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Congress Federal Budget (U.S.)


  • Greenspan Says Fed Didn't Cause Housing Bubble Tuesday, 8 Apr 2008 | 5:17 PM ET
    Alan Greenspan

    Former Federal Chairman Alan Greenspan told CNBC  he had little to do with the  housing bubble or credit crisis despite criticism the Fed kept interest rates too low under his watch.

  • Fed Didn't Inflate the Housing Bubble: Greenspan Tuesday, 8 Apr 2008 | 4:55 PM ET
    Alan Greenspan

    Former Federal Reserve Chairman Alan Greenspan has defended himself from charges that easy U.S. monetary policy created the current credit crisis by inflating a housing bubble, and instead blamed professional investors.

  • Fed Minutes Show Worries About a Deep Recession Tuesday, 8 Apr 2008 | 3:36 PM ET
    Ben Bernanke

    Worries about a deep recession--not a shallow one--drove Fed policymakers to slash interest rates again last month, according to minutes of their  meeting.

  • Full Text: FOMC Minutes Tuesday, 8 Apr 2008 | 2:28 PM ET
    The Federal Reserve headquarters in Washington, DC.

    The following is the text of the minutes from the Federal Open Market Committee's meeting of March 18, issued on Tuesday:

  • Small Business Optimism Index Hits All-Time Low Tuesday, 8 Apr 2008 | 7:43 AM ET

    A gauge of small business optimism in the United States sunk in March to a 22-year low, as small business owners clamped down on plans to create new jobs and expand business operations, a survey released Tuesday showed.

  • U.S. Sliding into Recession: Head of Economic Bureau Monday, 7 Apr 2008 | 10:15 AM ET
    Martin Feldstein

    Martin Feldstein, who heads the group that is considered the arbiter of U.S. recessions, told CNBC that he believes the U.S. has been sliding into a recession.

  • Job Outlook for '08 Grads: Fewer Offers, Higher Pay Friday, 4 Apr 2008 | 12:40 PM ET

    For those graduating college this year, getting a job will be a little harder than last year—but will likely pay more.


    If recessions are best seen through the rear-view mirror, then Friday's jobs data makes the current state of the economy pretty clear.

  • JOBLESS_noTEXT.jpg

    US employers cut payrolls by a bigger-than-expected 80,000 in March, more evidence that the economy is in a recession.

  • McTeer: Strengthen Dollar, But Not Yet Friday, 4 Apr 2008 | 7:54 AM ET

    The Federal Reserve has been wise to keep the dollar weak as the economy navigates its way through the current liquidity shortage, the former chairman of the central bank's Dallas branch said.

  • Fed's Yellen Hints at Recession, Rates Uncertain Friday, 4 Apr 2008 | 4:11 AM ET
    Janet L. Yellen

    For the second time this week, a senior Federal Reserve official conceded the United States economy could slip into recession, but suggested the central bank should wait to see if more rate cuts are needed.

  • CEOs Show Pessimism About Economy Thursday, 3 Apr 2008 | 8:16 AM ET

    An index of chief executives' confidence in the US economy plunged to a record low last month, reflecting deeper concerns about the credit crisis and prospects for hiring.

  • Credit Crunch to Drag On Despite Efforts by the Fed Wednesday, 2 Apr 2008 | 2:59 PM ET

    Now that Wall Street has gone through its version of “Survivor”, it’s time for a reality check. The credit crunch is probably far from over and is  likely to play out like a mini-series than a reality TV show.

  • Private Sector Shows Unexpected Job Growth Wednesday, 2 Apr 2008 | 10:24 AM ET

    US private-sector employers unexpectedly added 8,000 jobs in March, a report by a private employment service said, confounding economists' expectations of a fall.

  • TEXT: Bernanke's Testimony Wednesday, 2 Apr 2008 | 9:40 AM ET

    The full text of Federal Reserve Chairman Ben Bernanke's prepared testimony before the Joint Economic Committee of Congress on April 2, 2008:

  • TEXT: Henry Paulson's Speech Monday, 31 Mar 2008 | 10:48 AM ET

    The full text of  a speech on the "Blueprint for Regulatory Reform" given by Treasury Secretary Henry Paulson on March 31, 2008:

  • Paulson Says Stimulus Plan to Create 600,000 Jobs Friday, 28 Mar 2008 | 8:17 AM ET
    Treasury Secretary, Henry Paulson

    U.S. Treasury Secretary Henry Paulson said on Friday that an economic stimulus program that will put $168 billion into consumers' hands this year and next could help create hundreds of thousands of new jobs.

  • Economy May Be Slipping Into Recession: Fed Officials Thursday, 27 Mar 2008 | 1:59 PM ET
    Gary Stern

    The U.S. economy seems to be slipping into recession and the Federal Reserve must cushion the pain and make it as brief as possible, two Fed policymakers said.

  • Durable Goods Orders Fell A Steep 1.7% in February Wednesday, 26 Mar 2008 | 10:15 AM ET

    Orders  for big-ticket manufactured goods fell for a second straight month in February, a worse-than-expected performance that provided more evidence of a slumping economy.

  • As Interest Rates Decline, Bernanke's Stock Goes Up Wednesday, 19 Mar 2008 | 11:43 AM ET
    Ben Bernanke, President Bush's top economic adviser, speaks in the Oval Office at the White House after Bush named him to take over the Federal Reserve from retiring Alan Greenspan, in Washington, Monday, Oct. 24, 2005. It was the third time in as many years the president has turned to the 51-year-old Bernanke for a sensitive post. Bush named him to the Fed board in 2002, then made him chairman of the president's Council of Economic Advisers earlier this year. (AP Photo/J. Scott Applewhite)

    Fed Chairman Ben Bernanke’s stock is at a 52-week high on Wall Street --- with the exception perhaps of Bear Stearns, which appears to be selling him short.