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Another 2.6 million people slipped into poverty in the United States last year, the Census Bureau reported Tuesday, and the number of Americans living below the official poverty line, 46.2 million people, was the highest number in the 52 years the bureau has been publishing figures on it.
Investors will have to deal with an avalanche of news flow from Europe on Wednesday ahead of a crucial meeting of euro zone finance ministers and US Treasury Secretary Tim Geithner on Friday.
Watching the two GOP frontrunners in last night’s debate — Mitt Romney and Rick Perry — a couple of policy points jumped out at me.
Which members of the US Congress have the highest approximate net worth. Check out the list.
Predications of global economic collapse are overstated, and ignore the market, says blogger Vince Farrell.
Everybody's worried about the euro zone, but Turkey gets some good news — it's time for your FX Fix.
As the euro zone enters the most dangerous phase of its debt crisis, bailout patience is eroding in the fiscally responsible tier of the zone. While Brussels wonders whether the Finns have become Euro-skeptic, the reality is the reverse. Europeans are turning into Finns.
Angel Gurria, secretary-general of the Organisation for Economic Co-Operation and Development, issued a strong defense of the euro over the weekend.
It has been another dramatic weekend in the euro zone. On Friday, Germany’s representative on the European Central Bank's governing council, Juergen Stark, resigned in protest at the bank's decision to buy Italian and Spanish bonds. He will be replaced by German deputy finance minister Joerg Asmussen.
Barack Obama will try to keep steady pressure on Republicans on Monday when he announces that his $450 billion jobs plan is ready to be taken up by Congress, reiterating his call for lawmakers to quickly pass the bill. The FT reports.
One day after revealing his jobs package, President Obama has hit the road urging voters to do whatever it takes to make lawmakers pass his bill. Also, discussing whether the President can strike a compromise with Republicans, with Jacob Lew, White House Director of the Office of Management & Budget.
President Obama's speech was a good start and discussing what area job creation should prioritize and sharing perspective on President Obama's jobs speech, with Steve Case, Revolution CEO.
Christine Lagarde, the managing director of the International Monetary Fund, warned that the global economy is entering a "dangerous new phase" on Friday, ahead of the G7 summit in Marseilles, France.
The euro is nothing more than an economic mirage because it lacks the essential building blocks of a long-term secure currency, according to Tim Martin, chairman of UK pub restaurant chain JD Wetherspoon.
The boss of the Greek debt office (PDMA) has told CNBC that Friday is not the deadline for the debt swap plan.
“We should pass this jobs plan right away,” said President Barack Obama as he addressed America and Congress, calling for an end to the political circus in Washington and action that would “actually help the economy.” With those words, the president threw down the gauntlet to his Republican opponents with a $447 billion dollar stimulus package aimed at boosting jobs before America goes to the polls late next year.
Democrats are asking President Obama to be tough in his jobs speech tonight. Discussing the President's plan, with Senator Robert Menendez (D-NJ) and CNBC's Maria Bartiromo.
With all the action on the Continent, the British pound has been out of the spotlight. It's time for a look — and you might not like it.
Discussing investment strategies ahead of President Obama & Ben Bernanke's speeches, with Warren Meyers, DME Securities vice president of floor operations and Joe Greco, Meridian Equity Partners managing director.
The United Kingdom should lose its AAA credit rating and be cut by four notches to A+, according to analysts at Danske Bank in Copenhagen.