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  • Debt Ceiling Battle: Why No One Agrees on Anything Wednesday, 16 Jan 2013 | 10:17 AM ET

    How politicians even explain the way the government spends money depends on what party they belong to and whether that party holds the White House or Congress.

  • After Eight Months, Home Builder Confidence Stalls Wednesday, 16 Jan 2013 | 10:00 AM ET
    Builder sentiment edged up just one point in October, according to an industry association index.

    Despite big earnings gains from the big public builders, overall confidence among the nation's home builders took a pause in January.

  • Auto Industry Fuels US Industrial Production's 0.3% Rise Wednesday, 16 Jan 2013 | 9:15 AM ET
    Auto parts production workers work on a production lines making both metal and plastic bumpers.

    U.S. factory production rose in December for the second straight month, buoyed by more output of autos, electronics and business equipment. Total industrial production beat analysts' expectations.

  • CPI Flat as Inflation Running Out of Gas Wednesday, 16 Jan 2013 | 8:13 AM ET
    Ben Bernanke

    U.S. consumer prices were flat in December, pointing to muted inflation pressures that should help give the Federal Reserve room to prop up the economy by staying on its ultra-easy monetary policy path.

  • US Mortgage Applications Rebound in Latest Week: MBA Wednesday, 16 Jan 2013 | 7:16 AM ET

    Applications for U.S. home mortgages rose for a second straight week following three weeks of declines, data from an industry group showed on Wednesday.

  • Christmas Turkeys, Holidays Push Up Euro Zone Prices Wednesday, 16 Jan 2013 | 5:47 AM ET

    Europeans' appetite for turkeys and Christmas getaways pushed up the cost of living in the euro zone in December, but the European Central Bank expects the rate of inflation to cool this year.

  • Role Model of European Austerity Turns to Stimulus Wednesday, 16 Jan 2013 | 3:50 AM ET
    Riga, Latvia

    As southern euro zone countries groan under the weight of austerity measures, the Baltic country Latvia has been so enthusiastic and seemingly successful in its application of austerity measures that even the International Monetary Fund (IMF) has warned Latvia to not go too far.

  • The China Beige Book Has Some 'Shocking' Data Wednesday, 16 Jan 2013 | 3:44 AM ET
    Shanghai street scene

    China's growth is expected to have re-accelerated to near 8 percent in the fourth quarter of last year, but there are some troubling inconsistencies in the economy, according to the China Beige Book released on Wednesday.

  • Damage in the Rockaway neighborhood in New York City, where the historic boardwalk was washed away during Hurricane Sandy.

    The House of Representatives on Tuesday approved $50.5 billion in long-delayed federal disaster aid to victims of Superstorm Sandy, but not before Republicans flexed their budget-cutting muscle to strike some spending provisions.

  • World Bank Slashes Global Growth Forecasts for 2013 Tuesday, 15 Jan 2013 | 7:13 PM ET
    World Bank building in Washington, DC.

    A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013.

  • Business Inventories Rose Modestly in November Tuesday, 15 Jan 2013 | 10:01 AM ET

    Business inventories rose modestly in November as sales rose solidly, backing views restocking will not support economic growth in the fourth quarter.

  • Retail Sales Get Auto Boost; Inflation Remains Tame Tuesday, 15 Jan 2013 | 8:35 AM ET

    Retail sales rose more than expected in December while wholesale prices remained low, suggesting inflation is in check.

  • Fitch Warns of US Downgrade Over Debt Fight Tuesday, 15 Jan 2013 | 6:10 AM ET

    Failure to raise the debt ceiling within a "timely" manner would see the United States' sovereign ratings put under formal review with "highly uncertain" consequences, rating agency Fitch warned U.S. policymakers Tuesday.

  • American credit card holders in their late 20s and early 30s have more debt than older consumers, repay it more slowly and risk dying in debt if they don't curb their spending habits.

  • Roubini: No Need to Panic Over Debt Ceiling, Yet Tuesday, 15 Jan 2013 | 2:47 AM ET
    Nouriel Roubini, chairman and co-founder of Roubini Global Economics

    Gloomy economic diktats and predicting the financial crisis have earned economist Nouriel Roubini the title Dr. Doom, but in his latest interview the economics professor said the United States had little to fear, despite ongoing fiscal negotiations and the looming debt ceiling.

  • In this Aug. 22, 2012 file photo, Scott Marshall, top, of Calhoun, Ga., files for unemployment, in Dalton, Ga. Fewer Americans applied for unemployment benefits last week, and a private survey showed businesses stepped up hiring in August. The data sketched a brighter outlook for the job market one day before the government reports on August employment. (AP Photo/David Goldman, File)

    The number of U.S. families struggling with poverty despite parents being employed continued to grow in 2011 as more people returned to work but mostly at lower-paying service jobs.

  • Payroll Tax Hike Likely to Take Bite Out of Economy Monday, 14 Jan 2013 | 2:32 PM ET

    The sting from higher taxes in your first 2013 paycheck is also going to sting the economy this year, particularly in the first quarter.

  • Grover Norquist, president of Americans for Tax Reform (ATR).

    There will be a four-year struggle to rein in President Barack Obama's crazy spending, tax advocate Grover Norquist told CNBC's "Squawk on the Street" on Monday.

  • Did Obama Just Take Default Off the Table? Monday, 14 Jan 2013 | 12:34 PM ET

    Obama lists lots of things will have to be cut if the debt ceiling isn't lifted. But payments on government bonds aren't one of them.

  • Members of International Longshore and Warehouse Union Local 63 Office Clerical Unit walk a picket line near APM Terminals, halting cargo at the busiest seaport complex in the nation.

    The International Longshoremen's Association and the U.S. Maritime Alliance (USMX)are racing to avert a Feb. 7th strike of 14,500 longshoremen members in 14 major East Coast ports, including hubs in New York and New Jersey.

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