The Democratic-controlled House approved $410 billion legislation Wednesday that boosted domestic programs, bristled with earmarks and chipped away at policies left behind by the Bush administration. The vote was 245-178, largely along party lines.
Financial institutions that pose a serious risk to markets should be subject to serious government oversight, President Barack Obama said Wednesday.
I always find that the most intriguing nuggets from the monthly Realtors report come not in the headline numbers but the historical analysis section.
With one of their own in the White House, Democrats in Congress are moving to give domestic government agencies 8 percent more money, on average, to spend this year atop the whopping $787 billion in economic stimulus funds.
float: left;display: inline; font-size:11px; font-face:Arial; border: 1px solid #CCC; line-height:12px; margin-right: 15px; width:100px;/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/maslansky_m_100.jpg110010000truehttp://msnbcmedia.msn.comfalse1Pfalsefalse left/CNBC/Components/Images/spacer.gif1108500lefttruehttp://icnbc.msnbc.msn.comfalsePfalsefalse Michael Maslansky CEO of Luntz, Maslansky Strategic ResearchIn an instant response session with registered voters we saw Strong partisan divides. The view from this group was not quite as gushy about the speech as most of the cable networks would suggest.
We are no longer a nation of idiots, or at least that's my takeaway from Obama's speech last night. It seems others agree.
There may be a reason there wasn’t more infrastructure spending in the American Recovery and Reinvestment Act. Members of Congress may have been fearful about just whom they would be helping if they spent more money on big public works projects. Why? Because they could face the prospects of having to defend allotting taxpayer money which gives jobs to illegal immigrants.
Global stocks rose Wednesday, rebounding from severe lows earlier this week, as comments out of the US on the economy and banking sector raised investors' hopes and led them to get back into riskier assets.
Following its second best day of the year yesterday, the markets are poised for a slightly lower open, with little reaction to President Obama’s first speech to a joint session of Congress.
US stocks looked set to give back some the gains from the previous session at the open Wednesday, after Federal Reserve Chief Ben Bernanke soothed investors by stepping back from bank nationalization plans and saying the recession may end this year.
Tuesday afternoon Ford took another huge step in showing it's committed to cutting costs and "sharing the pain".
I'm disappointed that Barack Obama has so far refused to accept my LinkedIn invitation. However, I'm happy to report that Dodgers Manager Joe Torre "friended" me on Facebook! Never met the man, but, like, how cool is that?
Global stocks rose Wednesday after Wall Street's overnight rally spurred by Federal Reserve Chairman Ben Bernanke's reassuring comments on the financial industry. Bernanke said the government did not have plans to nationalize major banks at this stage.
Executives of the biggest oil companies are taking their case for expanded offshore drilling to Congress, even as Democratic congressional leaders and the Obama administration promise to put some limits on energy development along the nation's coasts.
Obama spoke of many things in his Financial State of the Union. But the underlying tone was one steeped in one basic theme: accountability. For his administration, for you and me, and for the scoundrel corporate leaders everyone loves to hate nowadays. He said over and over again that the party is over, the fantasy dead. We have to be accountable for our actions.
Plus, Cramer's plan for Obama and the conundrum of preferred shares.
The president needs to address a few key issues in his speech to Congress Tuesday night, Cramer says, to help the markets get back on their feet.
"We have enough bad news out there. We need the positives," says one market pro about Obama's speech to Congress Tuesday night.
Now is not the time to push through narrow, costly special interest projects which at best don’t create jobs and at worst will cost them, says Bill Miller the National Political Director at the U.S. Chamber of Commerce.
We on Power Lunch were all transfixed during Sen. Corker’s questioning of Federal Reserve Chief Ben Bernanke Tuesday.