The number of new U.S. jobless claims fell to a new three month low, suggesting a strengthening labor market.» Read More
Markets are relieved that the U.S. Congress has approved a deal to avert a "fiscal cliff", but analysts warn that investors now face a rocky two months ahead as negotiations over the debt ceiling begin.
The Senate approved the "fiscal cliff" deal in a late-night vote. House GOP leaders said, "The House will honor its commitment to consider the Senate agreement if it is passed." The House meets on New Year's Day.
Pimco's Mohamed El-Erian sees a 'micro deal' where there should have been a major undertaking.
If Washington reaches this deal on the "fiscal cliff," it's only going to make the debt-ceiling fight even more ferocious.
The top leaders in both parties on the House and Senate Agriculture committees have agreed to a one-year extension of the 2008 farm bill that expired in October, a move that could head off a possible doubling of milk prices next month.
Due to the "dysfunction and polarization" in Washington the U.S. economy faces a prolonged weak outlook, Pimco's Mohamed El-Erian told CNBC.
The euro zone sovereign debt crisis is far from over even though reform measures designed to address the roots of the problem are beginning to bear fruit, German Chancellor Angela Merkel has said in her New Year's address.
Activity in China's vast manufacturing sector hit its fastest pace in December since May 2011, a survey of private factory managers showed, with a sub-index for new orders pointing to continued strength in the new year.
After all that grand talk and bickering in Washington, it's time to temper expectations: If a deal is reached, it's likely to be much smaller than most expect.
Two small-company owners said the debt-deal debacle is weighing down Main Street. And politicians need to prioritize U.S. jobs.
With "fiscal cliff" talks going to the wire, President Obama said Friday he was optimistic that an agreement can be reached in time to avert the automatic tax increases and spending cuts that could throw the economy back into recession.
With the "fiscal cliff" days away, former George W. Bush economic advisor Ed Lazear told CNBC on Friday it would be a mistake to rush a deal that will have a lasting impact on U.S. economic growth.
Warren Buffett said he remains confident the U.S. debt problem will be fixed...eventually, despite all the political fighting that's been sparked by the "fiscal cliff."
Democratic and Republican sources involved in negotiations reported some progress Friday toward a potential deal averting the "fiscal cliff" ahead of an afternoon summit at the White House between President Barack Obama and congressional leaders.
If no "fiscal cliff" deal is reached, Americans could feel pain as taxes rise, unemployment benefits are cut and smaller changes take effect.
There’s a common misperception about the fiscal cliff — that the tax increases only apply to 2013. Not true. The Fiscal Times reports.
A measure of Americans who signed contracts to buy homes increased last month to its highest level in two and a half years, the latest sign of improvement in the housing market.
Business activity in the U.S. Midwest expanded in December, a report showed, boosted by a rebound in customer demand. But the pace of hiring in the sector was the slowest it has been in more than three years.
China's central bank will use various tools to ensure steady credit growth to support the economy while pursuing financial reform in the face of weakness and uncertainty in the global economic outlook, it said in comments published on Friday.
For Ian Barlow, Britain's tax authority has gone from being fearsome to being really rather nice.
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