Even if Congress can reach an agreement to renew the Federal government's spending authority before it expires this Monday, which is looking increasingly unlikely, there is a much more serious battle...

The Federal Reserve's latest financial accounts show that households continued to deleverage in the second quarter, while the increase in public sector debt was the smallest since the financial crisis...

We were a little surprised by the Fed's conclusion last week that it wasn't ready to begin tapering its asset purchases. As we wrote in our Fed Watch ahead of the meeting, however, a tapering was "far...

Congress is about to enter the critical stage of negotiations to extend the Federal government's spending authority, which will otherwise expire when the new fiscal year begins on 1st October, and, in...