Activity in the U.S. services sector held at its highest level in 4-1/2 years in July, though new business and employment growth weakened.» Read More
"We cannot afford for Congress to gamble with the full faith and credit of the United States of America," Lew said.
As the U.S. economy is gaining traction, economists argue that the growth is why things look bad for the dollar and bond markets.
No Larry Summers at the Fed may have triggered a bigger market reaction than the Fed will muster with its own policy statement Wednesday.
AAA has come up with a sobering statistic: the average price of gasoline will surpass $3 per gallon Tuesday for the 1,000th consecutive day.
Industrial production rose as a bounce back in motor vehicle assembly lifted manufacturing output, a hopeful sign for the economy.
Pimco's Mohamed El-Erian told CNBC he expects a $10 billion to $15 billion reduction.
The pace of growth in New York state's manufacturing sector unexpectedly slowed this month but firms' outlook brightened.
Despite opposition, the White House might still have muscled Larry Summers into the Fed chair but it would have meant cutting deals.
The employment gap between high- and low-income families has stretched to its widest levels since officials began tracking the data a decade ago.
U.S. consumer sentiment fell to a five-month low in September, with Americans worried that higher interest rates will put a damper on the housing market and overall growth.
Alberto Gallo, head of European macro credit research at RBS, tells CNBC that they remain positive on Europe and believe there are signs of a turnaround.
U.S. retail sales rose less than expected in August even as demand increased for automobiles and other big-ticket items.
Minimum wage workers in California would earn $10 an hour by 2016 under a bill passed by the legislature on Thursday.
Consumers are sticking to frugal habits developed in the recession even as developed economies recover, suggesting some changes could be permanent.
Fed contender Larry Summers, who has been criticized for being too cozy with Wall Street, has canceled all events with Citigroup while Obama mulls his decision.
Marking the anniversary of the Sept. 11, 2001 attacks, al-Qaeda calls on Muslims to "bleed" America financially with attacks on its economy.
Yellen or Summers? A former Fed official and hundreds of economists are making the case for why Yellen should be the next Fed chair.
Wholesale inventories rose less than expected, suggesting restocking will probably not contribute much to economic growth in the third quarter.
Five years after the financial crisis broke out, Morgan Stanley CEO James Gorman said there's little chance of something similar happening again.
In the nearly five years since the Lehman bankruptcy, two former Treasury officials disagree over whether Fed policy will lead to another crisis.
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