The U.S. budget deficit for fiscal year 2014 will be an estimated $506 billion, a slight increase from the $492 billion projected in April.
Puerto Rico's governor has signed the U.S. territory's first balanced budget in more than a decade amid an economic slump that has concerned U.S. investors.
Consumer sentiment dropped in October to its lowest level since the end of last year as consumers worried Congressional dysfunction would hurt growth.
President Obama said though the U.S. narrowly avoided a possible credit downgrade, partisan politics isn't the way to deal with fiscal differences....
Fitch Ratings put U.S. credit rating on ‘rating watch negative’ as Congress struggles to raise the debt ceiling ahead of the October 17 deadline.
Citigroup outlines the four most likely cases resulting from the squabbling in Congress over the nation’s funding and borrowing limit.
The deadlocked Congress is butting up against the debt ceiling deadline. But even the threat of a default could have big consequences.