U.S. consumer prices rose in June as the cost of gasoline surged, pointing to a gradual build up of inflationary pressures.» Read More
U.S. new-home sales jumped in January from the previous month to the highest level since July 2008, while a separate report showed that consumer confidence picked up much more strongly than expected in February.
U.S. single-family home prices picked up in December, closing out 2012 with the biggest yearly gain in more than six years as the housing market got back on its feet.
Former Clinton Treasury Secretary Lawrence Summers argued on CNBC for a "balanced approach" because President Barack Obama has agreed to more spending cuts.
America's seniors appear to have grown more burdened by debt in recent years, and experts say a likely culprit is medical expenses.
As $85 billion in spending cuts loom, people across the country who rely on the government were trying to fathom what it would mean for them. The NYT reports.
Another blizzard bore down on the nation's midsection early Tuesday after lashing the Texas Panhandle with hurricane-force winds, closing highways and cutting power to thousands in Texas, Oklahoma, and Kansas.
More Americans fell behind on their auto loan payments in the last three months of 2012, when some borrowers' financial obligations temporarily take a backseat to spending on holiday shopping.
Paying for your child's education is a laudable goal, but may not be realistic for some parents who could wind up jeopardizing their own financial future in order to put their children through college.
The White House mistakenly thought that Republicans could never stomach cuts to the Defense Department, which constitute half of the reductions in the sequester. This was a terrible misreading of the Tea Party-infused GOP, the Fiscal Times reports.
A new bipartisan deficit-reduction plan to slash a massive $600 billion from U.S. healthcare spending over two decades has policy experts scratching their heads over how such an ambitious target can be reached.
Consumers could be foreshadowing a new recession. Coupons.com releasing its Internet Coupon Index exclusively to CNBC. It shows a spike in coupon offers and demand that hasn't been seen since just before the 2007 recession.
President Obama isn't "moving the goal posts" by asking for more revenue to avoid the automatic spending cuts, White House economic adviser Gene Sperling told CNBC.
Likely government budget cuts and the prospect for messy political fights over fiscal policy will weigh on the U.S. economy this year and hold growth to a tepid 2.4 percent, according to a new survey of forecasters published.
A major winter storm threatened to bring blizzard conditions to parts of the central Plains Monday, less than a week after record amounts of snow blanketed the region.
Add the 16 percent who say they have neither credit card debt nor savings, and 40 percent of the population says they are close to the edge of ruin.
The White House issued more dire warnings about the harm the cuts will do to Americans, breaking down the loss of jobs and services to each of the states.
Some tax loopholes and deductions are under immediate scrutiny in efforts to cut the deficit and raise revenues. But questions remain on whether closing or reducing deductions will raise revenues and make the tax code fairer.
Pimco Founder Bill Gross called out the Federal Reserve on its vigilance in three major areas, during a CNBC interview.
The euro zone will not return to growth until 2014, the European Commission said on Friday, reversing its prediction for an end to recession this year.
Despite an increasingly large Fed balance sheet, a top official at the central bank said the fear of losing money should not stop it from providing aggressive support to the U.S. economy now.
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