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Economy

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  • Car Buyers Taking Out Bigger Loans, Set New Record Tuesday, 5 Mar 2013 | 8:22 AM ET

    American car buyers, attracted by new models and cheap financing, are taking out bigger auto loans and stretching out the terms of those loans to a new record length.

  • Sequester Leaves US in 'Fantasy World': Analyst Tuesday, 5 Mar 2013 | 3:10 AM ET

    As a deadlock continues over automatic spending cuts, an analyst told CNBC the United States is living in a "fantasy world" and will need to implement trillions more in budget reductions.

  • Wholesale government spending cuts should not be the core of the U.S. deficit reduction program, according to a new survey of economists.

  • How the Student Loan Crisis Drags Down Home Prices Monday, 4 Mar 2013 | 6:40 AM ET

    Outstanding student debt is beginning to impede the economy as a whole, a new report suggests, chiefly by robbing the housing market of its richest crop of new buyers: young college graduates.

  • GOP Clings to One Thing It Agrees On: Spending Cuts Monday, 4 Mar 2013 | 6:15 AM ET
    House Speaker John Boehner listens as President Obama gives his 2013 State of the Union address.

    Four months after Mr. Obama won a second term, the only issue that truly unites Republicans is a commitment to shrinking the federal government through spending cuts, low taxes and less regulation. The NYT reports.

  • President Barack Obama raised the issue of cutting entitlements as a way out of damaging budget cuts, as both sides in Washington tried to limit a fiscal crisis that may soon hit America.

  • Obama Says 'Sequester' Crisis Is 'Just Dumb' Friday, 1 Mar 2013 | 12:23 PM ET
    President Barack Obama speaks after meeting Friday with congressional about budget cuts.

    President Obama blamed Republicans' refusal to close `wasteful' loopholes for the automatic budget cuts going into effect Friday, and said Americans will get through the crisis.

  • Home Buyers Are Back, but Where Are the Houses? Friday, 1 Mar 2013 | 11:36 AM ET

    The first official day of Spring may still be 20 days away, but the Spring housing market is already underway. Buyer traffic is rising along with home prices, but one traditional Spring phenomenon is sorely absent: rising supply. The raw number of homes for sale is now at its lowest level in over 13 years, according to the National Association of Realtors, and the numbers continue to fall.

  • For Americans, Income Falls but Spending Goes Up Friday, 1 Mar 2013 | 10:04 AM ET

    U.S. consumers increased spending modestly in January from December. Income plunged by the most in two decades, although the decline followed a one-time surge in December.

  • Manufacturing Surges at Best Rate Since June 2011 Friday, 1 Mar 2013 | 10:01 AM ET
    Employee John Carrier loads parts into a machine at the Mennie Machine Co. in Mark, Illinois, U.S.

    The pace of growth in the U.S. manufacturing sector picked up to its fastest rate in over a year and a half in February as new orders continued to accelerate, while a separate report showed U.S. construction spending fell.

  • US Consumer Sentiment Boost by Jobs Optimism Friday, 1 Mar 2013 | 9:56 AM ET
    Consumers shop for televisions in Walmart.

    U.S. consumer sentiment rose in February as Americans were more optimistic that the jobs market will improve, even as confidence in fiscal policy was near all-time lows, a new survey showed.

  • Time to End the ‘Monetary Ritalin’: Fed’s Fisher Thursday, 28 Feb 2013 | 5:52 PM ET
    Richard Fisher

    With the economy starting to improve, the Federal Reserve should begin to end its bond purchases, Richard Fisher, Federal Reserve Bank of Dallas President, told CNBC.

  • Shifting Gears to Woo a Cautious Consumer Thursday, 28 Feb 2013 | 11:52 AM ET

    The American paycheck's not the only thing that's shrinking as big business thinks of creative ways — from smaller packages to deep price cuts — to capture the hesitant consumer's dollar amid signs of weak sales.

  • US Consumer Debt Rises for First Time in Four Years Thursday, 28 Feb 2013 | 11:29 AM ET

    Consumer debt rose in the final months of 2012 for the first time in four years, a sign that Americans may be starting to reach the end of cutting back on credit, New York Federal Reserve reported Thursday.

  • Budget Cuts to Hit Main St., but Sky Won't Fall March 1 Thursday, 28 Feb 2013 | 11:28 AM ET
    The nation's aerospace and defense programs are especially vulnerable to sequester-related budget cuts.

    If mandatory federal spending cuts begin to take effect Friday, small employers are likely to experience a negative ripple effect of reduced business.

  • Back in Business: Chicago PMI Hits 11-Month High Thursday, 28 Feb 2013 | 9:46 AM ET
    An employee assembles an 2.0 liter ecoboost engine on the production line at the Ford Motor Co. Cleveland Engine Plant in Brook Park, Ohio, U.S

    The pace of business activity in the U.S. Midwest picked up modestly to reach an 11-month high in February as new orders gained, a report showed.

  • Slow Going: GDP Growth Inches Up; Claims Lower Thursday, 28 Feb 2013 | 9:33 AM ET
    An applicant stands after meeting potential employers at a job fair in New York.

    The U.S. economy barely grew in the fourth quarter while the number of Americans filing new claims for unemployment benefits fell more than expected last week.

  • Factory Orders Fly Even as Defense in the Dumps Wednesday, 27 Feb 2013 | 10:26 AM ET
    A specialty retailer of durable goods, including home appliances, furniture, mattresses and consumer electronics.

    A gauge of planned U.S. business spending increased by the most in just over a year in January and new orders for long-lasting manufactured goods excluding transportation rose solidly, pointing to underlying strength in factory activity.

  • Pending Home Sales Soar Despite Rough Winter Wednesday, 27 Feb 2013 | 10:00 AM ET

    Rough winter weather across much of the US at the start of this year apparently did not keep home buyers away. Contracts to buy existing homes in January rose to the highest reading since April 2010.

  • Want a New Car? You Probably Can't Afford One Wednesday, 27 Feb 2013 | 9:08 AM ET
    A customer looks over a Ford Fusion parked on the lot at a dealership in Colma, Calif.

    Median-income families in only one major U.S. city actually can afford to buy a new car, a new study finds.

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