The number of Americans filing new claims for unemployment benefits plunged, adding to bullish signals on the labor market.» Read More
Australian Treasurer Joe Hockey told CNBC the U.S. government shutdown has taught his country a lesson on how not to handle their domestic problems.
The federal government is already running on fumes and the Treasury's best guess is they can make it through Thursday—but no one knows for sure.
A new study concludes that the fiscal uncertainty created by our crisis government costs the U.S. a full point of GDP and about 900,000 jobs.
Three American scientists won the 2013 economics Nobel prize on Monday "for their empirical analysis of asset prices," the award-giving body said.
CNBC's Steve Liesman takes a look at how fourth quarter GDP will fare as the results of the real effects of the shutdown.
The expectation that a debt deal may be forthcoming from talks in the Senate is "very possible," Sen. Bob Corker told CNBC.
The chief of the IMF, Christine Lagarde, weighed in on the U.S. debt ceiling dilemma, warning that 'creative accounting' would not be the solution.
Though average Americans have no control over whether the U.S. debt ceiling is raised, a default could have a direct impact on their finances.
Millions of recipients, disabled veterans and federal retirees can expect historically small increases in their benefits come January.
U.S. consumer sentiment deteriorated in October to its weakest level in nine months as the first federal government shutdown in 17 years undermined Americans' outlook on the economy.
Republicans were prepared to offer a deal featuring both an increase in the debt limit and an end to the government shutdown in return for spending cuts.
The more Wall Street is convinced that Washington will act rationally and raise the debt ceiling, the less pressure there will be on lawmakers.
U.S. small business optimism slipped in September, but remained fairly upbeat on sales and expansion prospects.
Greg Valliere, chief political strategist at Potomac Research Group, estimates the chance of a U.S. default at 10 percent and highlights that the impact of a prolonged shutdown would be "corrosive".
The International Monetary Fund (IMF) sliced its growth expectations for emerging countries on Tuesday, but maintained them for advanced economies.
Just how big is the number of furloughs from the shutdown? And what does having that many workers sent home without pay really mean for the economy?
Consumer delinquencies rose slightly as a sluggish economy weighed on borrowers' ability to pay down debt, the American Bankers Association said.
Since the official September employment report was not released as scheduled on Friday because of the government shutdown, CNBC crunched the numbers.
If investors put their trading hats on, they may be able to protect themselves from a possible default and even possibly come out ahead.
With no jobs report to trade on, markets instead will bounce off the words of the politicians responsible for shutting down the Labor Department.
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