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Economy

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  • US May Expand Mortgage Refinance Program: Report Wednesday, 26 Dec 2012 | 6:30 AM ET

    The U.S. government is considering expanding its mortgage refinancing program to include borrowers whose mortgages are not backed by Fannie Mae and Freddie Mac, the Wall Street Journal reported.

  • Obama Picks El-Erian to Head Global Development Council Wednesday, 26 Dec 2012 | 10:59 AM ET
    Mohamed El-Erian, CEO PIMCO

    Pimco CEO Mohamed A. El-Erian has been named chairman of President Barack Obama's Global Development Council, which was created to help boost global development.

  • US Holiday Retail Sales Growth Weakest Since 2008 Tuesday, 25 Dec 2012 | 9:43 PM ET

    U.S. holiday retail sales this year were the weakest since 2008, when the nation was in a deep recession.

  • Obama Returning for Last-Ditch 'Fiscal Cliff' Talks Tuesday, 25 Dec 2012 | 11:15 PM ET

    Congress waited for President Barack Obama to return from Hawaii and make one final attempt to avoid the "fiscal cliff."

  • Obamacare Tax Hikes May Just Be Getting Started Tuesday, 25 Dec 2012 | 3:20 PM ET

    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.

  • What Issues Obama May Tackle in Second Term Monday, 24 Dec 2012 | 12:36 PM ET
    President Obama  speaks Dec. 6, 2012, while visiting a home in northern Virginia to discuss his plan to extend tax cuts for 98 percent of Americans.

    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.

  • Will the Bank of England Ditch Its Inflation Target? Tuesday, 25 Dec 2012 | 6:29 AM ET
    Canadian Central Bank Governor Mark Carney

    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.

  • Why Politics Could Spring a Nasty Surprise in 2013 Monday, 24 Dec 2012 | 2:19 AM ET

    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."

  • What a Social Security Fix Will Probably Look Like Monday, 24 Dec 2012 | 10:47 AM ET

    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.

  • Why Japan Needs a 'Love Thy Neighbor' Policy Sunday, 23 Dec 2012 | 9:35 PM ET
    Protesters shout anti-Japan slogans near the Japanese Consulate General in Shanghai, China.

    Investors are fully aware that Japan's tensions with its neighbors have an important economic dimension, says one expert.

  • Rich: Tax Us More, Please Friday, 21 Dec 2012 | 1:47 PM ET

    The wealthy generally support higher income taxes, and that their support is growing, a new survey found.

  • Obama: 'I Still Think We Can Get This Done' Friday, 21 Dec 2012 | 6:16 PM ET
    President Barack Obama

    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.

  • As Putin Visits India, Arms Sales, Trade on Agenda Sunday, 23 Dec 2012 | 7:10 PM ET
    Russian President Vladimir Putin

    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.

  • Pimco's El-Erian: Ugh, Recession Is Now More Likely Friday, 21 Dec 2012 | 10:58 AM ET

    Here is a simple way to think about the political calculus of Washington's latest twists and turns.

  • "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."

  • Mortgage Recovery Still Rocky Friday, 21 Dec 2012 | 1:16 PM ET

    Home prices and home buyer confidence are rising in tandem, as the housing recovery appears to be gaining steam

  • Spending Rises Most in Three Years; Orders Jump Friday, 21 Dec 2012 | 8:52 AM ET

    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.

  • Is 'Cliff' Compromise Possible?  Friday, 21 Dec 2012 | 8:31 AM ET

    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.

  • Boehner Needs to Stop Partisan Approach: Hoyer Friday, 21 Dec 2012 | 9:41 AM ET
    Rep. Steny Hoyer

    House Democratic Whip Steny Hoyer told CNBC on Friday that Speaker John Boehner has to realize that he can't pursue partisan solutions.

  • Another 'Cliff': US Faces Devastating Port Strike Friday, 21 Dec 2012 | 10:42 AM ET

    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.