Politics Barack Obama

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    This past week the word stimulus has been said more times than I can remember and with both sides of the aisle battling over the success or failure of the first stimulus, and if this second round of spending will boost the economy, I decided to ask some of my contacts on what they think about the economy and the second stimulus policies unveiled by the President.

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    Congress returns this week with embattled Democrats torn between trying to show they have the economic answers and fearing the further wrath of voters over new government programs. It appears the fears will win out.

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    The financial debate in Washington this fall will likely be consumed by whether, and how, to extend the Bush tax cuts. But economic research suggests that tax cuts, though difficult for politicians to resist, have limited ability to bolster the flagging economy. The NYT reports.

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    President Obama signaled on Friday that he was close to choosing a director for a new consumer bureau, but an array of top jobs that will be crucial to shaping economic policy and financial regulation for the rest of his term remain unfilled. The NYT reports.

  • Cramer thinks he might be.

  • Stocks closed higher after struggling to find direction much of the day amid light volume and ahead of a week filled with economic data. Chevron and Merck gained, HP fell.

  • As expected, the SEC has expanded the stock circuit breaker program to cover all stocks in the Russell 1000 Index and certain ETFs.

  • Stocks are modestly higher after struggling to find direction much of the day amid light volume and ahead of a week filled with economic data. Merck and Chevron gained, HP fell.

  • Kenneth R. Feinberg

    The Obama administration says it's chosen a Treasury Department lawyer to replace pay czar Kenneth Feinberg, who stepped down Friday, ending a contentious 14-month tenure.

  • Sign of the times: dark pool Liquidnet says it is laying off 12 percent of its staff due to the low volumes. Liquidnet, which specializes in matching large institutional orders, seems to be the latest one to acknowledge the weak volume is taking a toll on their business.

  • Also: The SEC should take a Trading Hippocratic Oath: First, do no harm. The odds that tons of new rules make things worse, rather than better, has to be considered.

  • Stocks trimmed gains amid light volume in a largely upbeat week for the market and as President Barack Obama holds a press conference focused on the U.S. economy.  Honeywell and Altria rose, HP fell.

  • The President's economic stimulus plan is not what the country needs to generate jobs, Lawrence Lindsey, president & CEO of The Lindsey Group and former National Economic Council director, told CNBC on Friday.

  • Interesting developments in global markets, from financial firms to handset makers to semiconductors.

  • U.S. stock index futures pointed to a slightly higher open Friday after a rise in crude oil prices and as investors consider Deutsche Bank's step to raise capital.

  • President Barack Obama

    At Friday's press conference from the White House, the president is expected to fault Republicans for failing to help him on improving the economy or support his call for new tax cuts for businesses.

  • AUSTAN GOOLSBEE, Economic Recovery Advisory Board Chief Economist

    President Barack Obama has chosen Austan oolsbee to succeed Christina Romer as chairman of the White House Council of Economic Advisers, U.S. administration officials said. The New York Times reports.

  • The US economy will slow in the second half but return to more normal growth in the first half of 2011, James Bullard, president of the St. Louis Federal Reserve, told CNBC Thursday.

  • Deutsche Bank and other European banks dropped on a Bloomberg story that DB was considering floating additional equity. No comment from DB, according to CNBC's London Bureau. The market's reaction is surprising, given what we already know.

  • Stop blaming summer: volume really IS light. The S&P 500 is at a one-month high and is only a few points from breaking above its 200-day moving average. So why does it still feel quiet?