Government Debt Threatens to Send U.S. Economy into Death Spiral, CBO Warns

Rising federal debt threatens to choke economic growth within a decade, beginning a death spiral that will sap revenue from government programs even as demands grow, forcing the government to borrow even more, Congress‘ budget watchdog said in a frightening report Tuesday. Budget cuts or tax increases now would help avert that scary scenario, leaving…

Government Debt Threatens to Send U.S. Economy into Death Spiral, CBO WarnsDetails

U.S. Economy Still Running Below Trend in May, Chicago Fed Indicator Shows

The U.S. economy was still running below trend in May, according to the Chicago Fed’s national activity index released Monday. The index, a weighted average of 85 different economic indicators, edged up to negative 0.17 from negative 0.19, and the three-month average edged up to negative 0.16 from negative 0.20. A zero reading shows the…

U.S. Economy Still Running Below Trend in May, Chicago Fed Indicator ShowsDetails

Euro Zone Sets Emergency Summit on Greece as Money Flees

Euro zone leaders will hold an emergency summit on Monday to try to avert a Greek default after bank withdrawals accelerated and government revenue slumped as Athens and its international creditors remain deadlocked over a debt deal. Finance ministers of the 19-nation currency bloc failed to make any breakthrough on a cash-for-reforms agreement at talks…

Euro Zone Sets Emergency Summit on Greece as Money FleesDetails

Bank of America Is Forecasting a ‘Scary Summer’ for the Stock Market

Investors might want to add a little cash and some gold to their portfolio’s summer outfit. So say analysts at Bank of America Merrill Lynch, who are forecasting a grim summer for stocks this year. In other words, it might be wise to apply ample dollops of market-correction block in addition to any sunscreen you…

Bank of America Is Forecasting a ‘Scary Summer’ for the Stock MarketDetails

Gold Takes Breather after Biggest Monthly Rise in 3 Years

Gold futures were flat on Monday after rallying to their biggest monthly gain in three years last week but the precious metal is poised to strengthen with U.S. stocks under pressure. Gold for April delivery on Comex GCJ5, -0.23%  settled at $1,279.20 an ounce, unchanged from Friday, while March silver SIH5, -1.70%  climbed 43 cents, or 2.6%, to $17.21 an ounce.…

Gold Takes Breather after Biggest Monthly Rise in 3 YearsDetails

Precious Metals Coveted Once More as Draghi Acts: Commodities

Investors’ desire for precious metals is deepening after Mario Draghi’s $1.2 trillion pledge drove gold to a five-month high and silver to the brink of a bull market. Their buying helped boost the value of exchange-traded products backed by gold and silver by $8.2 billion this month, the most since September 2012, data compiled by…

Precious Metals Coveted Once More as Draghi Acts: CommoditiesDetails