The Fed may have to get even more aggressive if its efforts to tighten aren't reflected in short-term rates, he said.» Read More
Small-business owners' confidence was virtually flat, as entrepreneurs still expect business conditions to worsen in the next six months.
Just two weeks before his second inauguration, President Obama is acting as if he believes he has a big mandate for his next term. The latest sign: his decision to defy a concerted campaign against his choice for defense secretary.
Income inequality has been on the rise for three decades in the United States, according to the Congressional Budget Office, with the gap between the "haves" and "have-nots" currently at its widest point since 1967.
After the "fiscal cliff" the big buzz word is "debt ceiling" and new research shows the US could hit that ceiling in just over a month.
Have you ever heard of the vehicle miles traveled tax? No? Well get ready to hear more about it, because the vehicle miles traveled tax, or VMT, is the latest way states are looking to make up for falling gas tax revenues.
Fannie Mae and Freddie Mac exacerbated the mortgage crisis and that's why the government should get out of the home loan business, former Wells Fargo CEO Richard Kovacevich told CNBC.
With scant prospect of a swift return to growth in the Euro zone, the risk in 2013 is less outright conflagration in the single-currency area than a fraying of social and political ties and an insidious erosion of hope.
Senate Minority Leader Mitch McConnell and House Democratic leader Nancy Pelosi are clashing over the prospect of another round of tax increases on the wealthy.
The vast U.S. services sector in December grew at its fastest clip in 10 months, boosted by a rise in new orders. A separate report showed that new orders received by U.S. factories were flat in November.
The U.S. employment picture continued its gradual improvement in December, adding 155,000 positions as the unemployment rate held at 7.8 percent.
Tentative signs the euro zone may have passed the worst of its downturn emerged in December but business surveys also suggested Britain's economy tipped back into contraction in the final months of 2012.
Independent ratings agency Egan-Jones, which slashed the U.S. sovereign credit rating twice last year, said it has no intention of further downgrading the country this year, praising efforts by U.S. lawmakers to avert the "fiscal cliff".
The Fed minutes triggered a sell-off in equities as investors fretted over a possible end to historically low interest rates. The upside? Analysts say this reflects confidence in the U.S. economy.
After bruising fights in GOP ranks over the "fiscal cliff" and aid for victims of super storm Sandy, Congress started a new session Thursday with Republicans more divided than ever.
Wracked by the recession, state governments overall are starting 2013 in their best financial shape in several years. USA Today reports.
Sen. Richard Shelby told CNBC he voted against the "fiscal cliff" deal it moves us from one crisis to another crisis in "less than" eight weeks.
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.