Economy - Most Recent

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Deadlines loom for Congress

Dec 14, 2011
The House and the Senate face a number of decisions before they can head off for the holidays. Is another government shutdown possible?
Posted In: Congress, payroll tax, Keystone pipeline, unemployment benefits

New rule could disclose CEO-to-employee pay ratio

Dec 14, 2011
The SEC says they should have a rule out mandating the disclosure of the ratio of CEO to average worker pay by the end of this year. It could shed more light on the widening income gap in the U.S.
Posted In: ceo, inequality, income

The pros and cons of the payroll tax cut

Dec 14, 2011
The payroll tax cuts expire at the end of the year, and the clock is ticking to make a decision to renew them or not. Why can they help or hurt the economy?
Posted In: payroll tax, Washington, politics

Euro weakens, but just part of the economic picture

Dec 14, 2011
The euro has fallen to its weakest point against the dollar in almost a year. This helps American travelers to Europe -- but only if they can afford a vacation.
Posted In: euro, Dollar exchange rate, currency

Oil, gas prices should remain relatively steady

Dec 14, 2011
The Organization of Petroleum Exporting Countries agreed this morning to maintain global production at about 30 million barrels of oil per day.
Posted In: Oil, gas prices, OPEC

PODCAST: OPEC reaches a deal, iPads in the cockpit

Dec 14, 2011
Conflict in Washington continues over the possible extension of the payroll tax cuts, as experts disagree whether the measures help or hurt the broader economy. The SEC is pushing for a rule that would disclose the income gap between the average American worker and CEOs. It is about to get a bit more difficult to be a cab driver in Chicago. And what kind of football team will make its home in Los Angeles?
Posted In: OPEC, euro

Federal Reserve could begin plans to raise interest rates

Dec 13, 2011
Federal Reserve officials are expected to announce that they will keep interest rates near zero, a level that has remained steady since the financial crisis
Posted In: Federal Reserve, quantitative easing

Could Europe be heading for a permanent recession?

Dec 13, 2011
The deal European leaders struck for greater fiscal unity could also stunt growth in the long-term.
Posted In: Europe debt crisis, recession, fiscal union

Gary Shilling: Unlikely Fed will make a move yet

Dec 13, 2011
Former Fed economist Gary Shilling says it is unlikely the Fed will change the zero percent interest rate anytime soon, and when it does, the shift will be more the effect than the cause of a booming economy.
Posted In: Federal Reserve, interest rates

Americans spending more on cars, clothing and furniture

Dec 13, 2011
American consumer spending is up, but shoppers are more conscious this time around -- and Black Friday might have been the high point of spending for a while.
Posted In: holiday shopping, retail sales, holiday discounts

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