The Fed remained on its easy-money course, allaying market fears that it might start raising interest rates sooner than expected.» Read More
The jobs market saw mostly good news, with a big increase in private sector hiring helping offset an uptick in weekly unemployment claims.
Some of the biggest U.S. retailers reported December same store sales on Thursday, showing both hits and misses in a still unsteady economy.
The White House has "somewhat less leverage" in upcoming budget talks, said former Obama Office of Management and Budget director Peter Orszag.
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 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.
Despite its well-publicized cutoff at incomes of $400,000 and up, the fiscal cliff deal could increase taxes on people making less.
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.
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.
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.
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.
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.
Rep. Sander Levin, (D-MI), takes a look at the next big battles on Capitol Hill, including spending restrictions and raising the debt ceiling.
This academic says the tax and spending package passed by the Senate and House provides little prospects of improvement.
U.S. manufacturing expanded slightly in December, while a separate report showed that construction spending fell in November for the first time in eight months.
Republican Sen. Bob Corker told CNBC on Wednesday that voting for the deal to avoid the "fiscal cliff" was like "eating a you know what sandwich."
The Sandy aid bill should go to the House floor as the "first order of business" in the new Congress, Rep. Steve Israel said on CNBC's "Squawk Box."
The much-maligned peripheral economies of the euro zone are showing some encouraging signs, leading to talk of a revaluation which would have seemed optimistic for most of last year.
The United States averted economic calamity on Tuesday when lawmakers approved a deal preventing huge tax hikes and spending cuts that would have pushed the world's largest economy off the "fiscal cliff" into recession.
Following a year tainted by heightened economic uncertainty, the world's second largest economy is setting itself up for a positive 2013, say analysts, pointing to China's latest economic data and stellar equity market performance.
Barring major geopolitical shocks, the world economy in 2013 should mark the beginning of sustainably faster growth, one expert believes.
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