U.S. consumer prices moderated in April on weak gasoline prices, but rising shelter and medical care costs boosted underlying inflation pressures.» Read More
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.
Hours after announcing the House would hold an evening vote on a GOP-crafted measure the vote was delayed, kicking the debate back to the Senate.
Puerto Rican government representatives held a presentation for investors, as the commonwealth tries to calm them about its debt load.
Regulators and investors seem to disagree with recent calls for the ouster of the head of JPMorgan over the bank’s expensive legal troubles.
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.
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