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Economy

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  • 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.

  • Hopes for Euro Zone Rise, New Worry for UK Friday, 4 Jan 2013 | 7:28 AM ET

    Tentative signs the euro zone may have passed the worst of its downturn emerged in December but business surveys also suggested Britain's economy tipped back into contraction in the final months of 2012.

  • Egan Jones: Further US Rating Downgrades Unlikely Friday, 4 Jan 2013 | 12:58 AM ET

    Independent ratings agency Egan-Jones, which slashed the U.S. sovereign credit rating twice last year, said it has no intention of further downgrading the country this year, praising efforts by U.S. lawmakers to avert the "fiscal cliff".

  • End of Stimulus? Why It Isn't All Bad News Thursday, 3 Jan 2013 | 10:00 PM ET

    The Fed minutes triggered a sell-off in equities as investors fretted over a possible end to historically low interest rates. The upside? Analysts say this reflects confidence in the U.S. economy.

  • After bruising fights in GOP ranks over the "fiscal cliff" and aid for victims of super storm Sandy, Congress started a new session Thursday with Republicans more divided than ever.

  • Cities, States Enter 2013 in Better Financial Health Thursday, 3 Jan 2013 | 12:18 PM ET
    Las Vegas, Nevada

    Wracked by the recession, state governments overall are starting 2013 in their best financial shape in several years. USA Today reports.

  • US Now Faces 'Tougher' Debt Crisis: Sen. Shelby Thursday, 3 Jan 2013 | 9:54 AM ET

    Sen. Richard Shelby told CNBC he voted against the "fiscal cliff" deal it moves us from one crisis to another crisis in "less than" eight weeks.

  • Private Sector Jobs Surge, Weekly Claims Rise Thursday, 3 Jan 2013 | 8:36 AM ET

    The jobs market saw mostly good news, with a big increase in private sector hiring helping offset an uptick in weekly unemployment claims.

  • December Retail Sales See Some Hits, but Mostly Misses Thursday, 3 Jan 2013 | 8:25 AM ET

    Some of the biggest U.S. retailers reported December same store sales on Thursday, showing both hits and misses in a still unsteady economy.

  • Obama Now Has Less Leverage: Former OMB Director Thursday, 3 Jan 2013 | 8:05 AM ET

    The White House has "somewhat less leverage" in upcoming budget talks, said former Obama Office of Management and Budget director Peter Orszag.

  • Nouriel Roubini, chairman and co-founder of Roubini Global Economics

    The eleventh hour deal reached to avert the fiscal cliff in the U.S. merely masks the bleak long-term outlook for the country, Nouriel Roubini said in an opinion piece published in the Financial Times newspaper on Thursday.

  • Donald Trump speaks at the Ritz-Carlton on August 26, 2012 in Sarasota, Florida.

    Donald Trump slams GOP in tweets, saying that Republicans got nothing in the fiscal cliff deal. Here's a look at some principles the real estate mogul might have followed had he been negotiating, the CSM reports.

  • For Taxpayers Making More Than $250,000, a New Math Thursday, 3 Jan 2013 | 7:08 AM ET

    Despite its well-publicized cutoff at incomes of $400,000 and up, the fiscal cliff deal could increase taxes on people making less.

  • Speaker of the House John Boehner

    U.S. House Speaker John Boehner made a U-turn on Wednesday to clear the way for approval of $60 billion in Superstorm Sandy relief by mid-January after drawing withering fire from fellow Republicans, including New Jersey Governor Chris Christie, for canceling an earlier vote.

  • CEOs Pan Fiscal Cliff Deal, Vow to Continue Debt Fight Thursday, 3 Jan 2013 | 1:53 AM ET

    U.S. executives largely panned the congressional deal to steer America away from the "fiscal cliff," saying Washington wasted an opportunity to address the nation's debt.

  • 'Nothing Really Has Been Fixed' by 'Cliff' Deal Wednesday, 2 Jan 2013 | 4:23 PM ET

    An emergency deal reached after weeks of rancorous negotiations will keep the U.S. from driving off the "fiscal cliff," but higher taxes and continued political bickering in Washington threaten to shake the fragile economy well into 2013.

  • What the 'Cliff' Deal Means for Those Paying the AMT Wednesday, 2 Jan 2013 | 2:15 PM ET

    The "fiscal cliff" deal will help millions of Americans avoid paying the dreaded alternative minimum tax—while making it harder for many upper-middle class taxpayers to escape it, analysts say.

  • How the Republicans Are Winning the DC Fiscal Battle Wednesday, 2 Jan 2013 | 12:57 PM ET
    House Republican leaders including House Majority Leader Eric Cantor, R-Va., third from left, House Majority Whip Kevin McCarthy, R-Calif, fourth, and Speaker John Boehner.

    You would think that the country's tax burden is suddenly astronomically high, that U.S. citizens are being forced to fork over more money to the government than ever before. The truth is the opposite.

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