The May jobs report showed increased hiring, but with a few caveats.

The Weekly Wrap covers the ups and downs of the past week in economic news.

Federal Reserve's Ben Bernanke is cautiously optimistic.

Check out weekend reading picks (not about the IRS scandal) from our Weekly Wrap.

Fannie Mae's paying $50 billion in dividends, so between that and the sequester, are our debt limit problems over?

U.S. jobless claims are falling -- most recently to a pre-recession level -- but does that mean nothing more than employers are getting to the point where they can’t lay off any more workers?

The Bureau of Labor Statistics reports that the economy added 165,000 jobs last month, beating analyst expectations. The unemployment rate fell to 7.5 percent, the lowest since December of 2008.

The GDP growth of 2.5 percent falls short of what economists had predicted. But does that mean bad news for the economy?

Two economists admit they made a mistake in a paper largely referenced to in the country's budget policy decisions. And the deficit-cutting duo of Simpson and Bowles release a new plan.