The number of new U.S. jobless claims fell to a new three month low, suggesting a strengthening labor market.» Read More
U.S. wholesale inventories rose more than expected in October as sales fell for the first time in three months, according to a government report on Tuesday.
The U.S. trade deficit widened in October as exports suffered the biggest drop in nearly four years.
A crucial part to the "fiscal cliff" talks: Will lawmakers extend unemployment benefits?
Greece's bond buyback scheme failed to meet its target by a relatively narrow margin on Tuesday but still left international lenders with a 450-million euro hole in their plan to cut the country's huge debts to a more manageable level.
CNBC Fed Survey reveals Wall Street is increasingly worried Washington will push the U.S. economy into recession.
When he won the race to become Italy's center-left candidate, Pier Luigi Bersani said his Democratic Party would have to win by telling "the truth, not fairy tales".
"Raising taxes is always bad for the economy," Americans For Tax Reform President Grover Norquist told CNBC.
The impending U.S. "fiscal cliff" that is causing uncertainty in global markets should not result in rushed reforms in the country's tax code, causing potential harm to the economic recovery, said Steve Forbes, chairman and editor-in-chief at Forbes Media.
Growth in the U.S. is set to easily outpace the euro zone but the U.S. "fiscal cliff" is concerning strategists to such an extent that Europe, despite its on-going economic woes, looks like a better investment strategy.
The U.S. Treasury is selling its remaining stake in insurer American International Group, bringing an end to government ownership of the company about four years after a $182 billion bailout.
Here are four indicators that we're still on track for a deal. As long as all these dynamics continue to play out, markets should bet that its unlikely we'll go over the fiscal cliff at the end of the year.
Republicans need to let tax rates on the rich rise to change the debate from taxes to more important entitlement reforms, Republican Senator Bob Corker told CNBC on Monday.
The fight over revenue has largely focused on income taxes for the rich. But a dispute over "the other rich tax" looms in Washington.
The Fed meets this week, and is widely expected to continue buying more Treasuries to help boost growth.
Mario Monti’s announcement that he will step down as Italy’s Prime Minister represents a significant setback in the euro zone’s rehabilitation, analysts warned on Monday, with the decision set to push up Italian bond yields and heap pressure on the euro as well as push Spain closer to the edge of a funding crisis.
"There's a 40 percent chance of a fiscal cliff deal before year end," Erskine Bowles, co-chair of President Obama's 2010 debt commission, told CNBC.
President Barack Obama and his Republican opponents in Congress enter a crucial week in the "fiscal cliff" impasse with more than just differences over taxes to bridge.
Friday's U.S. non-farm payrolls showed a surprise fall to a 4-year low of 7.7 percent as the U.S. economy added 146,000 jobs in November.
Governments in the Gulf region of the Middle East worry the uptick in U.S. production could fuel broader regional disengagement.
China's trade numbers for November came in far below expectations, however, economists are confident the slump in export growth will not derail the recovery in the world's second largest economy.
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