The number of Americans filing new claims for unemployment benefits fell more than expected last week pointing to a healthy labor market.» Read More
Due to the "dysfunction and polarization" in Washington the U.S. economy faces a prolonged weak outlook, Pimco's Mohamed El-Erian told CNBC.
The euro zone sovereign debt crisis is far from over even though reform measures designed to address the roots of the problem are beginning to bear fruit, German Chancellor Angela Merkel has said in her New Year's address.
Activity in China's vast manufacturing sector hit its fastest pace in December since May 2011, a survey of private factory managers showed, with a sub-index for new orders pointing to continued strength in the new year.
After all that grand talk and bickering in Washington, it's time to temper expectations: If a deal is reached, it's likely to be much smaller than most expect.
Two small-company owners said the debt-deal debacle is weighing down Main Street. And politicians need to prioritize U.S. jobs.
With "fiscal cliff" talks going to the wire, President Obama said Friday he was optimistic that an agreement can be reached in time to avert the automatic tax increases and spending cuts that could throw the economy back into recession.
With the "fiscal cliff" days away, former George W. Bush economic advisor Ed Lazear told CNBC on Friday it would be a mistake to rush a deal that will have a lasting impact on U.S. economic growth.
Warren Buffett said he remains confident the U.S. debt problem will be fixed...eventually, despite all the political fighting that's been sparked by the "fiscal cliff."
Democratic and Republican sources involved in negotiations reported some progress Friday toward a potential deal averting the "fiscal cliff" ahead of an afternoon summit at the White House between President Barack Obama and congressional leaders.
If no "fiscal cliff" deal is reached, Americans could feel pain as taxes rise, unemployment benefits are cut and smaller changes take effect.
There’s a common misperception about the fiscal cliff — that the tax increases only apply to 2013. Not true. The Fiscal Times reports.
A measure of Americans who signed contracts to buy homes increased last month to its highest level in two and a half years, the latest sign of improvement in the housing market.
Business activity in the U.S. Midwest expanded in December, a report showed, boosted by a rebound in customer demand. But the pace of hiring in the sector was the slowest it has been in more than three years.
China's central bank will use various tools to ensure steady credit growth to support the economy while pursuing financial reform in the face of weakness and uncertainty in the global economic outlook, it said in comments published on Friday.
For Ian Barlow, Britain's tax authority has gone from being fearsome to being really rather nice.
Poor Japanese manufacturing data on Friday gave new Prime Minister Shinzo Abe more ammunition to push for big spending and easy money to salvage the world's third largest economy from decades of deflation and its fourth recession since 2000.
President Obama will meet with congressional leaders on Friday in a last-ditch effort to avert a fiscal crisis. The NYT reports.
After a week of negotiations, The Federal Mediation and Conciliation Service announced that an agreement has been reached between the International Longshoremen's Association and the U.S. Maritime Alliance.
Business managers have blamed uncertainties over the looming "fiscal cliff" for their lack of new hiring. We may be about to find out just how justified those fears are.
New U.S. single-family home sales accelerated in November to the fastest pace in 2 1/2 years and median sales price jumped, but economic optimism was tempered by a report showing falling consumer confidence.