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Economy

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  • How Debt Ceiling Fight Could Delay Tax Refunds Thursday, 10 Jan 2013 | 2:14 PM ET

    Anyone counting on their tax refund to help pay for a vacation or take care of some leftover holiday bills could be in for a big disappointment this year thanks to the debt ceiling impasse.

  • One Overlooked Fact About the Housing Recovery Thursday, 10 Jan 2013 | 11:12 AM ET

    As federal regulators and banks argue over new lending standards, one important fact about the housing market goes largely overlooked: More than 20 million American homeowners own their homes outright.

  • Wholesale Inventories Jump 0.6 Percent, Top Estimates Thursday, 10 Jan 2013 | 10:01 AM ET

    U.S. wholesale inventories rose more than expected as petroleum stocks rebounded, according to a government report on Thursday that also showed sales rose by the most in more than 1-1/2 years.

  • Weekly Jobless Claims Edge Higher to Start Year Thursday, 10 Jan 2013 | 8:09 AM ET

    Weekly applications for U.S. unemployment benefits ticked up slightly last week, the latest sign of stability in the job market.

  • ECB's Draghi Sees Signs of Economic Stabilization Thursday, 10 Jan 2013 | 6:20 AM ET

    The ECB said on Thursday that recent economic surveys and indicators had shown signs of stabilizing, suggesting an improved picture later in the year.

  • US Could Save $2 Trillion on Health Costs: Study Thursday, 10 Jan 2013 | 3:28 AM ET

    The United States could save $2 trillion in healthcare spending over the next decade, if the U.S. government used its influence in the public and private sectors, a study released on Thursday said.

  • Major Flu Outbreak Could Slow US Economy Further Thursday, 10 Jan 2013 | 12:00 AM ET

    One of the worst flu seasons in a decade is putting further strains on an already sluggish U.S. economy as companies get slammed with increased health care costs and lower productivity from widespread worker absences.

  • Why Jobless Numbers Mean Low Rates for Years Wednesday, 9 Jan 2013 | 11:48 AM ET

    The Fed-watching game is now this: figuring out how long it will take for the unemployment rate to drop to 6.5 percent. It could be at least half a decade.

  • Why This May Be the Week the ECB Cuts Rates Wednesday, 9 Jan 2013 | 2:06 AM ET
    Mario Draghi, President of the European Central Bank

    A growing number of economists predict the European Central Bank’s rate-setting committee will vote to cut interest rates again at Thursday’s meeting.

  • The U.S. could save more than $500 billion in Medicare and Medicaid spending over the next ten years, by more aggressively coordinating medical care for seniors and the poor, according to new research from health insurer UnitedHealth Group.

  • Small Business Confidence Nearly Flat for December Tuesday, 8 Jan 2013 | 9:49 AM ET

    Small-business owners' confidence was virtually flat, as entrepreneurs still expect business conditions to worsen in the next six months.

  • No More Mr. Nice Guy: New Battles Ahead for Obama Tuesday, 8 Jan 2013 | 4:42 AM ET

    Just two weeks before his second inauguration, President Obama is acting as if he believes he has a big mandate for his next term. The latest sign: his decision to defy a concerted campaign against his choice for defense secretary.

  • Is Income Inequality as American as Apple Pie? Tuesday, 8 Jan 2013 | 1:55 AM ET

    Income inequality has been on the rise for three decades in the United States, according to the Congressional Budget Office, with the gap between the "haves" and "have-nots" currently at its widest point since 1967.

  • Get Ready: US May Hit Debt Ceiling by Mid-February Monday, 7 Jan 2013 | 1:40 PM ET

    After the "fiscal cliff" the big buzz word is "debt ceiling" and new research shows the US could hit that ceiling in just over a month.

  • The New Way to Tax Car Owners: Pay Per Mile Driven Monday, 7 Jan 2013 | 11:29 AM ET

    Have you ever heard of the vehicle miles traveled tax? No? Well get ready to hear more about it, because the vehicle miles traveled tax, or VMT, is the latest way states are looking to make up for falling gas tax revenues.

  • Fannie Mae and Freddie Mac exacerbated the mortgage crisis and that's why the government should get out of the home loan business, former Wells Fargo CEO Richard Kovacevich told CNBC.

  • Why Euro Zone Crisis May Get Worse This Year Monday, 7 Jan 2013 | 2:29 AM ET

    With scant prospect of a swift return to growth in the Euro zone, the risk in 2013 is less outright conflagration in the single-currency area than a fraying of social and political ties and an insidious erosion of hope.

  • Nancy Pelosi

    Senate Minority Leader Mitch McConnell and House Democratic leader Nancy Pelosi are clashing over the prospect of another round of tax increases on the wealthy.

  • Services Sector Grows Briskly; Factory Orders Flat Friday, 4 Jan 2013 | 10:01 AM ET

    The vast U.S. services sector in December grew at its fastest clip in 10 months, boosted by a rise in new orders. A separate report showed that new orders received by U.S. factories were flat in November.

  • The U.S. employment picture continued its gradual improvement in December, adding 155,000 positions as the unemployment rate held at 7.8 percent.

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