In a stinging rebuke, the Minneapolis Fed president said the Fed should make clear it was willing to do QE again if needed.» Read More
President Obama, trying to break the stalemate over the fiscal crisis, challenged Republicans on Friday to agree to a quick deal to prevent a tax increase for all but the wealthiest Americans and the expiration of long-term unemployment benefits.
The wealthy generally support higher income taxes, and that their support is growing, a new survey found.
President Barack Obama nominated Sen. John Kerry as his next secretary of state, making the first move in a sweeping overhaul of his national security team heading into a second term.
Home prices and home buyer confidence are rising in tandem, as the housing recovery appears to be gaining steam
"I think housing is going to continue to improve," says Mark Zandi, chief economist at Moody's Analytics. "So for the next 3 or 4 years we will see better home sales, more housing construction and higher house prices. All of which is good news for the economic recovery."
Here is a simple way to think about the political calculus of Washington's latest twists and turns.
The threat of a longshoremen's strike that could close 15 ports from Massachusetts to Texas has shipping industry leaders, manufacturers and retailers warning of a "devastating blow" to the supply chain.
U.S. consumer sentiment slumped as Americans were rattled by on-going negotiations to avert the tax hikes and spending cuts set to come into effect in the new year, data showed on Friday.
House Democratic Whip Steny Hoyer told CNBC on Friday that Speaker John Boehner has to realize that he can't pursue partisan solutions.
U.S. consumer spending rose in November by the most in three years as incomes climbed, while a gauge of planned U.S. business spending rose much more than expected.
A look at the future of "fiscal cliff" talks after last's night's defeat of "Plan B" in the House, with Rep. Steny Hoyer, (D-MD), and Barry Knapp, Barclays.
Austan Goolsbee, University of Chicago professor, explains why he thinks we're going over the "fiscal cliff" but is optimistic for a deal next year. Barry Knapp, Barclays, weighs in.
"The President has something of a plan," CNBC's Steve Liesman reports.
Rep. Shelley Moore Capito, (R-WV), discusses the defeat of the House's "Plan B" bill and the next step in reaching a compromise on the looming "fiscal cliff."
Ballooning central bank balance sheets across the U.S., Europe, the U.K. and Japan are “profoundly abnormal”, according to Jean-Claude Trichet, the former president of the ECB.
With gloomy economic forecasts, falling consumer confidence and poor retail figures adding to concerns over talk of the U.K. leaving the European Union, 2013 is set to be a tough year for the country, analysts say.
Facing a GOP revolt, House Speaker John Boehner abruptly canceled a vote Thursday night on a plan to raise taxes for the wealthy, bringing the country closer to a plunge down the "fiscal cliff."
House Speaker John Boehner called off a vote on Thursday to raise taxes for wealthy Americans, bringing the country on the brink of going over the "fiscal cliff."
One in five of Americans earning less than $20,000 a year would see a tax hike of $1,070, since Boehner's bill would eliminate deductions for low earners.
Both sides have given up ground in "Cliff" negotiations, but the tactic of the Republicans to put forth a "Plan B" has suddenly thrown the whole deal into doubt.
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