24 Jan 2013 | 10:00 AM ET

    A gauge of future U.S. economic activity rose, pointing to an improvement in growth despite an ongoing political fight in Washington over fiscal policy.

  • Weekly Jobless Claims Keep Up Steady Move Lower Thursday, 24 Jan 2013 | 9:57 AM ET

    The number of Americans filing new claims for unemployment benefits unexpectedly fell to its lowest since the early days of the 2007-09 recession, a hopeful sign for the sluggish labor market.

  • Merkel Says Europe Must Persist With Reforms Thursday, 24 Jan 2013 | 9:40 AM ET
    Angela Merkel

    German Chancellor Angela Merkel urged European nations to continue the economic reforms they have begun and argued that the debt crisis offered an opportunity for the bloc to become more competitive.

  • The Odd Season: Good Earnings, Nervous CEOs Wednesday, 23 Jan 2013 | 2:34 PM ET

    Many corporations are tempering their earnings beats with more than a dollop of caution about the outlook for 2013, which is barely 3 weeks old.

  • House Votes to Suspend Debt Ceiling Until May Wednesday, 23 Jan 2013 | 1:29 PM ET

    With tacit support from President Barack Obama, the GOP-controlled House approved an extension of the debt ceiling Wednesday, heading off an economy-rattling fiscal crisis for at least four months.

  • Budget Deficit Not Our Only Deficit: Lawrence Summers Wednesday, 23 Jan 2013 | 12:30 PM ET
    Larry Summers

    Lawrence Summers told delegates at the World Economic Forum that the U.S. was right to focus on its budget deficit, but should also make the most of "negligible" long term interest rates to improve healthcare and education.

  • US Economy a Bright Spot: Expert     Wednesday, 23 Jan 2013 | 10:00 AM ET

    Nariman Behravesh, chief economist at IHS, tells CNBC why he's positive about the U.S. economy in 2013, despite political uncertainty.

  • What John Paulson Says Is the Best Investment Now Wednesday, 23 Jan 2013 | 9:54 AM ET

    More than four years after the financial crisis that made him billions, hedge-fund manager John Paulson is bullish on the U.S. economy and housing in particular.

  • Economy Fueled by 'Energy Revolution,' Housing: Hormats Wednesday, 23 Jan 2013 | 7:40 AM ET

    Growth in the U.S. economy will be aided by the domestic "energy revolution" and the pick-up in the housing market, Under Secretary of State Robert Hormats told CNBC on Wednesday.

  • US Mortgage Applications Up for Third Week Wednesday, 23 Jan 2013 | 7:01 AM ET

    Applications for U.S. home mortgages rose last week for the third week in a row, boosted by increased demand for refinancings,data from an industry group showed on Wednesday.

  • JPMorgan CEO Hits Back at Policymakers in Davos Wednesday, 23 Jan 2013 | 5:52 AM ET
    Jamie Dimon listens during a panel discussion on the opening day of the World Economic Forum (WEF) in Davos, Switzerland.

    JPMorgan Chase CEO Jamie Dimon has hit back at policymakers and new regulations, telling CNBC in Davos that some of the rules had made things more complicated and that many of the problems had still not been fixed.

  • Labor to Private Equity: We Are Part of Solution Wednesday, 23 Jan 2013 | 4:44 AM ET

    For the first time in recent years, policymakers don't have a major financial crisis to grapple with at this year's World Economic Forum (WEF), which gets under way on Wednesday.

  • GOP Moves to Suspend Debt Ceiling Until May Tuesday, 22 Jan 2013 | 8:44 PM ET

    House Speaker John Boehner indicated Tuesday that Republicans will vote on an extension of the federal debt ceiling to allow Treasury to borrow money until mid-May. The move would reverse the order of a series of expected debt and spending fights in Washington, an effort designed to put the GOP on more sound political footing.

  • Think CEOs Are Growing More Confident? Think Again Tuesday, 22 Jan 2013 | 12:29 PM ET

    CEOs, many of whom are gathering in the Swiss ski resort of Davos for this year's World Economic Forum, are feeling less optimistic about their companies' growth prospects than last year or the year before, PwC said Tuesday.

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