The Fed may have to get even more aggressive if its efforts to tighten aren't reflected in short-term rates, he said.» Read More
The trade deficit between the world's two largest economies cost the U.S. $37 billion in lost wages in 2011 and could get worse, a study shows.
Retail gas prices have dropped at the fastest rate in nearly a year to the lowest national average since January.
As investors prepare for political stalemate in Washington, many argue a shutdown should be short-lived, but how will markets take the news?
Janet Yellen found love at the Fed. She met him at a luncheon in 1977, launching a whirlwind romance that led to marriage in less than a year.
The risk of a delay to Friday's U.S. jobs release as a potential government shutdown looms could deal financial markets a huge blow, analysts say.
More than $1 billion has been wiped off earnings estimates for five Wall Street banks on fears of a decline in trading revenues. The FT reports.
Obama said his message to Congress is: Do not shut down the government, do not shut down the economy. He also said he spoke with Iran's president.
Lobbying for Larry Summers as Fed chairman should have happened earlier and been more aggressive, according to friends who spoke to CNBC.
U.S. consumers increased their spending last month as their income grew at the fastest pace in six months.
Consumer sentiment slid to its lowest in five months as consumers saw higher interest rates and sluggish economic growth ahead, a new survey showed.
"We are in the middle of an epic credit bubble...the likes of which I haven't seen in my career," said Blackstone's global head of private equity.
The Obama administration proposed a $300 million aid package to help Detroit demolish buildings, improvement transportation and bolster the police.
In 2011, debate raged in the markets over whether the Fed would embark on a third round of massive bond purchases. Pimco wasn't waiting to find out.
The Fed could start reducing its asset purchases this year based on economic forecasts but the decision could be pushed into next year, a top Fed official said on Friday.
The U.S. Federal Reserve has engineered a housing bubble to divert attention away from growing inequality in the country, according to Societe General strategist Albert Edwards.
The Obama administration has delayed by a month online sign-ups for federal small-business health-care exchanges, an administration official said.
The number of Americans filing new claims for jobless benefits fell last week to a near six-year low, while economic growth in the second quarter was unchanged at 2.5 percent.
House Speaker John Boehner urged his unruly caucus to show flexibility over a measure to keep the government open, a fellow Republican said.
Former Obama budget chief Peter Orszag told CNBC on Thursday he'd rather see a government shutdown than risk a default on the nation's debt.
Obamacare requires most Americans to obtain health insurance by 2014—and millions will be buying coverage from health insurance exchanges.