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Europe Closes Lower; Fed in Focus

Economy

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  • 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.

  • Federal Reserve Building, Washington, D.C.

    Wall Street has boosted its outlook for quantitative easing from the Federal Reserve, according to the March CNBC Fed Survey.

  • Cyprus Gives the Fed More Reason to Buy Bonds Monday, 18 Mar 2013 | 6:00 PM ET
    Federal Reserve Board Chairman Ben Bernanke

    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.

  • Recovery Builds as Housing Numbers Pick Up Steam Tuesday, 19 Mar 2013 | 9:54 AM ET
    A construction worker uses a hammer at a new housing development in San Mateo, California.

    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.

  • Why the US Could Face Another Brush With Default Friday, 15 Mar 2013 | 8:03 AM ET

    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".

  • US Budget Talks Point to Small Deficit-Cut Deal Thursday, 14 Mar 2013 | 8:37 PM ET

    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.

  • Maybe March Madness Is GOOD for Productivity Friday, 15 Mar 2013 | 1:16 PM ET
    Anthony Davis

    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.

  • Crisis-Hit EU States Get Wiggle Room on Deficits Friday, 15 Mar 2013 | 4:13 AM ET

    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.

  • Jobless Claims Slip While Producers Paying More Thursday, 14 Mar 2013 | 9:42 AM ET

    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.

  • Consumer Health Suggests Better GDP, Say Analysts Wednesday, 13 Mar 2013 | 9:22 AM ET

    Despite economic headwinds and uncertainty in Washington, US consumers are rocketing ahead, leading analysts to revisit their GDP forecasts for the first quarter.

  • Foreclosure Hot Spots Continue to Plague Market Thursday, 14 Mar 2013 | 6:33 AM ET

    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 Unveils Spending Cuts on Eve of EU Summit Thursday, 14 Mar 2013 | 1:35 AM ET
    German Chancellor Angela Merkel,  walks past flags of the European Union and Germany.

    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.

  • Hoyer's Remorse: We Should Have Cliff-Dived Thursday, 14 Mar 2013 | 9:41 AM ET
    Rep. Steny Hoyer

    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.

  • Consumers Still Strong, Just Keep on Spending Wednesday, 13 Mar 2013 | 9:53 AM ET

    Retail sales rose more than expected in February as Americans bought motor vehicles and a range of other goods even as they paid more for gasoline.

  • Business Inventories Rise Suggest Better Growth Wednesday, 13 Mar 2013 | 10:01 AM ET

    U.S. business inventories rose by the most in more than 1-1/2 years in January as sales fell, suggesting restocking of warehouses will boost economic growth this quarter.

  • Obama: Political Gap May Be 'Just Too Wide' for Deal Wednesday, 13 Mar 2013 | 12:11 PM ET
    President Obama arrives Tuesday at the Capitol to meet with the Senate Democratic Caucus.

    President Obama is warning that it may be impossible to reach a deal with Republicans on trimming the budget deficit.

  • Are Consumers Feeling the Payroll Tax Pinch? Tuesday, 12 Mar 2013 | 2:30 PM ET

    The retail sales report to be released Wednesday morning will help show how much higher payroll taxes and rising gas prices are hurting American pocketbooks.

  • Senate Democrats' Budget Seeks $1.85 Trillion Savings Wednesday, 13 Mar 2013 | 5:37 AM ET

    Democrats will unveil a budget blueprint that will slice the deficit by $1.85 trillion through spending cuts and tax increases.

  • Weak Economy to Depress Oil Demand in 2013: IEA Wednesday, 13 Mar 2013 | 4:18 AM ET
    Oil field, Alberta, Canada

    Global oil demand is set to be depressed by weak economic growth throughout 2013 while soaring U.S. oil production gives consumers a cushion to withstand most supply outages, the IEA said.

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