Economic growth slowed in the fourth quarter as weak business spending and a wider deficit offset the fastest pace of consumer spending since 2006.» Read More
With the government shutdown over, federal statisticians and economists face an uphill battle issuing the economic data reports that move markets.
The deal reached also fails to address fundamental issues, said Pimco's Mohamed El-Erian told CNBC on Thursday.
With Washington's debt battle over, markets will quickly shift focus to earnings and how much the government shutdown actually impacted the economy.
U.S. politicians may have side-stepped a debt default on Wednesday, but currency analysts have told CNBC that the dollar's status as a reserve currency will suffer long-term.
The economy grew at a "modest to moderate" pace over the past month, though concerns over the fiscal impasse were a concern, according to the Fed.
Two surveys indicate consumers are scaling back or plan to due to the shutdown—a worrying trend for retailers as they head into the holiday season.
Berkshire Hathaway's chairman said he doesn't expect the U.S. will default on its debt, but if it does it would be a "pure act of idiocy."
Larry Fink, chairman and CEO of BlackRock, said that "kicking the can down the road could cause lasting damage to consumer confidence and CEO behavior in terms of job creation."
The agency's sovereign ratings head, John Chambers, says it will be less expensive for the country to make changes now.
"The world is looking at the United States and asking the question. 'Can we effectively govern ourselves?'" Leon Panetta tells CNBC.
Wall Street's bulls may be partying hard on the prospect of a Washington debt deal, but the actual vote is likely to trigger a "sell the news" letdown.
Pimco founder Bill Gross warned Treasury investors that this type of gridlock is likely here to stay.
Washington may have just swung at strike three of its efforts this year to scare Wall Street into doing its bidding.
How destructive would a US default be? John Chambers, chairman of the sovereign ratings committee at Standard and Poor's, has a grim answer.
Financial markets are holding out for a deal in Washington to avert a debt default but that patience could fade quickly if a deal is not reached soon.
Fitch Ratings put the US government's AAA credit rating on 'rating watch negative' Tuesday
The amount of money going into hedge funds hit a five-year high in September, a sign that the industry is returning to pre-financial crisis levels.
There are scenarios in which the U.S. goes into sustained default, but it's more likely we narrowly avoid disaster and resume the fight in January.
All doom-and-gloom aside, the federal government is unlikely to run out of money Thursday, even if the latest hopes for a budget deal don't pan out.
One of three American economists who won the 2013 economics Nobel Prize on Monday expressed alarm at the rapid rise in global housing prices.
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