I think there are parts of the President's jobs plan where we can find some common ground, say House majority leader, John Boehner, discussing the similarities and differences in his plan to put Americans back to work and the White House plan.
The arm-in-arm effort by central bankers to increase U.S. dollar liquidity in Europe is essentially a band-aid solution, and the euro is already backing off its gains.
Market watchers are always looking for a sign of capitulation, that the economy has hit rock bottom. This may be the clearest sign yet that we've touched down.
Five of the world's largest central banks have announced a coordinated injection of dollars into banking systems, in response to growing concerns over liquidity problems in the euro zone. However, analysts say, they cannot solve the underlying solvency crisis.
U.S. Treasury Secretary Tim Geithner will travel to Poland on Thursday for a meeting with euro zone finance ministers set for Friday and attempt to push them to show leadership and get ahead of the euro zone crisis.
Saudi Arabia's Central Bank Governor, Muhammad Al Jasser, said yesterday that "everyone" was concerned over the fragile state of the US economy and Europe's ongoing sovereign debt crisis, according to Reuters reports.
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CNBC's Jim Cramer talks with Treasury Secretary Timothy Geithner about the global economy and what sovereign nations in Europe and around the world are doing to deal with the threat of default.. In this broad-ranging discussion, Geithner tells Cramer growth in the U.S. is weaker than he would like, largely due to the shocks of the past year. The political dysfunction in the U.S. & Europe only adds to the uncertainty, he says.
The US economy is going from bad to worse and will not fully recover until structural problems caused by the collapse of the housing market and the financial crisis are resolved, according to Capital Economics.
As consternation about the euro zone debt crisis and slowing growth in the US increases, political leaders should focus on job creation, business leaders at the conference dubbed the "summer Davos" told CNBC.
Another 2.6 million people slipped into poverty in the United States last year, the Census Bureau reported Tuesday, and the number of Americans living below the official poverty line, 46.2 million people, was the highest number in the 52 years the bureau has been publishing figures on it.
The Fast Money traders weigh in on the trade on Best Buy, and take a look at stocks to play today.
CNBC's Steve Liesman shares details of a report stating the number of people living in poverty has jumped above 15 percent.
Following the economic and market "bungee jump" out of the 2009 abyss, one economist is warning that we face a "once-in-a-lifetime crisis of capitalism" and "Deficit Attention Disorder."
Barack Obama will try to keep steady pressure on Republicans on Monday when he announces that his $450 billion jobs plan is ready to be taken up by Congress, reiterating his call for lawmakers to quickly pass the bill. The FT reports.
One day after revealing his jobs package, President Obama has hit the road urging voters to do whatever it takes to make lawmakers pass his bill. Also, discussing whether the President can strike a compromise with Republicans, with Jacob Lew, White House Director of the Office of Management & Budget.