If the Yankees win the World Series the economy will have a nice bounce back in 2010 but if the Phillies prevail it will be a long slog to recovery, according to a Real Time Economics analysis of...

Amid criticism about the government’s handling of the financial crisis, two economists from the University of Chicago — a school not exactly known for its endorsement of government intervention...

Along with Thursday’s GDP report, the Department of Commerce offered an important clue to answering one of the biggest questions hanging over the U.S. economy: How quickly U.S. consumers can...

Mervyn King, governor of the Bank of England, says the solution to banks that are “too big to fail” is to have smaller banks. But Ben Bernanke, chairman of the U.S. Federal Reserve, says he...

U.K. gross domestic product contracted 0.4% in the third quarter from the second quarter, according to the first official reading. This dashed hopes of a return to positive growth, and marks the...

Congressional Black Caucus members are expected to meet Tuesday evening to discuss whether to remove their objections to a bill overhauling financial regulations after spending weeks in negotiations with the White House over separate concerns about...

Federal Reserve Bank of Philadelphia President Charles Plosser reiterated Tuesday that the Fed must act preemptively to withdraw its extraordinary monetary stimulus in order to protect its credibility and anchor price expectations. “Since expectations...

Bank of England Monetary Policy Committee member Adam Posen said current asset price concerns are based on misapprehension, and that even if they aren’t, rate increases won’t be the way to tackle them. Last month, the MPC voted to extend its...

A roundup of economic news from around the Web. Bankruptcies and Defaults: Writing for voxeu, Wenli Li and Michelle J. White argue that bankruptcy overhauls exacerbated the housing crisis. “The 2005 bankruptcy reform should be at least partially...

College graduates face record high levels of debt and unemployment, according to a report released this morning from the Project on Student Debt. College graduates face a challenging economic environment. (Getty Images) The nonprofit reports that...