Economy - Most Recent

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Debt talk: Still no deal

Jul 26, 2011
Washington took to the airwaves yesterday to explain why there was still no plan to raise the debt ceiling. Meanwhile, Wall Street is holding its breath and hoping for a deal before the August 2nd deadline.

In the debt ceiling debate, Obama warns of worst case scenario

Jul 26, 2011
After months of debate, only two debt plans are currently on the table: a Democratic plan that avoids cutting Medicare and Social Security, and the Republican plan to raise the debt ceiling in stages.

Obama calls for a 'balanced approach' to solving debt crisis

Jul 25, 2011
As the deadline nears on reaching a deal to raise the debt ceiling, Obama presses on Congress in rare prime-time address

What effect are the debt talks having?

Jul 25, 2011
Julia Coronado, chief economist at BNP Paribas, explains whether the debt debates will do any long-term damage to Treasury bills.

Bond markets remain calm amid debt ceiling debate

Jul 25, 2011
As the debt default date looms, bond analyst Marilyn Cohen explains why so many foreign markets aren't panicking -- even though they hold a lot of our cash.

Wall Street waits to see what happens with debt talks

Jul 25, 2011
New York bureau chief Heidi Moore discusses why markets aren't panicking right now, even though a debt ceiling deal seems pretty far off.

Balancing long term debt and short term debt default

Jul 22, 2011
CBS/MoneyWatch editor-at-large Jill Schlesinger explains how Americans have become more open to tax cuts as part of a debt solution.

U.S. mayors put pressure on Congress over debt deal

Jul 22, 2011
Fifty mayors from around the country meet in Los Angeles today to urge Congress to reach a deal and prevent economic trouble at the local level

Senator: Months, not days needed to pass debt deal

Jul 22, 2011
Sen. Kent Conrad of North Dakota says President Obama's proposal to push back the debt ceiling deadline by a few days will not address long-term solutions

White House mulls cuts first, tax reforms later

Jul 22, 2011
To meet Republican objections, the president is floating a plan that would make spending cuts first and tax reforms later

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