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As the world waited for news on whether the House would pass the debt ceiling deal on Monday, stocks in Italy came under heavy pressure with the country's banks again seeing heavy losses.
A new round of fiscal warfare is in store for the US over the coming months as a new congressional committee is formed to find extra savings from the most sensitive areas of the budget, the FT reported.
With the debt ceiling crisis looming, we are at risk of losing the momentum America has gained toward energy independence and achieving a cleaner, greener future.
The debt deal's all well and good, but the dollar is still on track to weaken, this strategist says.
The nation’s political leaders agreed on Sunday to spend and invest less money in the American economy, a step that economists said risks the reversal of a faltering recovery, in the hope of improving the nation’s long-term prosperity. The New York Times reports.
Pffffft! Even a deal on the debt ceiling only lifts the dollar briefly - it's time for your FX Fix.
At some point in life, you have to balance the budget, says Donald Trump, Trump Organization chairman/president, who says the debt ceiling deal is more of a down payment and not an effort to balance the nation's budget.
The U.S. should choose to default instead of delaying the inevitable by raising the debt ceiling without dealing with the crux of the financial problems, David Murrin, chief investment officer at Emergent Asset Management told CNBC Monday.
Sunday night's deal that will see the US debt ceiling raised if it passes a vote in the House is merely a "band aid" and certainly not a game changer, according to an assessment from Barclays Capital.
Following the last-minute debt deal agreed by President Barack Obama and congressional leaders, one strategist is predicting the rating agencies should downgrade US debt by two notches.
On a weekend of high drama, President Barack Obama finally managed to get congressional leaders on both sides of the political divide to agree on a compromise plan to raise the debt ceiling and avoid a potentially devastating default.
The UK economy will grow slower in 2011 than previously anticipated – 1.3 percent, compared to forecasts of 1.7 percent – and its 2012 growth will be a "modest" 2.2 percent, according to the Confederation of British Industry (CBI), an influential business organization.
If the rest of the country thinks that Washington has gone mad this summer, that is pretty much the view in this bewildered capital, too. The New York Times reports.
As August 2 nears, a debt-ceiling deal appears to be receding. Here's how to hedge against the Washington cacophony.
The House and the Senate are ready to rumble over debt plans. Here's how to trade the uncertainty.
The week's top business news and investment advice, including debt bets and commodities plays.
Real estate mogul Donald Trump said Friday he'd consider running for president — again — if the U.S. economy "continues to be bad: and "if the Republicans pick the wrong candidate."
The latest on Congressional leaders speaking out on debt talks, with CNBC's Eamon Javers and CNBC's John Harwood.
Paul McCulley told CNBC Friday that if he was still a portfolio manager at Pimco he would be "very concerned" in the short term about the inability of Congress and President Obama to reach an agreement on the debt ceiling by Aug. 2. But in the long term, McCulley said, "it wouldn’t disturb me, it would actually make me somewhat positive."
In the short-term prospective, I'd be very concerned, this is a big event in terms on how the markets with readjust to a fundamental change in the rules of the game. Discussing the debt debate, with Paul McCulley, former Pimco portfolio manager/managing director.