Global markets or deadlines for extending tax breaks may yet force Congress to try again for a 'grand bargain' to shrink the US deficit. But big action before the 2012 election is unlikely.
Deflation: If forecasts are correct, several factors could present a dangerous combination the Fed might not allow to brew for very long.
Stock market powered forward Thursday with the Dow rising nearly 340 points. By one measure, October could be the Dow's best month ever. Behind the stock market optimism is there a sign of economic hope?
Stock futures down slightly for the Dow, S&P. But NASDAQ stock futures rise as Asia and Europe post gains.
The Greek debt crisis has unfolded over several years and through a litany of bailouts, parliamentary votes, and credit downgrades. Here is a brief overview of how we got to where we stand today.
Not since at least 1960 has the US standard of living fallen so fast for so long. The average American has $1,315 less in annual disposable income now than at the onset of the Great Recession.
The Dow rose 166 points Friday, to close at 11644, turning positive for 2011. Meanwhile, the S&P had its best week in more than two years.
Airline stocks fell Monday, led by bankruptcy speculation for troubled American Airlines. American shares tumbled 33 percent, while airline stocks generally dropped 9.8 percent.
Unemployment benefits: Fewer people applied for unemployment benefits last week, though some of that was due to technical factors. And the economy grew slightly more in the April-June quarter than previously estimated.