The International Monetary Fund (IMF) should resist pressure from European Union leaders to take part in inadequate bailout programs for European countries, Mohamed El-Erian wrote in the Financial Times.
There was a wide-ranging change of the guard in Europe in 2011. In 2012, there could be an even bigger shift, with several key countries facing possible changes at the top.
Newt Gingrich, GOP presidential candidate, defends his flat tax plan, saying it has been developed over 20 years, and that the American people should be allowed to choose either to keep the current tax code or go to a single page, and pay 15%.
“The purpose of economic policy is growth, jobs, and prosperity,” supply-side founder Art Laffer told me Wednesday. As such, Laffer has endorsed Newt Gingrich and the Gingrich 15 percent flat-tax plan, which includes the 12.5 percent corporate-tax reform. “It’s nothing against the other candidates,” Laffer said. “But Newt’s plan is right, and therefore endorsing him is the right thing to do.”
The yield on Italian 10-year bonds fell from the euro era highs reached in November, settling slightly below the market-sensitive level of 7 percent in an auction on Thursday.
Art Laffer, Laffer Investments explains why he endorses Newt Gingrich and his supply-side take on the economy, and a look at which GOP candidate is likely to take Iowa, with Steve Moore, "Return to Prosperity" author; Matt K. Lewis, Daily Caller; and Tim Carney, Washington Examiner.
A senior Iranian official on Tuesday delivered a sharp threat in response to economic sanctions being readied by the United States, saying his country would retaliate against any crackdown by blocking all oil shipments through the Strait of Hormuz, a vital artery for transporting about one-fifth of the world’s oil supply.
Will the improving economy be enough to keep President Obama in the White House come November? Phil Kerpen, Americans for Prosperity, and Dean Baker, Ctr. for Economic & Policy Research, weigh in. Also, discussing whether the U.S. economy is doing better than people think, with Brian Wesbury, First Trust Advisors.
Discussing whether Ron Paul is poised to make a power play in the Hawkeye State, with Doug Wead, Ron Paul campaign senior advisor, and the likely outcome of the Iowa caucuses, with David Freddoso, The Washington Examiner; Ari Melber,The Nation; and James Pethokoukis, American Enterprise Institute.
CNBC's Mary Thompson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Yield on the Italian 10-Year is up some 7% ahead of Thursday's bond auction, with CNBC's Melissa Lee, Bob Pisani & Carl Quintanilla.
Banks are the key to fixing Europe's ongoing economic crisis, and they must be helped to lend while recapitalization of European financial institutions takes place early next year, analysts said on Tuesday.
Newt Gingrich and Rick Perry failed to collect enough signatures to get on the primary ballot in Virginia. Yes, the state has tough rules, but other candidates have managed to register, the Christian Science Monitor reports.
It is the attack-ad technique of choice for 2012: Anything you have said or done on film will be held against you. Its prevalence has helped make the Republican primary campaign a ferociously negative contest. The New York Times reports.
President Barack Obama and his Republican challengers are seizing on one of the most potent issues this election season: the struggling middle class and the widening gap between rich and poor.
Former House Speaker Newt Gingrich has failed to qualify for Virginia's March 6 Republican primary, a development that complicates his bid to win the GOP presidential nomination.
The global markets. European stocks rise to a two-week high, although volume is extremely light heading into the holiday. Moody's keeps Austria's AAA rating with a stable outlook. Ten-year Italian bonds remain near 7 percent -- Italy will hold a series of bond auctions next week. Greece must decide whether it will take a 70- or 50-percent haircut. And a decision on European downgrades will come in January, according to S&P. With Dan Greenhaus, BTIG chief global strategist, and Stephen Weiss, Short Hill Cap
U.S. futures are up the last trading day before Christmas and a day after the House agrees to accept Senate terms on the payroll tax cut. In Europe, the markets rally into the holidays. The euro is slightly up against the dollar.
Speaker John Boehner, (R-OH) says a two month agreement has been reached on the payroll tax-cut extention bill and he will ask for unanimous consent.
Speaker John Boehner speaks on the payroll tax extension. 'It's time for us to sit down and have a serious negotiation and solve this problem so American workers don't see their taxes go up in January,' he says.