Puerto Rico's crisis ... in 2 minutes

Puerto Rico has been dubbed "America's Greece." The island is expected to default on its debt for the first time ever on Monday. If you're just catching up, here's the latest on Puerto Rico's crisis and what you need to know. Last updated August 3 at 12 noon ET.

Dollar’s Rise Lifts Imports and Widens Trade Gap

A roof-raising trade gap in March highlighted concerns that the rise of the dollar against other currencies was weakening the economy, chipping away at the ability of American manufacturers to compete abroad while encouraging more imports to fill retailers’ shelves.

U.S. sees emerging market woes as focal point at G20

(Reuters) - Economic policymakers from the world's biggest economies will focus on recent financial market turbulence when they meet next week in Sydney, a senior official at the U.S.

US economy grew at 2.7% rate in summer

WASHINGTON — The U.S. economy grew at a 2.7 percent annual rate from July through September, much faster than first thought.

Geithner Says Budget Deal Is ‘Within Our Grasp’

Treasury Secretary Timothy F. Geithner said he’s confident an agreement on averting the fiscal cliff can be concluded within weeks after White House talks between President Barack Obama and congressional leaders.

Clinton sees Congress moving on Russia trade measure

VLADIVOSTOK, Russia (Reuters) - The U.S. Congress may move this month to upgrade trade relations with Russia, a key part of the Obama administration's effort to bolster sometimes strained ties with Moscow and open the Russian market to more U.S. companies, Secretary of State Hillary Clinton said on Saturday.

Geithner to discuss Iran in China, Japan visit

(Reuters) - Treasury Secretary Timothy Geithner will travel to China and Japan next week to discuss U.S. sanctions on Iran and the state of the global economy with top government officials, the Treasury Department said on Wednesday.

Getting to No: The Entirely Predictable Tax Stalemate

As the year careens to a close, a new chapter in dysfunction has opened in Washington. We noted that in the long-running game of "Deal or No Deal" between Democrats and Republicans over fiscal issues, the answer always seems to be "No Deal."

Budget wrangling trips up payroll-tax vote

WASHINGTON (MarketWatch) — A dispute between Senate leaders about funding the government past Friday delayed a quick vote on a House-passed bill to extend a payroll tax cut, raising the possibility of a government shutdown and leaving the tax cut’s fate in limbo.