Robert Shiller: Budget, Debt Fights a ‘Wash’ for Markets
The Nobel Prize-winning Yale economist said equities haven’t really reacted to the crisis one way or another.
Reid, McConnell Fight Next Round on Debt, Raising Hopes
As Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell negotiate, a Schwab survey shows investors are still thinking long term.
GOP Senators Optimistic After Obama Meeting on Debt Ceiling
“I’m glad we had the discussion,” said Sen. Kelly Ayotte, R-N.H. “Now we have to put the words into action and get this resolved.”
Federal Agencies, Servicemembers Brace for Possible Shutdown
A First Command poll finds a majority of military members, who could face late paychecks, doubt lawmakers can avert a government shutdown.
Jobs Numbers Paint Unclear Picture for Fed Tapering
For market watchers looking for a definitive sign that taper time is coming, Friday's tepid jobs report wasn't it.
Half of Student Debt Holders Worry They Can’t Pay
While other types of debt have fallen since the recession, student loan debt has increased, and consumers are struggling to meet those obligations, according to a report published in June by the Urban Institute.
Congress Gets Ready to Tackle Tax Reform, Budget
Congress is abuzz with activity this week as lawmakers start overhauling the tax code and plan to finish a continuing resolution to fund the government.
In State of the Union, Obama Calls for ‘Smarter’ Government
"It’s not a bigger government we need," said President Barack Obama in his State of the Union address Tuesday, "but a smarter government that sets priorities and invests in broad-based growth.”
Obama Says Cliff Deal ‘in Sight’
Speaking from the White House, President Obama said Monday afternoon that a deal to avert the fiscal cliff--at least making sure taxes don't go up on middle class Americans--is "in sight."
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.