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Throughout Europe's debt crisis, northern European leaders have often said they will not stand for taxpayers having to fork out for other countries' problems, and the notion of "taxpayer-funded bailouts" has taken root.
The rot spreading through euro zone manufacturers persisted through April, a business survey showed, bolstering expectations for an interest rate cut by the European Central Bank later on Thursday.
The Fed's commitment to loose monetary policy is likely to lead to asset and equity bubbles in the next two years which could be worse than the previous crisis, renowned economist Nouriel Roubini said in an opinion piece for Project Syndicate.
The Harvard economists have responded once again to the ongoing contentious debate over whether tough austerity measures are helpful or harmful.
The Pentagon is preparing to ask Congress soon for more authority to shift funds to cope with automatic spending cuts, confronting lawmakers with another exception to the "sequester."
Ford, facing greater demand for its F-Series trucks, is adding a third shift and hiring more than a thousand new workers at its final assembly plant in Claycomo, Missouri.
China's factory-sector growth eased in April as new export orders fell for the first time this year, a private survey showed on Thursday, suggesting the euro zone recession and sluggish U.S. demand may be reining in China's recovery.
With reassurances that the Fed will keep on easing, markets turn their attention to the European Central Bank Thursday, hoping for a rate cut.
The Federal Reserve held fast to its ultra-accommodative monetary policy, solidified by what board members described as an economy weakened by fiscal policy.
In a matter of moments, the Boston Marathon bombings inflicted as much as $333 million in damage to the local economy. Here's a breakdown.
Looking to Friday's jobs report, more job cuts are on the way as the river of government spending flowing through the U.S. economy continues to slow as a result of sequestration.
Speculation is mounting that the European Central Bank will cut its interest rate of 0.75 percent to 0.5 percent on Thursday to boost growth. Do you think it should?
The pace of US manufacturing growth slowed in April, an industry report showed on Wednesday. A separate report showed that construction spending fell in March.
Erskine Bowles, former co-chair of the president's debt commission, told CNBC that a "Grand Bargain" on deficit reduction is "on life-support," with the chances reaching it "north of zero" percent.
Manufacturing job growth, which included adding a half million workers between January 2010 and the middle of last year, has hit a plateau over the last six months.
Revisions will probably show the economy has been bigger than its stated $15 trillion. That won't mask the reality that this is the worst economy in 83 years.
The gloomy news continued for jobs as ADP reported Wednesday that private companies created just 119,000 new positions in April.
Applications for U.S. home mortgages rose last week, fueled by demand for refinancings as interest rates dropped, data from an industry group showed on Wednesday.
The European Central Bank (ECB) and its board members are gathering in the Slovakian capital of Bratislava for what could be one of the most interesting ECB meetings in some time.
U.S. gas prices saw their cheapest April in three years, the AAA says, bringing hopes of relief at the pump just as the summer driving season picks up.
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