Europe will see a recession this year and Portugal is likely to follow in Greece’s footsteps as the country struggles with high borrowing costs, according to the Managing Director of Market Research and Strategy at Roubini Global Economics.
We've turned the corner. When I say “we,” I of course mean the world. And once again the economy that will have the greatest influence on world recovery is that of the United States. The unsubtle sign of US recovery is jobs growth, which we referred to last week and which has exceeded expectations.
As Sarkozy struggles to establish a firm lead in the polls, and with France’s euro zone commitments potentially at stake with the election, it has become more important than ever for investors to know his two key rivals are.
There are a lot of really good things in Paul Ryan’s new budget, which is a stark contrast to the Obama budget. Ryan cuts spending by over $5 trillion, lowers the deficit by over $3 trillion, and brings the debt-to-GDP ratio down to 62 percent. All of these are ten-year totals.
Conservative Republicans controlling the House unveiled a budget blueprint Tuesday that combines slashing cuts to safety net programs for the poor with sharply lower tax rates in an election-year manifesto painting clear campaign differences with President Barack Obama.
Eager to draw a contrast with President Barack Obama on taxes and spending, Republicans controlling the House are releasing on Tuesday an election-year budget plan that would impose sharp cuts on many programs in hopes of taming trillion dollar-plus deficits, but would still fail to reach balance over the coming decade.
Campaigning in recent days in Illinois and Missouri, Rick Santorum has sought to motivate his followers by highlighting a different divide: urban versus rural, The New York Times reports.
When we keep more of our own money, our unfettered ambitions will create renewed abundance.
"There are four of us in the race and of course, Romney looks like he's ahead, but he's far from having it won", says Rep. Ron Paul, (R-TX), discussing his hopes for big wins in Alabama and Mississippi today and why he intends to fight on through the GOP primary race.
Gov. Scott Walker, (R-WI), discusses job creation in his state and weighs in on the GOP race for the White House.
Clearly, we are in an unprecedented time in economic history of the United States. And the Federal Reserve stands as the activist institution holding the strings to the future of economic recovery.
As unions prepare to endorse President Obama on Tuesday, labor leaders say they will mount their biggest campaign effort, with far more members than ever before. The New York Times reports.
Can Rick Santorum continue to gain momentum in Tuesday's primaries in Alabama and Mississippi? Discussing why he thinks Mitt Romney will win the Republican nomination, with Tim Pawlenty, fmr. Governor, (R-MN).
Greece has been tossed on the turbulent sea of global markets for almost two years now – but the bond swap deal secured on Friday should reassure markets about the country’s future, Greek Finance Minister and possible future prime minister Evangelos Venizelos told CNBC.
I didn’t want to let the latest cockamamie Fed idea for “sterilized” bond buying pass without a comment. A Wall Street Journal story explained that somehow the Fed will buy more long-term bonds, print new money, and then borrow the money back so it doesn’t cause inflation. It’s all a lot of hooey.
The monthly employment report is usually a market mover, but is the data being leaked to Wall Street ahead of the official release? CNBC's Eamon Javers reports.
Major powers called on Iran to enter "serious dialogue" over its contested nuclear program "without pre-conditions", in a joint statement issued on Thursday following extensive deliberations in Vienna.
It’s a fallacy that private creditors to Greece – taking a massive “haircut” on their investment as part of a debt-restructuring deal – are losing out while the official sector’s holdings are protected, Nouriel Roubini, chairman of Roubini Global Economics, wrote in the Financial Times.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets and what's driving oil. Today, concerns over Iran seemed to wane, which helped drive prices down.
The Argonne, Waterloo and Normandy are among the many famous battlefields of the past. Greece, Portugal and Ireland are among the theaters of war in which European Union is currently engaged.