Economy

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U.S. economic growth is weaker than expected

Jul 29, 2011
The U.S. gross domestic product grew at an annual rate of just 1.3 percent in the second quarter. New data show the recession was deeper than thought
Posted In: Economy

Companies wake up to threat of U.S. default

Jul 27, 2011
A deal to raise the debt ceiling may still be reached, but executives are taking action to insulate their companies from a possible debt default.
Posted In: Economy

Debt impasse keeps investors, economy on hold

Jul 25, 2011
Without an agreement to raise the debt ceiling, investors and businesses are unsure of where to put their money.
Posted In: Economy

Price of gold reaches new high

Jul 19, 2011
Debt problems on both sides of the Atlantic have sent investors in search of a 'safe' investment that has historically kept its value.
Posted In: Economy

Extreme heat adds to U.S. economic worries

Jul 18, 2011
From crops in peril to higher electricity bills for cash-strapped local governments, the summer heat wave further rattles the economy.
Posted In: Economy

Swonk: JPMorgan and the debt ceiling

Jul 14, 2011
Diane Swonk, chief economist with Mesirow Financial, explains today's news that JPMorgan Chase reported a 13 percent rise in profit last quarter, and explains the chances of a credit downgrade from Moody's.
Posted In: Economy

Government spending cuts will affect everyone

Jul 14, 2011
The era of big government isn't over -- most everyone in the United States is affected by and dependent upon government spending. Expect to feel an impact in the decision over the deficit and debt ceiling.
Posted In: Economy

Rise in consumer credit shows a split economy

Jul 11, 2011
Some Americans tap credit card lines to pay bills; more fortunate consumers are getting loans. Credit growth is inhibited by stagnant wages.
Posted In: Economy

Will U.S. debt crisis crush our economy?

Jul 5, 2011
Forget the four horsemen. Hear what early indicators might <em>actually</em> signal a financial "apocalypse" because of the debt crisis.
Posted In: Economy

How did the U.S. do in the second quarter?

Jul 1, 2011
Jill Schlesinger, editor-at-large at CBS/MoneyWatch, takes a look back at the second quarter and discusses how debt talks will weigh on the start of the third quarter.
Posted In: Economy

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