Economy
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Applications for home mortgages dropped last week for a second-straight week as a spike in interest rates stymied demand for refinancing, the Mortgage Bankers Association says.
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Congress waited for President Barack Obama to return from Hawaii and make one final attempt to avoid the "fiscal cliff."
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It's hard to see how lawmakers can avoid touching health insurance if they want to eliminate loopholes and curtail deductions so as to raise revenue and lower tax rates.
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As President Obama approaches his second term, he'll have to confront tough and shifting challenges that will play big roles in shaping the rest of his presidency and his place in history.
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The Bank of England that Mark Carney will inherit in July is uncertain of its next steps, and the U.K.'s economic outlook does not appear to be getting any better.
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This has been “an exceptionally political year," starting with the problems of the euro zone and concluding with all eyes on Washington as the U.S. teetered atop the “fiscal cliff."
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Experts say there are ways to fix Social Security. Politicians just may not like trying to sell those changes to the American people. NBCNews reports.
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Investors are fully aware that Japan's tensions with its neighbors have an important economic dimension, says one expert.
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The wealthy generally support higher income taxes, and that their support is growing, a new survey found.
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President Obama, trying to break the stalemate over the fiscal crisis, challenged Republicans on Friday to agree to a quick deal to prevent a tax increase for all but the wealthiest Americans and the expiration of long-term unemployment benefits.
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Arms sales will be on the agenda when Russian President Vladimir Putin visits India on Monday to court a country that has traditionally been a top client.
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Here is a simple way to think about the political calculus of Washington's latest twists and turns.
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"I think housing is going to continue to improve," says Mark Zandi, chief economist at Moody's Analytics. "So for the next 3 or 4 years we will see better home sales, more housing construction and higher house prices. All of which is good news for the economic recovery."
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Home prices and home buyer confidence are rising in tandem, as the housing recovery appears to be gaining steam
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U.S. consumer spending rose in November by the most in three years as incomes climbed, while a gauge of planned U.S. business spending rose much more than expected.
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A look at the future of "fiscal cliff" talks after last's night's defeat of "Plan B" in the House, with Rep. Steny Hoyer, (D-MD), and Barry Knapp, Barclays.
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House Democratic Whip Steny Hoyer told CNBC on Friday that Speaker John Boehner has to realize that he can't pursue partisan solutions.
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The threat of a longshoremen's strike that could close 15 ports from Massachusetts to Texas has shipping industry leaders, manufacturers and retailers warning of a "devastating blow" to the supply chain.
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U.S. consumer sentiment slumped as Americans were rattled by on-going negotiations to avert the tax hikes and spending cuts set to come into effect in the new year, data showed on Friday.
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Rep. Shelley Moore Capito, (R-WV), discusses the defeat of the House's "Plan B" bill and the next step in reaching a compromise on the looming "fiscal cliff."
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President Barack Obama nominated Sen. John Kerry as his next secretary of state, making the first move in a sweeping overhaul of his national security team heading into a second term.