Economy - Most Recent


Lawmakers will skip holiday break to resolve debt debates

Jul 1, 2011
As the clock ticks down to the August default deadline, the White House and Congress have agreed to continue debt discussions over the Fourth of July break.

Former Obama economic adviser warns on debt limit

Jul 1, 2011
In one of his first interviews since leaving the White House, former National Economic Council director Larry Summers says he believes "reason will prevail" in negotiations over the debt limit because a default would spark a second, scarier economic crisis, a "Lehman Brothers on steroids."

Pentagon budget under scrutiny

Jun 27, 2011
As President Obama restarts talks on national debt, some Republicans are now open to slashing military spending.

Economists hope for more 'adult-like behavior' during debt talks

Jun 27, 2011
David Kelly, chief investment strategist at JPMorgan Funds, discusses today's continuing debt debates, and what we can expect in the long term from a deal.

White House takes over debt ceiling talks

Jun 27, 2011
Efforts to reach a deal to cut government spending and raise the national debt limit will move into a new phase today as President Barack Obama will begin meeting with Senate leaders to try and hammer out a deal.

How the debt ceiling affects the average American

Jun 25, 2011
The congressional debate over whether to raise or not raise the federal debt ceiling may seem like a faraway battle. But Congress' decision will have a real impact on the pocketbooks of Americans.

President could make good on U.S. obligations

Jun 24, 2011
Some scholars say it is illegal for the U.S. to default on its obligations -- and the president could have the bills paid by executive order.

Can U.S. debt negotiators learn from Greece?

Jun 24, 2011
Debt discussions fell apart in Washington yesterday. But as international lenders get on board with Greece's deficit-cutting plans, should U.S. lawmakers be taking note?

Budget talks reach an impasse

Jun 23, 2011
Efforts led by Vice President Joe Biden to reach a deficit-reduction deal shut down today as Republican representative Eric Cantor said he was pulling out of the discussions.

The economics of the Afghanistan troop drawdown

Jun 22, 2011
Washington bureau chief John Dimsdale discusses what to expect from President Obama's speech on Afghanistan tonight, and how much the troop drawdown will save us.