Income inequality in the United States is near its highest levels of the past 100 years, Fed Chair Janet Yellen said on Friday.» Read More
Bridge disputes in Congress on taxes and spending. Shrink budget deficits. Manage tense economic ties with China. Press Europe to reduce debts while fighting a recession. Defend the U.S. financial overhaul law. Prevent a global currency war. And those are just the obvious challenges.
Small-business owners' confidence was virtually flat in January, as entrepreneurs failed to recoup losses sparked by December's scare about the so-called "fiscal cliff," according to the NFIB.
President Obama's State of the Union Address represents his largest opportunity to sway the public and Congress behind his goal for "balanced" deficit reduction, according to his longtime strategist David Axelrod.
Revelers in New Orleans will celebrate Mardi Gras with parades, giant floats and parties that are expected to attract about a million people to the city and its historic French Quarter and generate an estimated $300 million.
President Obama is likely to give a nod to the fitful economic recovery in his State of the Union speech with Apple CEO Tim Cook in attendance. But analysts don't expect major statements on contentious issues like taxes and the budget.
Legalize or not is the hotly debated question in Washington holding the fate of 11 million undocumented immigrants on a tight rope.
Hedge funds are actively trading in Argentina's choppy markets ahead of its legal showdown with rebel sovereign bondholders later this month.
Economic and job-creation will start to purr later this year as business activity picks up — more than offsetting federal government cutbacks, predict economists surveyed by USA Today.
The convergence of increasingly accurate weather forecasts and the explosion of the social media channel is super-charging the effect of Winter Storm "Nemo" on the Northeast's economy.
European Union leaders reached agreement on the first ever cut in their common budget on Friday after 24 hours of talks, seeking to placate millions at home struggling through government cutbacks and recession.
U.S. wholesale inventories unexpectedly fell in December as auto dealers and agricultural suppliers drew down their stocks, a negative signal for economic growth.
The U.S. trade deficit shrank in December to its narrowest in nearly three years, suggesting the economy did much better in the fourth quarter than initially estimated.
Some economists say there are signs it could ease in the next few years as the economy improves, raising hopes for the millions of Americans who have spent months or even years looking for work.
At street level, the pain from the expiration of a break in Social Security taxes in 2011 and 2012 is evident.
"It's almost like they don't give a damn," Hollywood legend and Republican supporter Clint Eastwood told CNBC, referring to the gridlock in Washington.
The subprime market for risky mortgage-backed securities is hot again and the chief market strategist at Rosenblatt Securities said, it will end badly.
From long delays at the nation's airports to huge potential layoffs of government workers, Americans may soon feel the pinch of austerity. The Financial Times reports.
President Barack Obama told fellow Democrats on Thursday he is willing to agree to a "big deal" with Congress on spending cuts and tax reforms to end the fiscal uncertainty over the deficit.
Many top U.S. retailers reported strong January sales after offering compelling merchandise that drew in shoppers facing a hit to their take-home pay from higher payroll taxes.
Economic activity in the euro area will remain weak in early 2013 before gradually recovering later in the year, European Central Bank (ECB) President Mario Draghi said on Thursday.
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