4 Reasons U.S. Doomsayers Are Wrong: Milken Expert
Surveys show most Americans are pessimistic about the U.S. future, but Milken Institute scholar Joel Kurtzman says there are four reasons they are dead wrong.
Government Shutdown Ends, Debt Default Averted
Federal employees began returning to work on Thursday after the legislation passed both houses of Congress late Wednesday and was signed into law by President Barack Obama just after midnight.
Bernanke Sets Timeline for Fed to End Bond-Buying
Bernanke said the reductions would occur in "measured steps" and that the purchases could end by the middle of next year.
Top 10 Tax Cheats: the Big, the Bad & the Weird
From the infamous Al Capone to our top choice (you won’t believe what job he held before his conviction), these 10 learned the lesson the hard way—and some learned it repeatedly.
On Year's Final Trading Day, Markets Calm Despite Cliff
European, Asian indexes rise significantly for the year, with hopes remaining that some kind of deal still can be made in U.S.
Global Stocks Drop as U.S. Fiscal Cliff Deal Fails
Without an agreement, the U.S. economy will fall off the so-called fiscal cliff on Jan. 1 when Bush-era tax cuts expire and spending cuts kick in automatically.
Fed Says U.S. Economy Has Slowed, but Takes No New Action
The Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to stimulate growth, but it took no new action.
U.S. Poverty Nearing Highest Rate Since 1965
Ahead of Census figures, analysts estimate that one in six people were poor in 2011, and they don't see the numbers improving soon.
Spain, Cyprus Downgraded
Moody's cut the ratings of Spain and Cyprus on Wednesday. Bond yields topped 7% for Spain, and in Italy’s first bond sale since Spain’s bailout yields surged.
New York Appeals Court Gives SEC-Citigroup Deal New Life
A federal appeals court said Judge Rakoff likely overstepped his authority when he blocked the SEC's $285 million settlement with Citi over toxic mortgage securities.