With the world's largest economy suddenly awash in oil and gas, might the U.S. dollar join the ranks of the dollars of Canada and Australia as a "commodity currency"?» Read More
Nariman Behravesh, chief economist at IHS, tells CNBC why he's positive about the U.S. economy in 2013, despite political uncertainty.
President Obama has declared the U.S. must respond to the threat of climate change; however, his plan will likely hasten the pace of global warming according to this academic.
House Speaker John Boehner indicated Tuesday that Republicans will vote on an extension of the federal debt ceiling to allow Treasury to borrow money until mid-May. The move would reverse the order of a series of expected debt and spending fights in Washington, an effort designed to put the GOP on more sound political footing.
For the first time in recent years, policymakers don't have a major financial crisis to grapple with at this year's World Economic Forum (WEF), which gets under way on Wednesday.
CEOs, many of whom are gathering in the Swiss ski resort of Davos for this year's World Economic Forum, are feeling less optimistic about their companies' growth prospects than last year or the year before, PwC said Tuesday.
U.S. consumer sentiment fell for a second straight month to hit its lowest in over a year in January, with a record number of consumers citing the recent "fiscal cliff" debate in Washington, a new survey showed.
Factory activity in the U.S. mid-Atlantic region unexpectedly contracted in January, a survey showed.
"Europe has stabilized, the (U.S.) economy is going better, yet the Fed has this super-accommodative policy in place," said Joe LaVorgna, chief US economist at Deutsche Bank. "It doesn't make sense, but they're stuck with it."
Foreclosure activity in the United States was at a near six-year low in December and declined over the entire year as the housing market continues to recover.
U.S. factory production rose in December for the second straight month, buoyed by more output of autos, electronics and business equipment. Total industrial production beat analysts' expectations.
U.S. consumer prices were flat in December, pointing to muted inflation pressures that should help give the Federal Reserve room to prop up the economy by staying on its ultra-easy monetary policy path.
How politicians even explain the way the government spends money depends on what party they belong to and whether that party holds the White House or Congress.
Despite big earnings gains from the big public builders, overall confidence among the nation's home builders took a pause in January.
The government has a "spending problem" and that needs to change, former House Majority Leader Richard Gephardt told CNBC.
A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013.
China's growth is expected to have re-accelerated to near 8 percent in the fourth quarter of last year, but there are some troubling inconsistencies in the economy, according to the China Beige Book released on Wednesday.
Applications for U.S. home mortgages rose for a second straight week following three weeks of declines, data from an industry group showed on Wednesday.
The House of Representatives on Tuesday approved $50.5 billion in long-delayed federal disaster aid to victims of Superstorm Sandy, but not before Republicans flexed their budget-cutting muscle to strike some spending provisions.
As southern euro zone countries groan under the weight of austerity measures, the Baltic country Latvia has been so enthusiastic and seemingly successful in its application of austerity measures that even the International Monetary Fund (IMF) has warned Latvia to not go too far.
Europeans' appetite for turkeys and Christmas getaways pushed up the cost of living in the euro zone in December, but the European Central Bank expects the rate of inflation to cool this year.