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
Fewer U.S. homeowners owe more on their mortgages than their homes are currently worth, according to a new report.
If you smoke, you might have to pay thousands extra for employee-based health insurance under Obamacare starting next year.
The public is only dimly aware of automatic budget cuts set for next week despite weeks of dire warnings from Washington, according to a poll.
Ford is pumping $200 million and adding 450 workers to its Cleveland Engine Plant as it moves to meet growing demand for more fuel efficient models.
Hopes the euro zone might emerge from recession soon were dealt a blow on Thursday, as surveys showed the downturn in the region's businesses worsened unexpectedly this month - especially in France.
Groundbreaking to build new homes fell in January but new permits for construction rose to a 4 1/2-year high, reinforcing expectations the housing market will support economic growth. An inflation indicator, meanwhile, remained tame.
Massive government budget cuts set to go into effect March 1 would be, "deeply destructive" to all aspects of the housing market, US Secretary of Housing and Urban Development Shaun Donovan told a Senate panel last week. Here's why.
President Obama painted a picture of immediate devastation from spending cuts set to take effect March 1, but other officials anticipate more gradual reductions, the New York Times.
With the economy edging upwards, more car buyers are keeping up with their auto payments or coming up with the cash if the repo man appears. And that's more bad news for mom-and-pops that rely on repo work.
Applications for U.S. home mortgages fell for a second straight week as both refinancing and loan requests for new mortgages eased last week, an industry group said on Wednesday.
Less than a year after opening, Atlantic City's newest casino and resort, Revel, has found itself headed to bankruptcy court.
The nation's debt as a percentage of the economy is going to cause a fiscal storm, Home Depot founder Kenneth Langone told CNBC.
Erskine Bowles and Alan Simpson proposed a new tax plan in hopes of finding a middle ground between Democrats and Republicans on deficit reduction.
President Barack Obama is calling on Republicans to back a Democrat plan that would offset the sequester, warning that otherwise "people will lose their jobs."
After showing steady and healthy gains through much of last year, home builder sentiment took a step backward in February.
Manufacturing in New York state expanded in February for the first time in seven months, boosted by a surge in new orders, the New York Federal Reserve said Friday.
President Barack Obama will make a fresh push to force Republicans to make concessions that will head off budget cuts that appear to kick in starting on March 1.
Low- and middle-income households of Americans over 50 have an average balance of $8,278, more typical of young parents or college students.
Severe fiscal tightening in the U.S. will lead to no growth or a contraction in the first two quarters of 2013 and will push unemployment over the 8 percent level, according to Lombard Street Research.
New data show uneven benefits from the economic recovery of 2010-11, with a big rise for the highest earners and little change for others. The New York Times reports.