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• Stuck in Reverse, Detroit Edges Closer to Bankruptcy

  

  At the Detroit Auto Show earlier this month, luxury was in the air. Pricey new Bentleys and Maseratis glittered - including a Maserati 2014 Quattroporte with a $132,000 price tag; U.S. Cabinet Secretaries and dignitaries rubbed shoulders; and many of the well-heeled attendees ponied up for a $300-a-ticket black-tie charity ball.

• Investors Throw Spain a Lifeline as Economy Shrinks

  

  With record unemployment figures, a fractious political scene, years of declining retail sales and Wednesday's depressing growth data, Spain appears to be sinking. Yet an improvement in risk appetite and falling borrowing costs continue to prop up the economy.

• Wall Street to Washington: Cut Deficit & Spending Now

  

  The new CNBC Fed Survey shows Wall Street pros want to send Washington an unambiguous message to reduce the red ink now, without more revenue increases.

• No Wall Street Consensus on When & How QE Ends

  

  CNBC Fed Survey shows Wall Street pros divided on how and when quantitative easing will end.

• Housing Prices Climb; Market 'Clearly Recovering'

  

  U.S. single-family home prices rose in November, building on a string of gains that points to a housing market that is on the mend, data from a closely watched survey showed on Tuesday.

• As Market Revives, High-End Homes Outpace Appraisals

  

  With few multi-million dollar sales to go by, home appraisers are valuing properties below their selling price, stalling lending and sales.

• Monetary Policy May Be Already Tightening

  

  Our survey reveals that expectations about when the Fed will end asset purchases have moved toward sooner.

• Should Investors Care About the Economy?  

  

  Paul Donovan, deputy head of Global Economics at UBS, Andrew Slimmon, managing director at Morgan Stanley Wealth Management and Roger Nightingale, strategist at RDN Associates discuss whether investors should care about the underlying economy.

• Senate Votes to Approve $50.5 Billion Sandy Aid Package

  

  A long-delayed $50.5 billion aid package for victims of Superstorm Sandy cleared the Senate on Monday, three months after the storm destroyed or damaged hundreds of thousands of homes and businesses in coastal New York, New Jersey and Connecticut.

• Triple-Digit Oil in Sight as Global Economy Heals

  

  U.S. benchmark crude oil prices are expected to resume their march towards triple digits as stock markets respond to improved economic data in the U.S. and China, according to CNBC's latest oil market sentiment survey.

• Economists Becoming More Bullish on US: NABE Survey

  

  Economists are increasingly, but still cautiously, optimistic about growth in the year ahead with the hiring expected to pick up in coming months, according to a survey by the National Association for Business Economists.

• Interest Rates Are Climbing, but May Not Last Long

  

  The sudden rise in interest rates to nine-month highs doesn't yet signal a turn, but that could change if Congress resolves the fiscal crisis hanging over the markets.

• Durable Goods Orders Rise on Spending Surge

  

  A gauge of planned U.S. business spending rose in December, a sign that business worries over tighter fiscal policy may not have held back investment plans as much as feared at the end of 2012.

• Towns’ Next Hit From Hurricane Is to Tax Revenue

  

  Localities across the New York region are confronting the prospect of an even bigger blow to their finances: a precipitous decline in property tax revenues.

• Economy Feeds on Workers Who Delay Retirement

  

  The share of Americans 65 and older in the labor force went from 12.1 percent in 1990 to 16.1 percent in 2010, according to new analysis of Census data released Thursday, which experts chalk up to a national economy relying increasingly on older Americans — especially women — working part time to bolster their retirement savings.

• Tax Tattoos? Red States Look to Sales Over Income Taxes

  

  Republican governors are moving to cut income taxes, including proposals that would increase reliance on state sales taxes, setting up ambitious experiments in tax reform that could shape what is possible on a national level.

• Leading Indicators Rise 0.5 Percent, Beat Forecasts

  

  A gauge of future U.S. economic activity rose, pointing to an improvement in growth despite an ongoing political fight in Washington over fiscal policy.

• Jobs Numbers Are Good, but Still Not Good Enough

  

  Despite a fairly dramatic recent drop in weekly unemployment claims, the notion of a significantly improving job market is drawing few converts.

• US New Home Sales Fall, but 2012 Finishes Strong

  

  New U.S. single-family home sales fell in December although the median sales price rose and the sector still appears set to be a bright spot in the economic recovery.

• Jobless Claims, Housing Starts Boost Recovery

  

  The number of Americans seeking unemployment aid fell to a five-year low last week, a hopeful sign the job market is healing. But much of the decline reflects seasonal volatility in the data.