Congress Federal Budget (U.S.)

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  • 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.

  • 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.

  • 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.

  • 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.

  • Federal Reserve Bank Chairman Ben Bernanke

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

  • 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.

  • 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.

  • bb_heart_LLoverride.jpg

    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.

  • 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.

  • 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.

  • 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

  • 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.

  • 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?

  • manufacturing_car_2.jpg

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

  • 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.

  • 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.

  • 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.

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  • The Fed cut interest rates another half point, but economists are divided about whether its policy statement will successfully manage market expectations.

  • The Federal Reserve headquarters in Washington, DC.

    The statement released by the Federal Open Market Committee after its January 29-30 meeting on interest rate policy.