March 18, 2013 A Cypriot banking crisis has the potential to disrupt global financial systems, which are still trying to recover from the crisis of 2008-2009. The proposed tax on deposits in Cyprus could shake the trust in banks in Europe, and that could end up threatening the tenuous U.S. economic recovery.
March 13, 2013 Sheila Bair says it's too soon to celebrate over a housing recovery. Bair says a glut of houses could hit the market once prices perk up.
March 8, 2013 Sure, the economy added 236,000 jobs last month and unemployment dropped to 7.7 percent. But questions about low wages, consumer debt and government austerity cloud the sunny picture. We look at five points economists are debating.
March 4, 2013 One business traveller in Salt Lake City waited more than an hour to clear the security line. The Obama administration has warned that things could get worse as sequestration sets in.
February 27, 2013 Nearly all economists in a recent poll believe growth is "likely to be negatively affected" by the automatic federal spending cuts set to go into effect starting Friday. The $85 billion in cuts could have wide-ranging impacts, from military spending to consumer confidence.
February 21, 2013 Despite what they said was a healthy 2012, industry leaders worry that in 2013, upcoming spending cuts will hit already-battered airlines hard.
February 14, 2013 A combined company worth $11 billion would become the largest U.S. airline. By creating a robust route structure with hundreds of destinations on four continents, the two carriers may be able to attract more frequent fliers, improve service and boost revenues. But what will happen to fares is uncertain.
February 13, 2013 President Obama is urging Congress to boost the federal minimum wage to $9 an hour. But other workers who make more than the minimum, currently at $7.25 an hour, could see their pay go up too as employers adjust their pay scales.
February 6, 2013 They're getting hit with a double whammy: a spike in gas prices and smaller paychecks because a payroll tax break expired. That combination could dampen consumer spending, economists say.
February 1, 2013 The economy shrank slightly at the end of 2012, and the unemployment rate ticked up in January. But this spring's data could look much brighter if the housing market continues to heat up as expected. That's because the sector supports a variety of jobs, ranging from bricklayers to appliance manufacturers.
January 23, 2013 Ray LaHood says the FAA is in the "business of doing a top to bottom review" and they will let them finish their job. The FAA grounded all of Boeing's 787 Dreamliners to investigate their lithium batteries.
January 10, 2013 Three more fiscal cliff-type deadlines are fast approaching. They involve: 1) raising the debt ceiling 2) imposing automatic spending cuts and 3) funding the federal government to avert a partial shutdown.
January 4, 2013 After nearly three years of job growth, the trend is likely to continue, economists say. Retiring baby boomers are expected to create new openings and increase demand in the health care sector as they age.
January 3, 2013 Congress finally made a permanent fix to the alternative minimum tax, which threatened to boost the tax bills of millions of Americans each year. But the AMT also created a "useful fiction," as one analyst says, by appearing to shrink future budget deficits.
January 2, 2013 Now that Congress has removed some of the uncertainty over the "fiscal cliff," most forecasters are saying the U.S. economy will expand by about 2 percent in the new year. That's a sluggish pace, but strong enough to keep lowering unemployment and boosting housing. Prospects for aircraft makers and farmers are also looking promising, helped by exports.