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Improving economy changes political landscape

Alleged misbehavior by the Internal Revenue Service and other federal agencies gives the GOP something else to talk about and investigate as the economy clearly, if slowly, recovers on President Barack Obama's watch, robbing Republicans of a central argument against Democrats.Full story

Wall Street posts first weekly loss since mid-April on Fed angst

NEW YORK (Reuters) - The S&P 500 declined for a third day on Friday, with the three major stock indexes posting their first negative week since mid-April on lingering concern that the central bank may scale back its stimulus measures to support the economy. Full story

Investors shift focus to growth stocks

Growth stocks, neglected at the start of the year, are starting to get a bit of love from investors again. Full story

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Articles

Summer travel forecast: Better, but no blowout

News Summary: US durable goods orders up 3.3 pct.

Durable goods orders point to factory resilience

Rosy China growth forecasts fade on further signs of slowdown

Durable goods orders rise, point to factory resilience

Durable goods orders rise, point to factory sector resilience

Taiwan cuts growth forecast on muted export demand

Market turbulence poses first serious test for Abenomics

Between economy and trouble, Obama approval steady

News Summary: Obama approval ratings remain steady

Video

  Nation’s aging infrastructure, austerity economics collide

Rep. Peter Welch, D-Vermont, joins Martin Bashir to discuss the nation’s aging infrastructure after a Washington state bridge collapse and how austerity economics only obstructs the investments the nation desperately needs.

  US Durable Goods Up 3.3 Percent

Insight on the latest durable goods numbers and what they mean for the U.S. economy, with CNBC's Steve Liesman; Jim Iuorio, TJM Institutional Services.

  Consumer Spending Up; Government Spending Down: NABE

CNBC's Steve Liesman breakS down the latest data on the U.S. economy.

  Student loan debt weighs on U.S. economy

The Washington Post's Neil Irwin discusses the growing problem of student loan debt and how economists worry about its impact on the U.S. economy

  Congrats Class of 2013, it’s kind of a mess out there

It’s graduation time. While that’s supposed to be a joyous time for grads and their families the plain truth is that college grads are coming into a world of uncertainty: debt, lack of jobs, the prospect of no social security. Senior Fellow at Auburn Seminary Valarie Kaur, Columbia Professor Dorian

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Chinese Premier Li talks to Swiss President Maurer as Swiss Economy Minister Schneider-Ammann and China's Secretary of Trade Gao sign a memorandum of understanding of free trade during the second day of an official visit to Switzerland in Bern
Chinese Premier Li talks to Swiss President Maurer as Swiss Economy Minister Schneider-Ammann and China's Secretary of Trade Gao sign a memorandum of understanding of free trade during the second day of an official visit to Switzerland in Bern

Chinese Premier Li Keqiang talks to Swiss President and Defence Minister Ueli Maurer as Swiss Economy Minister Johann Schneider-Ammann and China's Secretary of Trade Gao Hucheng sign a memorandum of understanding of free trade during the second day of an official visit to Switzerland at the govern

A partially demolished house in a village is seen together with a building under construction in the background, in Beijing
A partially demolished house in a village is seen together with a building under construction in the background, in Beijing

A partially demolished house in a village is seen together with a building under construction in the background, in Beijing May 23, 2013. China's plan to spend $6.5 trillion on urbanisation to bolster the economy is running into snags, sources close to the government said, as top leaders fear anothe

A man walks past a compound of old houses, with high rise buildings in the background, at a village in Beijing
A man walks past a compound of old houses, with high rise buildings in the background, at a village in Beijing

A man walks past a compound of old houses, with high rise buildings in the background, at a village in Beijing May 23, 2013. China's plan to spend $6.5 trillion on urbanisation to bolster the economy is running into snags, sources close to the government said, as top leaders fear another spending bi

File photo of newly built houses at Dadun village of Lingshui ethnic Li autonomous county
File photo of newly built houses at Dadun village of Lingshui ethnic Li autonomous county

A general view of newly built houses at Dadun village of Lingshui ethnic Li Autonomous County, Hainan province, in this January 18, 2013 file photo. China's plan to spend $6.5 trillion on urbanisation to bolster the economy is running into snags, sources close to the government said, as top leaders