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Economy

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  • 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.

  • One Quarter of US Has More Card Debt Than Savings Monday, 25 Feb 2013 | 7:52 AM ET

    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.

  • Toddlers to Teachers Face Pain From Budget Cuts Monday, 25 Feb 2013 | 4:27 AM ET

    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.

  • Which Tax Deductions Are Most Likely to Go? Sunday, 24 Feb 2013 | 11:19 AM ET

    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's Gross: Fed Not Vigilant Enough Friday, 22 Feb 2013 | 10:46 AM ET
    Bill Gross, co-chief investment officer of Pacific Investment Management Co.

    Pimco Founder Bill Gross called out the Federal Reserve on its vigilance in three major areas, during a CNBC interview.

  • EU Headquarters in Brussels, Belgium.

    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.

  • John Williams, president of the Federal Reserve Bank of San Francisco.

    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.

  • The Flu Hit American Workers Hard in January Friday, 22 Feb 2013 | 8:17 AM ET
    Aaron Lemma receives a flu shot by Dr. Sassan Naderi at the Premier Care walk-in health clinic which administers flu shots on January 10, 2013 in New York City.

    More American workers called in sick in January than during any month in nearly five years, the Bureau of Labor Statistics said this week.

  • St. Louis Fed President James Bullard

    The Federal Reserve's "very aggressive" easy money policy is going to stay that way for a "long time," St. Louis Fed President James Bullard told CNBC on Friday.

  • Despite Aid, Borrowers Still Face Foreclosure Friday, 22 Feb 2013 | 7:28 AM ET

    Homeowners who received help on their second mortgage are still facing foreclosure on their first mortgage, according to housing advocates, the New York Times reports.

  • Is This the Start of China's Tightening Cycle? Thursday, 21 Feb 2013 | 9:33 PM ET
    People's Bank of China in Beijing, China

    China's central bank moved earlier this week to drain liquidity from the market for the first time in eight months, leading to speculation over whether the world's second largest economy has embarked on a tightening cycle.

  • Automatic Spending Cuts Are a Joke: Druckenmiller Thursday, 21 Feb 2013 | 5:33 PM ET
    U.S. Capitol building

    The focus on the sequester is obscuring the real issue which is the exploding cost of entitlements, Stanley Druckenmiller founder of Duquesne Capital, told CNBC.

  • Automatic Spending Cuts May Bring Slower Growth Thursday, 21 Feb 2013 | 4:04 PM ET
    Rep. Lynn Jenkins., House Speaker John Boehner and Rep. Cathy McMorris Rodgers after the House Republican Conference meeting on Feb. 13.

    Federal spending cuts scheduled to begin next week would slow economic growth in the next year, though not nearly as much as going over the fiscal cliff might have, economists say. The New York Times reports.

  • Obamacare Wellness Programs Could Raise Health Costs Thursday, 21 Feb 2013 | 12:31 PM ET

    If you smoke, you might have to pay thousands extra for employee-based health insurance under Obamacare starting next year.

  • Unlike Boomers, Younger Americans Scale Back Debt Thursday, 21 Feb 2013 | 11:29 AM ET

    Americans under 35 are carrying substantially less debt than they were before the 2008 meltdown, according to an analysis released Thursday by The Pew Research Center. Yet they've also put off the big ticket purchases.

  • US Homeowners Rise Above Water on Mortgages Thursday, 21 Feb 2013 | 11:14 AM ET

    Fewer U.S. homeowners owe more on their mortgages than their homes are currently worth, according to a new report.

  • Voters Tune Out as Budget 'Sequester' Cuts Near: Poll Thursday, 21 Feb 2013 | 11:10 AM ET
    House Speaker John Boehner listens as President Obama gives his 2013 State of the Union address.

    The public is only dimly aware of automatic budget cuts set for next week despite weeks of dire warnings from Washington, according to a poll.

  • Ford Cleveland Engine Plant

    Ford is pumping $200 million and adding 450 workers to its Cleveland Engine Plant as it moves to meet growing demand for more fuel efficient models.

  • Existing Home Sales Tick Up; Philly Fed Drops Thursday, 21 Feb 2013 | 10:01 AM ET
    A construction worker uses a hammer at a new housing development in San Mateo, California.

    U.S. home resales edged higher in January and left the supply of homes at its lowest level in 13 years, a sign that steam is gathering in the U.S. housing market.

  • Jobless Claims Move Up; Inflation Pressure Builds Thursday, 21 Feb 2013 | 10:01 AM ET

    Weekly jobless claims moved up while rising prices pointed to some inflation pressure, economic reports showed Thursday.

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