Simply incredible. After Greece entered the European Union under likely false pretenses about their financial condition, and after the European Union has obsessed for months trying to find an orderly solution to the massive debt issues of Greece, Greek leadership now decides to suddenly be uber-democratic and ask for a referendum.
"The American people know the fiscal path that Washington is on is not sustainable. These deficits are like a cancer. They're going to destroy the country from within," Erskine Bowles told CNBC.
The City of London Corporation joined St Paul’s Cathedral on Tuesday in suspending legal action against a group of protestors camped by the side of the cathedral.
The current European conundrum is not just a financial crisis. It’s a crisis of governance and leadership.
Looking at the current forecast models for gridlock, the consequences of inaction are significant both at home and when examining our global competitiveness.
Europe’s recent attempt to manage the persistent debt crisis still remains a source of great concern. Naturally, the issue is magnified by the constructs of the European Union, overwhelmed by healthy egos and very little money.
Roman Abramovich, the billionaire owner of Chelsea football club, conceded he used business practices that were common but “not very ethical” during the early 1990s in Russia as his business progressed from the manufacture of plastic toy ducks into what would become an oil and metals empire.
The congressional super committee trying to close the U.S. deficit is a "charade" because the members are more concerned about being re-elected, venture capitalist Kenneth Langone told CNBC Monday.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
The standoff between Occupy London Stock Exchange protestors, the Corporation of London and St Paul's Cathedral took another dramatic turn Monday afternoon as the Dean of St Paul's, the Right Reverend Graeme Knowles, resigned over his handling of the protests.
Herman Cain kept his Washington campaign schedule as his team accused "inside-the-Beltway media" of attacking him with allegations that he sexually harassed two women in the 1990s.
"We said from the very beginning that is was something which was potentially very important and that one should not underestimate the gravity of the situation... we were not pleasing a lot of interlocutors including the governments that had a tendency to say 'no it's not that important, it's not a big deal' and so forth and I would say that unfortunately experience has proved that our diagnosis was right," Jean Claude Trichet, outgoing head of the European Central Bank told CNBC in an interview.
Republicans and Democrats have to compromise if there is going to be deficit reduction, House Minority Leader Nancy Pelosi told CNBC Friday.
November 23 marks the deadline for the Super Committee to decide on a debt deal. Both sides have come up with their proposals, but cannot seem to move past partisan differences. CNBC's Maria Bartiromo speaks to Nancy Pelosi (D-CA) House Democratic leader regarding the situation on both sides.
CNBC's Eamon Javers reports that the House Energy & Commerce Committee is considering asking for a subpoena to get White House documents related to Solyndra. And the White House announces it's going to do a review of the DOE's loan portfolio.
President Obama's job council called small-cap companies "the key to job growth" earlier this month. Small-cap IPOs are at their lowest level since 1985. CNBC's John Harwood speaks to David Weild, Grant Thornton, about how to fix the problem.
The Economist is posting a contest by the Kauffman Foundation, which has asked top economic bloggers to describe their outlook through haiku.
Even if China would like to support the Eurozone, it cannot bail out risky crisis economies. There is a win-win solution, but that requires concessions on both sides.
Another European plan to fix its sovereign debt problem has initiated another sharp market rally. But will the enthusiasm over the latest rescue effort last longer than the optimism that greeted past plans, only to slowly fade away? The New York Times reports
The continuing economic downturn has drastically altered the internal migration habits of Americans, turning the flood of migrants into the Sun Belt and out of states like New York, Massachusetts and California into a relative trickle, an analysis of recent federal data confirms, the New York Times reports.