The number of US citizens claiming new unemployment benefits last week dropped below the 400,000 level for the first time since early April, a hopeful sign for the US economy which has struggled to regain momentum.
International Monetary Fund's external relations director Caroline Atkinson resigned Thursday after being appointed the as a White House special assistant to the president for international economic affairs.
The pace of United States economic growth slowed last month in eight of the 12 Federal Reserve Districts, the central bank said Wednesday in the latest edition of its Beige Book report.
While US politicians remain divided on how to raise the government's ability to borrow, with a key deadline less than a week away, how is the current 14.29 trillion dollars in federal debt split, according to stats from the Treasury Department?
Should the US follow the example of President Dwight Eisenhower back in 1953, asks Alex J Pollok, resident fellow at the American Enterprise Institute and Anne Canfield president of Canfield & Associates, Washington, D.C. in an article published in The American Journal of the AEI.
US House of Representatives speaker John Boehner is urging Republicans to back his plan to cut the US budget and raise the debt limit. Boehner's appeal to conservative House Republicans came despite a White House veto threat and rejection from Democratic leaders in the Senate.
Wealth disparities in the United States between white households and black and Hispanic households are greater than they’ve been in the past 25 years, a new study from the Pew Research Centre reveals.
The International Monetary Fund urged the United States to swiftly raise the debt ceiling to ward off risks of a credit downgrade that could damage the global economy.
US President Barack Obama reiterated on Sunday his opposition to any short-term plan to raise the US debt ceiling, while Republicans insisted on a two-step solution, a White House official said.
President Barrack Obama said he would be meeting with congressional leaders, at the White House at 1100 (1500 GMT) on Saturday. On Friday Republican House Speaker John Boehner walked away from crunch debt ceiling talks with the President.