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Congress Federal Budget (U.S.)


  • Wholesale Inflation Soars On Rising Energy Costs Tuesday, 26 Feb 2008 | 11:46 AM ET

    Inflation at the wholesale level jumped 1 percent in January on rising energy costs and posted the biggest 12-month gain in more than 26 years.

  • Pimco's Gross: Inflation Hurts Treasuries Appeal Tuesday, 26 Feb 2008 | 8:57 AM ET
    Bill Gross

    U.S. government bonds hold little appeal with inflation making a strong comeback, the manager of the world's largest bond fund said on Tuesday.

  • Fed's Fisher: Rate Cuts Need Time to Work Friday, 22 Feb 2008 | 2:54 PM ET
    Hundred Dollar

    Dallas Federal Reserve President Richard Fisher said on Friday that it will take some time for interest-rate cuts the Federal Reserve has made since last September to kick in and boost the economy.

  • Fed Sees Credit, Housing Cutting Into Growth Wednesday, 20 Feb 2008 | 3:01 PM ET
    The Federal Reserve headquarters in Washington, DC.

    The Federal Reserve lowered its projection for economic growth this year, citing damage from the housing slump and credit crunch.

  • Fed's Poole: Recession Unlikely but Inflation a Risk Wednesday, 20 Feb 2008 | 2:47 PM ET

    The U.S. economy will probably avoid a recession but inflation is also a risk and the Federal Reserve must not ignore this threat as it battles weak growth, one of the Fed's top policy-makers said.

  • Text: FOMC Minutes Wednesday, 20 Feb 2008 | 2:21 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    The text of the minutes from the Federal Open Market Committee's meeting on January 29-30, released on February 20, 2008.

  • Greenspan Says U.S. 'On The Edge' of Recession Friday, 15 Feb 2008 | 10:56 AM ET
    Alan Greenspan

    Former U.S. Federal Reserve Chairman Alan Greenspan on Thursday said the U.S. economy is "clearly on the edge" of a recession.

  • Bernanke's Gloomy Outlook Sparks Valentine's Selloff Thursday, 14 Feb 2008 | 2:09 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    On Tuesday, we had the Warren Buffett rally. On Valentine's Day, it was the Ben Bernanke selloff.

  • Bernanke Says Fed Ready To Cut Interest Rates Again Thursday, 14 Feb 2008 | 11:06 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Fed  Chairman Bernanke told Congress the country's economic outlook has deteriorated and signaled that the central bank is ready to keep lowering rates.

  • Read Ben Bernanke's Testimony Thursday, 14 Feb 2008 | 10:46 AM ET

    The full text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the state of the U.S. economy and financial markets delivered before the Senate Banking Committee.

  • Will the Fed Chairman Send Wall Street a Valentine? Wednesday, 13 Feb 2008 | 2:46 PM ET

    Fed Chairman Ben Bernanke has yet to win the hearts and minds of many on Wall Street. But a stand-out performance during his appearance before Congress on Valentine’s Day may bring him considerably more admirers.

  • Bernanke Expects Housing Recovery by Year End Tuesday, 12 Feb 2008 | 3:59 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday he expects the downtrodden U.S. housing sector to improve by the end of the year.

  • Fed's Poole Predicts US Will Avoid Recession Tuesday, 12 Feb 2008 | 10:11 AM ET

    The U.S. appears likely to avoid an economic downturn but the chances of a recession have risen, St. Louis Federal Reserve Bank President William Poole said Monday.

  • U.S. Economy Is Showing More Signs Of Weakening Thursday, 7 Feb 2008 | 11:37 AM ET
    Unemployment Line

    The U.S. economy showed further signs of slowing, particularly with Thursday's report that the jobless ranks continued to swell last week

  • Job Market Weakens More, Fueling Recession Fears Thursday, 7 Feb 2008 | 10:45 AM ET
    Unemployment Line

    Jobless claims fell by 22,000 last week, but the number of workers remaining on jobless aid rose to its highest in more than two years.

  • Credit Crisis, Not Recession May Be Fed's Big Worry Tuesday, 5 Feb 2008 | 9:58 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    If the health of the economy is so murky, why has the Federal Reserve been so aggressive in cutting interest rates?

  • Labor Market Sending Mixed Signals on Recession Monday, 4 Feb 2008 | 2:57 PM ET

    The labor market may be weak, but that doesn't necessarily mean the US economy is in recession or on the verge of one.

  • Bush's Budget At A Glance Monday, 4 Feb 2008 | 10:03 AM ET

    President Bush unveiled a $3.11 trillion budget Monday for fiscal year 2009 that begins on Oct. 1. The proposal will be sent to the Democratic-led Congress, likely setting the stage for a fresh round of sparring over spending priorities.

  • Bush Budget Sees Bigger Deficits as Economy Slows Monday, 4 Feb 2008 | 8:52 AM ET
    President Bush speaks during a news conference, Thursday, Sept. 20, 2007, in the press briefing room at the White House in Washington. (AP Photo/Ron Edmonds)

    President Bush acknowledged Monday a weaker economy would lead to higher budget deficits, as he unveiled a $3.1 trillion spending plan for fiscal year 2009 that would nearly freeze domestic programs.

  • Jobless Claims Top Views as Consumer Spending Slows Thursday, 31 Jan 2008 | 11:03 AM ET
    Cash Register

    Consumers spent less in December than at any time in the past 15 months while applications for unemployment benefits soared last week, two more signs the economy is weakening.