NY Fed President William Dudley outlined some bright spots in the US recovery from recession, but he stressed that the labor market is still hobbled.» Read More
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.
Poor Japanese manufacturing data on Friday gave new Prime Minister Shinzo Abe more ammunition to push for big spending and easy money to salvage the world's third largest economy from decades of deflation and its fourth recession since 2000.
President Obama will meet with congressional leaders on Friday in a last-ditch effort to avert a fiscal crisis. The NYT reports.
After a week of negotiations, The Federal Mediation and Conciliation Service announced that an agreement has been reached between the International Longshoremen's Association and the U.S. Maritime Alliance.
Business managers have blamed uncertainties over the looming "fiscal cliff" for their lack of new hiring. We may be about to find out just how justified those fears are.
New U.S. single-family home sales accelerated in November to the fastest pace in 2 1/2 years and median sales price jumped, but economic optimism was tempered by a report showing falling consumer confidence.
The number of Americans filing new claims for unemployment aid fell last week to nearly its lowest level in 4 1/2 years, a sign that the labor market is healing.
Roger Nightingale, Economist at RDN Associates argues the "fiscal cliff" doesn't matter and the U.S. economy will head into recession, irrespective of what Congress and the White House do.
The International Longshoremen's Association and the U.S. Maritime Alliance will go back to the negotiation table to try to avert a longshoreman's strike that would close 15 ports from Massachusetts to Texas.
Annual growth of China's industrial profits quickened to 22.8 percent in November from October's 20.5 percent, official data showed on Thursday, reinforcing signs of a steady economic recovery thanks to pro-growth policies.
Treasury Secretary Timothy Geithner on Wednesday notified Congress that the U.S. is going to hit the debt ceiling on New Year's Eve.
Starbucks will use its ubiquitous coffee cups to tell U.S. lawmakers to come up with a deal to avoid going over the "fiscal cliff'' and triggering automatic tax hikes and spending cuts.
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