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
President Obama and House Speaker John Boehner met for 45 minutes Monday in hopes of reaching a deal to avoid the "fiscal cliff," but the White House suggested later that it was not budging from its plan.
The House Speaker says he is now willing to raise taxes on Americans making more than a $1 million a year. Conservatives have been staunchly opposed to raising taxes on anyone next year, regardless of income bracket.
It may be time to reconsider an assault weapons ban after the massacre at Sandy Hook Elementary School in Connecticut, Sen. Joe Manchin, a West Virginia Democrat and member of the NRA, told CNBC.
In 2013, the economy will be hard pressed to accomplish the 2 percent growth registered this year, and unemployment only will continue falling if more adults opt out of the labor market or settle for part-time work.
For all its symbolic value, the House Speaker John Boehner's plan to tax million-plus incomes would raise only modest revenues compared to the Obama plan.
Richmond Federal Reserve President Jeffrey Lacker, the only Fed member to oppose the new numerical targets for unemployment and inflation, told CNBC Monday that it will take three more years before the US jobless rate falls to the targeted 6.5 percent.
Manufacturing in New York state declined for a fifth straight month in December as new orders shrank and the labor market remained weak, a report showed on Monday.
The U.S. economy will stay on a moderate growth path in 2012 amid weak consumer spending and business investment, a new survey published on Monday said.
While only time will tell whether Japan's incoming Prime Minister Shinzo Abe wins the war against deflation, one thing is clear. The central bank will be pushed to be far more aggressive than it has ever been.
The obscure islets at the center of bitter spats between China and its neighbors have become a flashpoint that could get hotter and embroil America.
Millions of Americans will get hit by big tax increases a lot sooner than many realize if Congress and the White House don't agree on a plan to skirt the year-end fiscal cliff - in fact, they already have.
Nike recently said it would consider investing in growth outside the state unless there were guarantees that the company's tax status would not change in the near future.
Manufacturing grew at its swiftest pace in eight months in December, buoyed by increases in domestic and overseas demand.
The White House and many congressional Republicans are now looking at a modest deal that would extend current tax rates for most Americans and leave vexing issues for the new year.
President Obama says he won't go after Washington state and Colorado for legalizing marijuana.
U.S. consumer prices fell in November for the first time in six months, pointing to muted inflation pressures that should allow the Federal Reserve to stay on its monetary policy path.
Dallas Fed President Richard Fisher has said he is worried the Fed is in a "Hotel California" type of monetary policy because of its "engorged balance sheet."
During a visit to the Bank of England on Thursday, the Queen was overheard asking whether a "lax" attitude to financial regulation had contributed to the financial crisis.
Faced with the risk of a hard landing earlier this year, China's economy is now in the midst of a robust rebound, prompting economists to make bullish forecasts for growth in the new year.
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