Amid worries that Greece might ditch the euro after its upcoming election, the telltale sign of such a move will likely come much sooner, Benn Steil of the Council on Foreign Relations said Wednesday.
As the Congressional Budget Office warned of a recession in the event of a federal fiscal stalemate, two senators appearing on CNBC’s “The Kudlow Report” did little to bridge differences.
Bailing out the U.S. automobile industry “was the right thing to do” despite declining share values over the past year, former General Motors Vice Chairman Bob Lutz said Monday.
Ongoing economic trouble in Europe, including a “bank jog” on Greek banks, this week could signal a third round of quantitative easing on this side of the Atlantic.
In the looming battle over priorities in federal budgeting priorities, two lawmakers on CNBC’s “The Kudlow Report” boiled it down to tax cuts vs. spending cuts.
Asked what he would be willing to give up to address the U.S. debt crisis, Rep. Paul Ryan stood his ground Tuesday and insisted it was Democrats who needed to cede ground.