A report out of Britain funded by Virgin Airlines owner Richard Branson and other British business leaders warns that peak oil is looming in 2015. The controversial idea that growing oil demand will soon outstrip more finds is capturing the attention of governments.
A new report warns that Silicon Valley's status as a center of economic growth and innovation is in danger. Silicon Valley has lost 90,000 jobs since 2008, and venture capital funding has plunged.
Despite historically high projected US budget deficits, the US is the 'most credit-worthy country in the world,' says Christina Romer, chair of President Obama's Council of Economic Advisors.
In another sign of Europe's financial woes, the Austrian government has spent $137 billion to shore up its banks, worried that they're overexposed to Eastern Europe's struggling economies.
New data show the illegal immigrant population in the US plunged between 2008 and 2009. The report has sparked a debate about the reasons behind the decline and what it means for reform.
Carbon-emissions targets set at Copenhagen seem unlikely to be reached, given America's political realities. That makes developing nations less eager to meet their own goals.
European Union (EU) leaders promised on Thursday that they stand waiting to help debt-laden Greece, if needed. But the euro declined as investors worried about the lack of a clear commitment to a bailout package.
President Obama's annual economic forecast predicts job growth of 95,000 jobs a month in 2010, but said any growth may not be reflected in lower unemployment rates.
Chairman Ben Bernanke said Wednesday the Fed will tighten the money supply 'at some point.' That's one step in an exit plan to end the Fed's emergency supports to the economy after the financial crisis of 2008.