Economists on average now believe that the U.S. economy contracted slightly in the first quarter, according to a Moody's/CNBC survey.» Read More
With the economy starting to improve, the Federal Reserve should begin to end its bond purchases, Richard Fisher, Federal Reserve Bank of Dallas President, told CNBC.
The American paycheck's not the only thing that's shrinking as big business thinks of creative ways — from smaller packages to deep price cuts — to capture the hesitant consumer's dollar amid signs of weak sales.
Consumer debt rose in the final months of 2012 for the first time in four years, a sign that Americans may be starting to reach the end of cutting back on credit, New York Federal Reserve reported Thursday.
If mandatory federal spending cuts begin to take effect Friday, small employers are likely to experience a negative ripple effect of reduced business.
The pace of business activity in the U.S. Midwest picked up modestly to reach an 11-month high in February as new orders gained, a report showed.
The U.S. economy barely grew in the fourth quarter while the number of Americans filing new claims for unemployment benefits fell more than expected last week.
A gauge of planned U.S. business spending increased by the most in just over a year in January and new orders for long-lasting manufactured goods excluding transportation rose solidly, pointing to underlying strength in factory activity.
Rough winter weather across much of the US at the start of this year apparently did not keep home buyers away. Contracts to buy existing homes in January rose to the highest reading since April 2010.
Median-income families in only one major U.S. city actually can afford to buy a new car, a new study finds.
Federal Reserve Chairman Ben Bernanke strongly defended the U.S. central bank's bond-buying stimulus before Congress on Tuesday, saying that the bank sees little risk of higher inflation in the near term.
U.S. new-home sales jumped in January from the previous month to the highest level since July 2008, while a separate report showed that consumer confidence picked up much more strongly than expected in February.
U.S. single-family home prices picked up in December, closing out 2012 with the biggest yearly gain in more than six years as the housing market got back on its feet.
Former Clinton Treasury Secretary Lawrence Summers argued on CNBC for a "balanced approach" because President Barack Obama has agreed to more spending cuts.
America's seniors appear to have grown more burdened by debt in recent years, and experts say a likely culprit is medical expenses.
As $85 billion in spending cuts loom, people across the country who rely on the government were trying to fathom what it would mean for them. The NYT reports.
Another blizzard bore down on the nation's midsection early Tuesday after lashing the Texas Panhandle with hurricane-force winds, closing highways and cutting power to thousands in Texas, Oklahoma, and Kansas.
More Americans fell behind on their auto loan payments in the last three months of 2012, when some borrowers' financial obligations temporarily take a backseat to spending on holiday shopping.
Paying for your child's education is a laudable goal, but may not be realistic for some parents who could wind up jeopardizing their own financial future in order to put their children through college.
The White House mistakenly thought that Republicans could never stomach cuts to the Defense Department, which constitute half of the reductions in the sequester. This was a terrible misreading of the Tea Party-infused GOP, the Fiscal Times reports.
A new bipartisan deficit-reduction plan to slash a massive $600 billion from U.S. healthcare spending over two decades has policy experts scratching their heads over how such an ambitious target can be reached.
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