“I doubt it will be enough,” a chief economist tells CNBC.com. “This is just 2 percent of GDP, and I would expect the cost of a euro zone breakup to be bigger than that for Russia.”
Former House Speaker Newt Gingrich, discusses the Holder case, President Obama's administration and job creation, with Radio Show Host Lars Larson and CNBC's Joe Kernen.
In ten days on July 1st a sweeping European Union ban on Iranian imports will go into effect in response to the Islamic Republic’s burgeoning nuclear program. In addition, and just as importantly, EU based insurance firms will no longer be able to insure any ship carrying Iranian oil.
Former Minnesota Governor Jesse Ventura explains why he thinks U.S. politics and the government has become its own 'gangsta's paradise.'
Sen. Marco Rubio, (R-FL), discusses the housing market in Florida; how the US can profit from free trade agreements in Latin America; and why the nation needs to update its immigration laws.
CNBC's John Harwood reports on the details of President Obama's comments on the Greek election; and CNBC contributors Steven Rattner and Tony Fratto, and Steve Forbes of Forbes Media, weigh in. "At the end of the day, the voters are going to understand that President Obama saved this financial system and this economy," says Rattner.
If health care reform is not thrown out entirely, House GOP leaders plan to force an immediate vote to repeal President Obama's signature law, The New York Times reports.
They toppled a pharaoh, but now the small circle of liberals, leftists and Islamists who orchestrated Egypt’s revolution say they realize they failed to uproot the networks of power that Hosni Mubarak nurtured for nearly three decades, the New York Times reports.
Sheldon Adelson and his wife have given $10 million to a super PAC backing Mitt Romney, making them by far the nation's biggest campaign donors, The New York Times reports.
Europe needs a fiscal and banking union if it is to survive “the worst crisis” since the European Union’s creation, Spanish Prime Minister Mariano Rajoy said in an open letter to leaders on Wednesday.
David Cote, Honeywell International chairman & CEO, discusses what CEOs want to hear from Mitt Romney; the strength of the U.S. economy; and the politics of trade.
Crisis-hit states cannot return to external and internal balance without higher spending and inflation in the core, writes the Financial Times' Martin Wolf.
CNBC's Eamon Javers reports on the latest details of Eric Holder's potential resignation; and House representatives Charlie Rangel (D-NY) and John Mica (R-FLA), weigh in.
The stability of the global economy hangs in the balance as Greeks go to the polls this coming Sunday to choose who will lead their country.
Hersh Cohen, ClearBridge Advisors CIO & portfolio manager, explains how investors can protect their portfolio from partisan politics and profit from market uncertainty.
Donald Trump, Trump Organization chairman & president, discusses how JPMogan's Jamie Dimon mishandled the firm's trading losses; his plans for the Doral golf resort near Miami; building a major film studio; and the direction of oil prices if President Obama is re-elected.
The idea that taxpayers should be expected to bail out Europe’s ailing banking system is “ridiculous” and does not work, one expert told CNBC’s “Squawk Box Europe” Tuesday.
All 27 EU countries should submit their big banks to a single cross-border supervisor as part of a banking union to be enacted as soon as next year, the president of the European Commission has urged. The Financial Times reports.
The bailout plan for Spain was, eurozone officials argue, a robust answer to critics who accused EU leaders of consistently reacting too slowly, too late and with the least possible amount of cash in the face of a crisis spinning out of control, the Financial Times reports.
George Osborne has been warned by Tory MPs not to use the euro zone crisis as “an alibi” for Britain’s poor economic performance and to step up supply-side reforms to promote growth, the FT reports