If this turning point comes, the U.S. may soon see the fortunes of middle- and lower-class workers rising.» Read More
Pimco CEO Mohamed A. El-Erian has been named chairman of President Barack Obama's Global Development Council, which was created to help boost global development.
Home prices rose in October, reinforcing the view the domestic real estate market is improving and should bolster the economy in 2013.
Why is it so hard for Republicans and Democrats to compromise on urgent matters of taxes and spending? What will happen if they fail to meet their Jan. 1 deadline? Here's a look.
The U.S. government is considering expanding its mortgage refinancing program to include borrowers whose mortgages are not backed by Fannie Mae and Freddie Mac, the Wall Street Journal reported.
Congress waited for President Barack Obama to return from Hawaii and make one final attempt to avoid the "fiscal cliff."
U.S. holiday retail sales this year were the weakest since 2008, when the nation was in a deep recession.
It's hard to see how lawmakers can avoid touching health insurance if they want to eliminate loopholes and curtail deductions so as to raise revenue and lower tax rates.
The Bank of England that Mark Carney will inherit in July is uncertain of its next steps, and the U.K.'s economic outlook does not appear to be getting any better.
As President Obama approaches his second term, he'll have to confront tough and shifting challenges that will play big roles in shaping the rest of his presidency and his place in history.
Experts say there are ways to fix Social Security. Politicians just may not like trying to sell those changes to the American people. NBCNews reports.
This has been “an exceptionally political year," starting with the problems of the euro zone and concluding with all eyes on Washington as the U.S. teetered atop the “fiscal cliff."
Investors are fully aware that Japan's tensions with its neighbors have an important economic dimension, says one expert.
Arms sales will be on the agenda when Russian President Vladimir Putin visits India on Monday to court a country that has traditionally been a top client.
President Obama, trying to break the stalemate over the fiscal crisis, challenged Republicans on Friday to agree to a quick deal to prevent a tax increase for all but the wealthiest Americans and the expiration of long-term unemployment benefits.
The wealthy generally support higher income taxes, and that their support is growing, a new survey found.
President Barack Obama nominated Sen. John Kerry as his next secretary of state, making the first move in a sweeping overhaul of his national security team heading into a second term.
Home prices and home buyer confidence are rising in tandem, as the housing recovery appears to be gaining steam
"I think housing is going to continue to improve," says Mark Zandi, chief economist at Moody's Analytics. "So for the next 3 or 4 years we will see better home sales, more housing construction and higher house prices. All of which is good news for the economic recovery."
Here is a simple way to think about the political calculus of Washington's latest twists and turns.
The threat of a longshoremen's strike that could close 15 ports from Massachusetts to Texas has shipping industry leaders, manufacturers and retailers warning of a "devastating blow" to the supply chain.
Get the best of CNBC in your inbox