Top administration officials tried to steer President Barack Obama's new $3.8 trillion budget through a congressional minefield on Tuesday as the day-old plan drew fire from Republicans and Democrats alike.
The week started out with nothing but good looking news. Overseas a bunch of countries reported their Purchasing Managers surveys (PMI) and they were almost uniformly good.
Tonight, we learn about Mr. Paulson's thinking behind all those decisions, taken in response to the financial crisis, and, ultimately, in the pursuit of long-run American prosperity.
The key to economic progress is not a revenue equation, but a spending equation, David Walker, former U.S. comptroller general told CNBC on Tuesday.
Mining and metal stocks are up again about 2 percent in Europe; Rio Tinto was raised to "buy" from "hold" at Citigroup. We have no panic over Greek bonds, so Europe is trading higher. Elsewhere, earnings are pumping up stocks — mostly outside the U.S., but not all...
Spain's presidency has as its bedrock the '2020 Strategy' plan. A plan to create jobs and to make Europe a 'smarter, greener social market'. But Spain itself has the worst jobs picture anywhere in the EU27.
As costly as President Barack Obama's proposals to revive the economy are, they pale in comparison to the impact the recession has had on the federal budget and its astonishingly huge deficits.
Stocks kicked off February with a rally, after a dismal January, energized by an earnings beat from ExxonMobil and a strong manufacturing report. Alcoa and Exxon led the Dow. Apple gave the Nasdaq a boost but Amazon took a hit.
Stocks advanced on the first day of February, energized by an earnings beat from ExxonMobil and a strong manufacturing report.
There are some who blame the Fed for missing warnings signs leading up to the financial crisis; others have said the Fed caused the crisis with its “easy-money” policies.
While President Barack Obama is proposing to cut some taxes for companies that hire workers, his budget would raise a host of other taxes on businesses and wealthy individuals.
Good news: oil production (upstream) showed production growth. This is a remarkable achievement! The bad news: 1) access to resources; 2) downstream (oil refining) is a mess.
Starting today home "Flippers" are now welcome at the FHA. That's right, with a glut of foreclosures plaguing the nation's neighborhoods, the FHA is temporarily removing restrictions on investors who buy and sell homes within 90 days.
Although global economies appear to be recovering, the inevitability of higher interest rates still weighs on stocks. Manufacturing indexes were strong in India, China, South Korea and Australia. Australia may raise rates again tomorrow, by 25 basis points to 4 percent. The U.S. reports on its own manufacturing activity with the ISM at 10am ET.
writes Gary Shapiro, President & CEO of the Consumer Electronics Association.
Investors started February on an optimistic note, bidding stocks higher after logging the worst month for the market in over a year in January.
President Obama's economic policies are promoting 'fiscal insanity' that is leading the nation down the path of insolvency, Sen. Judd Gregg (R)-NH told CNBC Monday.
The Obama budget is doing something now that will incent people to hire workers that in the long run is going to cost them their jobs.
Although President Barack Obama's push for a health care overhaul has stalled, conservative lawmakers in about half the states are forging ahead with constitutional amendments to ban government health insurance mandates.
Stock index futures pointed to a sharp rise to kick the month off Monday, following a third-consecutive losing January.