The Obama administration on Friday said it was ready to free up about $260 billion so the nation could continue paying its bills as a temporary debt ceiling suspension lapses.» Read More
The Fed's huge quantitative easing programs are just a continuation of the government's bailout, this economist says.
Leading congressional Republicans said on Sunday a broad deal with President Barack Obama on deficit reduction and entitlement reform remains possible but differed over potential flexibility on taxes, with the House speaker and budget leader not bending
US consumer sentiment tumbled to its lowest since December 2011 in March as fewer Americans expected to see improvements in growth or the labor market.
Paul Ryan's proposed budget would cut taxes for just about everyone, with the top earners getting the biggest tax cuts.
Unfortunately for many consumers, the price savings from the growing U.S. energy boom have yet to materialize in the place it could have the most impact: the gas pump.
Consumer prices recorded their largest increase in nearly four years as the cost of gasoline surged, but showed no sign of a pickup in inflation to trouble the Fed.
President Bill Clinton said Republicans need to openly state how their proposals, specifically tax cuts, would realistically work for the benefit of the American economy.
Wall Street has boosted its outlook for quantitative easing from the Federal Reserve, according to the March CNBC Fed Survey.
The bailout in Cyprus could mean a pause in the US stock-market rally but some market pros say it's also likely to give the Fed more ammunition to maintain its stimulus.
Groundbreaking to build new homes rose and new permits for construction hit the highest level since 2008, a sign the housing market recovery is gathering steam.
U.S. industrial production rose more than expected in February on a rebound in manufacturing, showing the economy continues to gain momentum in 2013.
With the Dow Jones reaching an all-time high and the S&P 500 not far behind, markets have shrugged off the disappointment of the sequester. But Alastair Newton, senior political analyst at Nomura says that far bigger hurdles lie ahead that could potentially give the U.S. another "brush with default".
As divisions over major reductions in federal budget deficits solidify, President Obama and members of Congress have begun weighing limited steps that might be brokered in a bipartisan deal.
The NCAA basketball tournament has a reputation for sucking the productivity out of offices everywhere. But a new report calls the conventional wisdom into question.
European leaders meeting in Brussels on Thursday hinted that some countries could be given more time to meet their deficit goals as they address high unemployment and seek to ease the pain of tough austerity measures.
The number of Americans filing new claims for unemployment benefits fell last week, while producer prices rose by the most in 5 months as gas prices spiked.
Despite economic headwinds and uncertainty in Washington, US consumers are rocketing ahead, leading analysts to revisit their GDP forecasts for the first quarter.
More U.S. homeowners were hit with new foreclosure filings in February, pointing to the challenges the market still faces even as the housing recovery gains traction, RealtyTrac reported Thursday.
Germany has ignored calls from its euro zone partners for more economic stimulus by tabling plans to cut spending and balance its budget ahead of schedule on the eve of an EU summit dedicated to growth. The Financial Times reports.
Democrats made a mistake by not going over the "fiscal cliff" because a "grand bargain" would have been easier to achieve, House Minority Whip Steny Hoyer told CNBC.