Politics Barack Obama

  • Edward Liddy

    American International Group chief executive Edward Liddy faces tough questions Wednesday on Capitol Hill when he will testify before the House Financial Services Committee on how taxpayers' money poured into the insurance giant has been spent.

  • AIG Headquarters

    Eleven of the AIG employees who were received retention bonuses of $1 million or more are no longer with the company, according to a letter sent from New York Attorney General to Rep. Barney Frank.

  • This whole AIG fiasco—where the entire political class is suddenly screaming over bonuses paid to derivative traders in AIG’s financial-products division —is just a complete farce.

  • Jack Welch

    What follows below is the transcript of my interview with legendary former General Electric Chairman & CEO Jack Welch on The Kudlow Report last night.

  • Today's trading: a mirror image of yesterday. Let's just hope it doesn't end the same way. Stocks are hitting their highs midday, just as they did yesterday. The charts are the same, even the market leaders are the same as yesterday: financials, tech, and consumer discretionary.

  • Lawrence Summers, Director of President Barack Obama's National Economic Council

    President Obama's top economic adviser Larry Summers told CNBC that the administration will be "as creative as we can" to get back at least some of the $165 million in bonuses that AIG paid. 

  • AIG Headquarters

    The President should declare a war on greed, like the war on terror, which would help us solve all sorts of problems, including fat bonuses for financial wizards at companies like AIG.

  • If government can dictate terms for anyone participating in government programs, including salary levels, will it reduce the willingness to participate?

  • President Barack Obama is again asking Congress to pass his $3.6 trillion budget, saying it will "spark the transformation" the country needs to remain economically competitive.

  • Futures came off their lows for the morning as February housing starts and permits were much stronger than expected.

  • President Barack Obama and his economic team are taking a cheerier tone while making billions in federal loans available to the nation's struggling small businesses. 

  • What does Obama's cap-and-trade plan for carbon emissions mean for consumers? Will it nullify middle-class tax cuts? Cramer went to Southern Company CEO David Ratcliffe for an answer.

  • It was a late-day selloff that was widely anticipated: we went from WILDLY OVERSOLD to MOSTLY OVERBOUGHT, in 6 trading sessions!

  • AIG Headquarters

    With few legal options available, the White House may be forced to add millions of dollars in bonus payments to the outstanding debt owed by American International Group.

  • NOT SEEN ON T.V.: Carmen gets the facts about the president's new plan to help small businesses straight from the acting administrator of the SBA.

  • Today's rally notwithstanding, traders are worried that the whole AIG thing has raised the political risk for the economic recovery.

  • The Bernanke 60 Minutes interview lived up to billing with his comments that the country has avoided a Depression lifting market averages this morning.

  • bailout_capitol.jpg

    The Obama administration is increasingly concerned about a populist backlash against banks and Wall Street, worried that anger at financial institutions could also end up being directed at Congress and the White House and could complicate President Obama’s agenda, the New York Times reports.

  • Andrew Busch

    "The G20, Geithner, and Bernanke correctly and calmly point out what has to happen to restore the economy: it depends a lot on the financial system and what to do about it," writes Andrew Busch.

  • obama_barack_100days.jpg

    President Barack Obama and his economic team are taking a cheerier tone while making billions in federal loans available to the nation's struggling small businesses.