A stunning acceleration in second quarter growth and a jump in inflation triggered a new round of speculation that the Fed will have to speed up plans to hike rates.» Read More
President Obama submitted a 244-page budget proposal. The Fiscal Times dug through and found five critical—but easily overlooked—takeaways. Here they are.
New claims for unemployment benefits fell more than expected last week while import prices fell in March as weak petroleum costs offset a spike in food prices.
For President Obama, new revenues depend on curbing deductions for affluent taxpayers and implementing Warren Buffett's minimum 30 percent tax for millionaires.
Top executives in Silicon Valley are pushing for immigration reform that allows more skilled foreign workers into the U.S.
Retailers broadly missed analysts' estimates for same-store sales in March, a month that typically sees cold weather and slow hiring in the early weeks.
A top Federal Reserve official took an early stab at how the central bank should reduce its swelled balance sheet to a more normal size in the years ahead, arguing the current plan may need some adjusting.
The number of U.S. homes lenders repossessed fell in March to the lowest level in more than five years, though more properties entered the foreclosure process in a reminder that the market has a long way to go to full recovery.
Many Americans believe the sequester budget cuts harm the economy, even though most see little impact on their own families, a new NBC/WSJ poll shows.
One is, as always, expressing the president's priorities. The second is to lure Congressional Republicans, again, into negotiations for a budget "grand bargain."
President Barack Obama called the sequester reckless and said his 2014 budget proposal a "fiscally responsible blueprint for middle class jobs and our economy."
President Obama sent Congress a $3.8 trillion spending blueprint on Wednesday that strives to achieve a "grand bargain" to tame runaway deficits, raising taxes on the wealthy and trimming popular benefit programs.
The Federal Reserve released the minutes of its latest Federal Open Markets Committee Meeting earlier than planned Wednesday, a day after the transcripts were inadvertently sent out to a select few.
Federal Reserve policy makers worried about increased risks due to the central bank's aggressive monetary stimulus, though most view those dangers as "manageable" for now.
It is too soon for the Federal Reserve to consider tapering or halting its asset purchases, Atlanta Fed President Dennis Lockhart said on Wednesday.
Mortgage applications rose last week, driven by improved refinance demand as interest rates tumbled, an industry group said on Wednesday.
Federal Reserve hawks who hope for an early end to ultra-easy monetary policy are an "irritant" and should be ignored, an economist said on Wednesday.
China saw export growth of 10 percent year on year in March while exports to the U.S. and Europe, its two biggest markets, continued to slump, which is making analysts question the reliability of the data.
Germans are one of the poorest groups in Europe, according to the surprising findings of a joint survey by various divisions within the European Central Bank.
The effort by U.S. Treasury secretary Lew to persuade Europe to consider shifting its focus from budget balance to growth highlighted a deep trans-Atlantic policy gulf, the NYT reports.
After Portugal's rejection of the cost-cutting measures on which its bailout package depends, Invesco Perpetual's chief economist has added his voice to the anti-austerity camp, warning it could lead to "almost endless depression".