Although economist have trimmed their estimates for second-quarter GDP, they don't believe the economy will hit a recession this year or next.» Read More
Moody's upgraded its rating on California's general obligation debt, citing the state's improving financial position and employment growth.
Newly elected House Majority Leader Kevin McCarthy dismissed the proposal to fund the U.S. highway system. The Fiscal Times reports.
The U.S. economy contracted at a steeper pace than previously estimated in the first quarter as durable goods fell sharply.
The U.S. services sector expanded in June at the fastest pace in at least 4-1/2 years, pushed higher by increasing business activity, a survey showed.
The Fed can reasonably wait to raise interest rates until mid-2015 without risking an undesirable rise in inflation, an influential Fed policymaker said.
With immigration legislation stalled, a key U.S. Republican senator puts the odds of enacting reform this year as "close to zero."
The best way to keep government transportation coffers full without hurting future generations is to increase the gas tax, Sen. Bob Corker tells CNBC.
After a dive in volume two weeks ago, applications for mortgage refinances and home purchase loans were little changed last week, data show.
The Fed chief wants to see U.S. wages climb at a much brisker clip to boost spending and help workers recoup ground they lost in the last recession.
The Fed's forward guidance has been vague and the central bank should ensure its guidance on monetary policy is real, says a Nobel-winning economist.
The U.S. economy is approaching the Fed's economic targets faster than expected and might push the central bank to accelerate plans to increase interest rates, Philadelphia Federal Reserve Bank President Charles Plosser said on Tuesday.
U.S. consumer confidence rose to a six-year high of 85.2 in June, beating estimates of 83.5.
Sales of new U.S. single-family homes jumped to a six-year high in May, the latest indication the housing market was starting to dig out of a recent soft patch.
A key gauge of home price gains decelerated in April, but edged above analysts' expectations, a new report showed Tuesday.
The U.S. faces economic costs from climate change adding up to billions of dollars over the next 25 years. And that's just for starters.
A group of influential Internet moguls aim to fix what they refer to as the "big money problem" in Washington politics by, well, raising cash.
The U.S. manufacturing sector expanded more strongly than expected in June, an industry report showed on Monday.
The recovery is taking hold. Companies are hiring. State finances are looking up. Time for things to get nasty as states vie for business.
California and Florida are among states at the forefront of agricultural innovation. The field is growing as demand for food booms.
A Massachusetts mayor wants an end to refugee resettlement in his city, saying Somali families are putting pressure on already strained services.
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