Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
Trading volumes this week are well below recent averages, and that means this comeback may be suspect.Marketsread more
The rule could defy a 2015 Flores Settlement Agreement court order that says families cannot be held in detention for more than 20 days.Politicsread more
A key indicator for the commercial real estate market is showing signs of weakness, and uncertainty in the economy over the trade war and interest rates may be to blame.Real Estateread more
Bank of America CEO Brian Moynihan is not worried about an economic slowdown, saying the U.S. consumer is still in a strong place.Banksread more
In a second-round of tweets aimed at the U.S. central bank, the president asked, "WHERE IS THE FEDERAL RESERVE?"Marketsread more
Greece paid about 750 million euros ($836 million) to the International Monetary Fund on Monday, a day before it was due, two Greek finance ministry officials told Reuters on Monday.
The payment averting the prospect of default that had shaken financial markets.
"The order to pay the IMF has been executed," a senior Greek finance ministry official said.
Athens is close to running out of cash and there had been doubt about whether it would pay the IMF or choose to save cash to pay salaries and pensions later this month. Greece's government in recent days had insisted it would honor its obligations, but officials in the past have warned the country may not have enough money to make the payment.
Despite the payment, Greece's financial condition remains precarious unless it secures fresh aid from lenders.
Greek officials were pressing euro zone finance ministers at a meeting in Brussels on Monday to acknowledge progress in talks with lenders on a cash-for-reforms deal, in the hope it will pave the way for some token to ease the cash crunch.
Arriving for the meeting, Greek Finance Minister Yanis Varoufakis told reporters he expected a deal to be struck "in the next few days."
"Deadlines by necessity are inflexible, but there are red lines and the red lines are such that there is common ground," he added.
Euro zone officials, however, played down the prospect of the European Central Bank (ECB) raising the limit on short-term Treasury bills that Greek banks can buy, a move that would help avert a Greek national bankruptcy.
When asked what he expected from the ECB, Varoufakis replied: "To do its job, like we have to do our jobs—everybody has to do their jobs."
He added that the Greek government stick to its election promises, which include a roll back of austerity measures demand by bailout supervisors in exchange for funds.