Although economist have trimmed their estimates for second-quarter GDP, they don't believe the economy will hit a recession this year or next.» Read More
Germany has ignored calls from its euro zone partners for more economic stimulus by tabling plans to cut spending and balance its budget ahead of schedule on the eve of an EU summit dedicated to growth. The Financial Times reports.
President Obama is warning that it may be impossible to reach a deal with Republicans on trimming the budget deficit.
U.S. business inventories rose by the most in more than 1-1/2 years in January as sales fell, suggesting restocking of warehouses will boost economic growth this quarter.
Retail sales rose more than expected in February as Americans bought motor vehicles and a range of other goods even as they paid more for gasoline.
Despite economic headwinds and uncertainty in Washington, US consumers are rocketing ahead, leading analysts to revisit their GDP forecasts for the first quarter.
Mortgage rates spiked last week, sapping demand for home loans on the heels of a sharp rebound in applications the previous week, data from an industry group showed on Wednesday.
Democrats will unveil a budget blueprint that will slice the deficit by $1.85 trillion through spending cuts and tax increases.
Global oil demand is set to be depressed by weak economic growth throughout 2013 while soaring U.S. oil production gives consumers a cushion to withstand most supply outages, the IEA said.
Rep. Paul Ryan insists that his plan to balance the budget by, in part, defunding Obamacare is the right thing to do.
The retail sales report to be released Wednesday morning will help show how much higher payroll taxes and rising gas prices are hurting American pocketbooks.
Rep. Paul Ryan called his third budget an "invitation" to President Barack Obama and Senate Democrats to begin bargaining toward a deal to balance the budget.
The stock market rally and economic recovery are missing a typical key element - a house call from Dr. Copper.
For many Americans, the improving economy has yet to take hold even as they hear about a stronger stock market and better jobs data.
The Federal Reserve's eventual hand-off from assisted economic growth to "genuine growth" will be key to the future direction of the stock market, Mohamed El-Erian, Pimco CEO and co-CIO, told CNBC.
The budget-balancing plan from Congressman Paul Ryan is a "total uncompromising" blueprint, Rep. Chris Van Hollen, ranking member on the panel, told CNBC.
Small-business owners' confidence edged up just slightly in February, but Main Street is showing signs of a surge in optimism or hiring.
Confidence among small businesses rose in February as owners shrugged off a tightening in fiscal policy and raised plans to increase capital spending and restock their warehouses.
Although the spending plans will be miles apart ideologically, there are signs a compromise is possible, the New York Times reports.
Loose monetary policy by central banks around the world has made us sick, according to Societe Generale's former strategist Dylan Grice, who says that cheap money has caused divisions in society and in some cases could even add to the risk of war.
The political risks to the euro zone and its currency have receded and if the area stays on the "right track," the region's crisis could be largely over by the end of the year, Holger Schmieding, chief economist at Berenberg Bank, told CNBC.