Dilma Rousseff of Brazil announced Friday that she was cutting her salary by 10%, reducing the size of her cabinet and slashing thousands of coveted jobs, the NYT reports.» Read More
The 17 families meeting the last few days — and I can't remember if it was the EU, the ECB, the IMF, the EIB, CIA, FBI or what- decided to make no decision except to cancel the meeting scheduled for October 13, and meet in November.
The euro ministers are working on a restructuring for Greece that includes much larger haircuts for the private sector and that they don’t want to make a payout until this is settled.
During the debt-ceiling debacle, Washington pushed the U.S. economy close to an abyss. Now it is risking US-Chinese relations.
Explaining why free trade deals open up economies and create billions of dollars in exports, therefore creating jobs in the U.S., with Rebecca Blank, acting Commerce Secretary.
More than two thirds of business managers feel that a UK recession is now likely to happen with business confidence at a low, according to a new report.
The chances of the US being able to help bailout Europe are minimal because of weaknesses in the American economy, influential Citi banker William Rhodes told CNBC Tuesday.
Legendary hedge fund manager Kyle Bass is featured prominently in Michael Lewis' new book, "Boomerang." Lewis explains what markets want from Germany in its handling of the European debt crisis, with Mark Dow, Pharo Management.
The UK’s finance minister, Chancellor of the Exchequer George Osborne vowed to continue the coalition government’s austerity program on Monday telling delegates at his Conservative party’s annual conference in Manchester, UK, that Britain would “ride out the storm.”
U.S. inflation will drop towards 2 percent, Richard Fisher, Dallas Federal Reserve Bank president, told CNBC Monday.
The UK's Chancellor of the Exchequer, George Osborne, must wait to see what the economy does over the next few months before taking any more major steps, Vicky Pryce, senior managing director at FTI Consulting, told CNBC, prior to the minister's speech at the Conservative's annual conference in Manchester.
As the enlargement of the European Financial Stability Facility (EFSF) draws nearer, opinion is still divided on whether changes to the bailout fund will be enough to stench the flood of problems facing the eurozone.
European Central Bank member Christian Noyer said on Monday it is unrealistic to expect an increase in Europe's bailout fund beyond what was agreed in July, but that he is open to schemes that would allow leveraging to expand capacity.
After years of trying, Congress is taking another stab at retaliating against what many see as Chinese manipulation of its currency to make its exports to the United States cheaper and U.S. goods more expensive in China.
Greece was expected to unveil its plan on Sunday to begin laying off state workers, the most contentious part of a reform package demanded by the EU and IMF.
Double-dipping has become a hot topic during these times of severely strained budgets. Yet even as some states have begun curbing the practice, a new national report found tens of thousands of state and local employees drawing government salaries along with their pensions.
Occupy Wall Street has no appointed leaders, no expiration date and still-evolving goals and demands, the New York Times reports.
President Obama and his House Republican adversaries feuded over how to best create jobs in the weakened U.S. economy Saturday, with Obama demanding Congress pass his $447 billion jobs bill and the GOP countering with a call for less government red tape.
Debating whether New Jersey's republican governor, Chris Christie, will decide to enter the presidential race, with Barry Nolan, former Joint Economic Cmte Comm. director; Mark Simone, WABC Radio talk show host; and Dinesh D'Souza, The King's College president.
The present crisis of the Eurozone is a direct consequence of a half hearted, half considered, half explained and therefore half finished integration process, writes the former Prime Minister of Hungary.
The UK is likely to see more quantitative easing next week or at the latest by November, according to one economic advisor.