CNBC's Eamon Javers breaks down details of President Obama's $4.15 trillion budget proposal.» Read More
“People want the best information that we have right now. But people need to understand that the best information that we have right now isn’t necessarily very informative,” says one economics professor, the New York Times reports.
As stock markets in Europe faltered Wednesday after Tuesday's meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy failed to reassure, some investors told CNBC that they are starting to become bullish after recent market falls.
Opposing lawyers disputed the meaning of a medical report that said "rape" caused injuries sustained by the woman who has accused former IMF chief Dominique Strauss-Kahn of sexual assault.
If you think London or New York are among the world's most expensive cities, keep guessing and get your checkbooks out (that is if you are travelling to one of the cities that take the top spot).
Republican Presidential hopeful Rep. Ron Paul (R-TX) weighs in on Governor Rick Perry's comments on Fed chief Ben Bernanke and his campaign plans.
CNBC's Eamon Javers has the details on Governor Rick Perry calling the Fed head almost "treasonous," and insight on what's behind Perry's comments, with Dinesh D'Souza, former Reagan policy analyst; E.J Dionne, Washington Post, and Andy Card, forr White House chief of staff.
The Swiss franc is sliding on worries it will be pegged to the euro. But whether a peg is really feasible is unclear.
German growth disappoints, British inflation rolls on, and Sarkozy and Merkel are set to meet - time for your FX Fix.
Minnesota Congresswoman and GOP Presidential candidate Michele Bachmann offers her opinion on Warren Buffett's suggestion that billionaires and millionaires should pay more taxes.
Food inflation may have been an abstract concept for Italian senators up until last week – that is, before the public got hold of a copy of the Senate restaurant menu that has reignited the debate over parliamentary perks.
"What we see is a soft patch and double dip recession risk three months down the line," Beat Wittmann, CEO of Dynapartners, told CNBC. "The markets are discounting this soft patch, but it could get worse¿ depending on political decisions and whether companies are investing into expansion and whether consumers are spending," he said.
Today is the 40th anniversary of the announcement by President Nixon of a New Economic Policy, the so-called “Nixon Shock.” President Nixon, faced with rising inflation and the threat of a recession, imposed wage-price controls, built a tariff barrier around the USA, and “temporarily” suspended the convertibility of the dollar into gold... But now is the time to restore gold convertibility, and with it, jobs, prosperity, and a balanced budget.
As a long-time bond bull, my gratitude to the know-nothings in the Tea Party is profound. So what if they played a major role in taking a thousand points off the stock market in the wake of the U.S. debt downgrade?
After the turbulence of the summer, there has been plenty of speculation about whether Western economies may suffer a double dip into recession after recovering from the downturn of 2008-09.
The Federal Reserve’s announcement that it intended to keep credit cheap for at least two more years was a clear invitation to Americans: Go out and borrow. But many economists say it will take more than low interest rates to persuade consumers, a crucial driver of the nation’s economy, to take on more debt, the New York Times reports.
"2008 was more of a crisis of liquidity. This time is much more structurally worse, because we do not have much in the way of ammunition at the Fed," JJ Burns, president of JJ Burns and Co, told CNBC.
The post-tsunami recovery of the Japanese economy is being hampered by the strong yen and the country needs a more concerted effort to get nuclear power stations up and running again, analysts told CNBC Monday.
President Obama plans to leave next week for vacation on Martha's Vineyard. With all that is going on in the country and around the world, should he cancel his trip? Vote now.
It’s all getting a bit Elizabeth Taylor and Richard Burton in the euro zone recently. The European Union seems to think that if it’s worth doing in the first place, its worth fighting for
French economic growth ground to a halt in the second quarter of 2011, raising pressure on President Nicolas Sarkozy to cut spending and abolish tax breaks ahead of elections as he tries to convince nervous financial markets that he will deliver on debt reduction targets.