Politicians "worship that great god of reelection and haven't been focused on what's really right for the country," Erskine Bowles, one of the architects of the Simpson-Bowles deficit-reduction plan, told CNBC Thursday.
President Obama's proposal to extend the middle-class tax cuts before reforming the tax code and entitlements is a "sucker's game," billionaire investor Wilbur Ross told CNBC Thursday.
Hedge funds are reporting their quarterly holdings to the Securities and Exchange Commission. Find out what the big funds have been buying and selling.
Despite all this talk about the “fiscal cliff,” investors aren’t really trading stocks as if they’re petrified of it, Citigroup U.S. equity strategist Tobias Levkovich told CNBC’s “Squawk on the Street” on Tuesday.
While the U.S., Europe and China all have their economic challenges, the U.S. may want to adopt China's approach of greater economic planning to deal with its issues, Stephen Roach, Yale University senior fellow, told CNBC’s “Squawk Box” on Tuesday.
Retailers are hoping to get holiday-shoppers into their stores right after they finish their Thanksgiving turkey, but some store employees are pushing back.