(CNNMoney) - What if the threat of a voluntary default by the United States could be erased by simply turning one tiny scrap of platinum into a coin?
That's right. No debt ceiling problem. No bickering in Congress. No market jitters. The only thing needed is for the Treasury Department to mint a platinum coin with a face value of $1 trillion.
Hong Kong (CNNMoney) - International markets opened for business Wednesday as lawmakers in the United States raced to complete legislation that would mute much but not all of the fiscal cliff.
The Senate passed a compromise measure Tuesday that would extend the Bush-era tax cuts for the vast majority of Americans and spare tens of millions from the Alternative Minimum Tax.FULL STORY
HONG KONG (CNNMoney) - World markets were down slightly Wednesday as investors processed U.S. election results.
Asia markets were modestly lower, with the Hang Seng in Hong Kong down 0.4%, the Nikkei in Tokyo off 0.1% and the Shanghai Composite sinking 0.3%.FULL STORY
Honk Kong (CNNMoney) – President Obama and Mitt Romney each used their second presidential debate to talk tough on China.
Romney pledged that he would label China as a currency manipulator on his first day in office - a promise he frequently works into his campaign speeches. And he accused China of "stealing" designs, patents and technology pioneered by U.S. companies.FULL STORY
Hong Kong (CNNMoney) - Jack Welch elaborated Wednesday on his widely-debunked criticism of the latest government jobs report, claiming in an op-ed that the reported 7.8% unemployment rate is "downright implausible."
Writing in the Wall Street Journal, Welch said that it is an overstatement to suggest that data collected by the Bureau of Labor Statistics is "precise" or "bias-free." And he raised questions over three key statistics - the labor-force participation rate, the growth in government workers and overall job growth - saying big one-month gains "have to raise some eyebrows."FULL STORY
(CNNMoney) - To the investors on Intrade, there was little question who came away from Wednesday night's presidential debate on top: Mitt Romney.
Intrade is a prediction market that allows investors to wager on the outcome of events. In this case: the presidential election.FULL STORY
(CNN) - Research firm Moody's Analytics, citing state-by-state economic data, continues to predict that Barack Obama will defeat Mitt Romney on Election Day. Click on the map for more info on each state.
Despite a wave of disappointing economic reports, President Obama is still likely to top Mitt Romney on Election Day, according to the latest forecast from Moody's Analytics.FULL STORY
NEW YORK (CNNMoney) - President Obama and Mitt Romney both say they are focused on improving the lives of middle-class Americans, but a new poll suggests that the president has a slight edge over his challenger with the key demographic group.
Just more than half - 52% - of middle-class adults said the president's policies would benefit them should he win a second term. A lower number - 42% - of respondents said that Romney's policies would help the middle class.FULL STORY
New York (CNNMoney) - Mitt Romney's tax plan would provide large tax cuts to the very wealthy, while increasing the tax burden on the lower and middle classes, according to a study released Wednesday.
The report - produced by researchers at the Urban-Brookings Tax Policy Center - illustrates just how difficult it would be to recoup government revenue lost under Romney's plan.FULL STORY