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Federal Budget (U.S.)

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  • Abby Joseph Cohen: Economy to Rebound in 2008 Tuesday, 4 Dec 2007 | 5:30 PM ET

    Abby Joseph Cohen, chief investment strategist at Goldman Sachs, says the U.S. economy will rebound in mid-2008, but the next few months will be bumpy.

  • Surprise! CEOs Aren't Too Worried About Economy Tuesday, 4 Dec 2007 | 2:07 PM ET
    Cash Register

    U.S. chief executives' view of the economy improved in the fourth quarter, although they have become far more concerned about energy prices.

  • Fed's Yellen: Economy's Downside Risk Getting Worse Tuesday, 4 Dec 2007 | 12:24 PM ET
    Janet Yellen

    Federal Reserve Bank of San Francisco President Janet Yellen said on Monday that worsening financial conditions and weaker-than-expected economic data have raised downside risks to the economic outlook.

  • Confidence Rebuilding Will Be 'Long and Slow': Ryan Tuesday, 4 Dec 2007 | 6:56 AM ET

    Financial market anxiety has rebounded and the process of rebuilding confidence will be "long and slow," a top U.S. Treasury official said on Tuesday.

  • Ben Bernanke

    The Federal Reserve will cut interest rates by a full percentage point before June to help the housing market, Citigroup's chief economist, Lewis Alexander, said.

  • Fed Likely to Cut Rates, But How Much Is Unclear Friday, 30 Nov 2007 | 3:30 PM ET
    Federal Reserve Chairman Ben Bernanke.

    Economists say the Fed is almost certain to lower interest rates Dec. 11, but key economic data in the week to come will determine if its a quarter point or half a point.

  • US Economy Showing More Signs of Weakness Friday, 30 Nov 2007 | 12:45 PM ET
    Cash Register

    The U.S. economy is continuing to show weakness in everything from personal spending and income to construction spending, according to several reports out Friday

  • Bernanke Signals Fed Open To Cutting Rates Further Friday, 30 Nov 2007 | 8:48 AM ET
    Federal Reserve Bank Chairman Ben Bernanke.

    Federal Reserve Chairman Ben Bernanke said on Thursday a resurgence in financial strains in recent weeks had dimmed the outlook for the U.S. economy, signaling an openness to lowering interest rates again.

  • U.S. Economy Shows More Signs Of Slowing Down Thursday, 29 Nov 2007 | 1:18 PM ET
    new_built_home_AP.jpg

    Softer-than-expected new-home sales and a surge in jobless claims heightened fears of a steep U.S. economic slide.

  • White House Revises GDP Outlook: 2007 Up, 2008 Down Thursday, 29 Nov 2007 | 12:49 PM ET

    The White House lowered its U.S. economic growth forecast for 2008 Thursday because of trouble in the housing and credit markets, but said the economy remained resilient and a six-year expansion would continue

  • GDP Surged in Summer But Slowdown Is Coming Thursday, 29 Nov 2007 | 12:27 PM ET

    The U.S. economy grew at a robust 4.9% rate in the third quarter, but a surge in jobless claims last week signaled a major slowdown in the fourth quarter.

  • Wall Street Bloodbath: Layoffs Keep Growing Wednesday, 28 Nov 2007 | 6:07 PM ET

    Bear Stearns is only the latest Wall Street firm to cut jobs. In recent months, U.S. banks and financial service companies with banking operations having been slashing tens of thousands of positions.

  • Fed Sees A Blue Christmas as Growth Slows Wednesday, 28 Nov 2007 | 3:47 PM ET

    The economy grew at a slower pace in the late fall as shoppers watched their pennies heading into the busy holiday season.

  • Economy Will Be Hit Hard Even Without Recession Wednesday, 28 Nov 2007 | 2:24 PM ET

    The  economy may avoid a recession in the year ahead but it's almost certain that there will be months of slow growth.

  • Durable Goods Orders Fall for Third Straight Month Wednesday, 28 Nov 2007 | 9:21 AM ET

    New orders for long-lasting U.S.-made manufactured goods dropped for a third month in a row during October and companies appeared wary about making new investments, according to a Commerce Department report on Wednesday.

  • Consumer Mood Worsens Due to Gas Prices, Markets Tuesday, 27 Nov 2007 | 12:08 PM ET

    U.S. consumer confidence fell unexpectedly sharply in November to  a two-year low on worries about rising gas prices and financial market volatility.

  • Goldman Slashes Growth Outlook, Sees Lower Rates Tuesday, 27 Nov 2007 | 11:15 AM ET

    Goldman Sachs on Tuesday slashed its target for the expected trough in U.S. benchmark interest rates by a full percentage point, citing an increased probability of recession and the likelihood of a prolonged period of sluggish performance for the U.S. economy.

  • Happy Holidays? Recession Worries Are On the Rise Monday, 26 Nov 2007 | 6:26 PM ET
    Foreclosured Home

    A parade of economic data in the next couple weeks will tell volumes about the economy and the Fed’s chances for achieving a soft landing.

  • Paulson Sees More Home Loan Defaults in 2008 Wednesday, 21 Nov 2007 | 8:35 PM ET
    Treasury Secretary, Henry Paulson

    U.S. Treasury Secretary Henry Paulson said the number of potential U.S. home-loan defaults "will be significantly bigger" in 2008 than in 2007, the Wall Street Journal's online edition reported.

  • Americans In A Foul Mood As Holidays Approach Wednesday, 21 Nov 2007 | 12:42 PM ET
    turkey_dinner.jpg

    The mood among consumers hit the skids in November as gasoline prices soared and the housing slump worsened.