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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.
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".