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Two weeks before their final deadline, President Barack Obama and top lawmakers will face more pressure Tuesday for a debt deal amid a growing sense that a last-ditch plan taking shape in Congress may be the only way to avoid a devastating U.S. default.
As uncertain and unruly and disheveled as the debt-ceiling debate may be, there are still good grounds to reach a deal.
The Administration and many Republicans say they want big cuts - a “grand bargain” of up to $4 trillion. The Administration wants the cuts to be coupled with taxes. The Republicans will not vote in favor of raising the debt ceiling if taxes are included. And, this is the ideological divide. Will either side blink?
Plans for European countries to get out of debt, with Neel Kashkari, Pimco managing director.
US banks should be allowed to take a hit from risky investments if the free market is to be preserved, Sean Corrigan, chief investment strategist at Diapason Commodities Management, told CNBC Monday.
Equity markets are in the grips of a tug of war — between solid company fundamentals and macroeconomic uncertainty.
The European bank stress tests were reassuring - if you trust the results. Here's how to trade the real news.
A U.S. default isn't a matter of "if" but "when," David Murrin, chief investment officer at Emergent Asset Management, told CNBC.
Bernanke is open to a third round of easing if needed - but these strategists are bullish on the dollar anyway.
Sen. Mitch McConnell's "clever" proposal to give President Barack Obama sole authority to raise the debt ceiling could break the impasse in Congress, Evercore Partners Chairman Roger Altman said Thursday.
My view is that the threat of the downgrade puts additional pressure on both sides to make an agreement.
Debt drama dents the dollar and growth data down under is uplifting — it's time for your FX Fix.
"Money Never Sleeps" was the title of the sequel to Oliver Stone’s "Wall Street" and the phrase has never been so relevant according to Philippe Gijsels, the Head of Research at BNP Paribas Fortis Global Market in Brussels.
Budget talks between President Obama and his GOP rivals are at a standstill, leading a top Republican to prepose giving Obama sweeping new powers to increase in the government's debt limit.
A prominent US senator has called for an inquiry into News Corp, the first indication that the scandal that hit the media organisation’s UK newspapers could spread to the US.
The Irish economic recovery has been held back by credit ratings agency Moody's downgrading its rating to junk status, Minister for Jobs, Enterprise and Innovation Richard Bruton said Wednesday.
Finding a solution to the euro zone crisis is such a complex task that investors, as well as many citizens of the European Union, have grown disgruntled with attempts to sort out the debt.
In the euro zone, the fiscal crisis is lapping on Italy’s shores. In the US, the administration declares it will run out of funding early next month if the debt ceiling is not raised. Far fewer Europeans than Americans believe public sector defaults are beneficial, according to the FT.
The small city of Central Falls, R.I., appears to be headed for a rare municipal bankruptcy filing, and state officials are rushing to keep its woes from overwhelming the struggling state, the New York Times reports.
The euro takes a beating and the trade deficit dents the dollar - time for your FX Fix.