The Organization for Economic Cooperation and Development is reaching out to its members — the rich governments of the world — to shape up or risk a global economic calamity.
Whichever candidate wins, investors and analysts are hoping the next president will be able to avoid the fiscal cliff. But how will markets react if there is no clear winner?
The third-quarter earnings season kicked off today with an ominous warning about global growth from the IMF. A weak consolation for Americans is that we are the only major economy where the IMF expects decent growth in the next year.
After five years, Robert Zoellick is about to step down as the president of the World Bank. He discusses the changing role of the organization in today's global economy.
Our financial troubles here and abroad stem from a confluence of causes. But if governments can do anything to fix our economic situation, shouldn't they have already?