Get ready folks: America is about to own a car company. As of Monday, we the taxpayers will own more than 70 percent of GM. Whether the company will be formally renamed Government Motors remains to be seen. But that’s what it will be.
Lawrence H. Summers, the top economic adviser to President Obama, earned more than $5 million last year from the hedge fund D. E. Shaw and collected $2.7 million in speaking fees from Wall Street companies that received government bailout money, the White House disclosed Friday in releasing financial information about top officials.
Cramer loves himself a rant, for sure. But not the kind coming from Washington these days.
Letting banks fail is not an option as it will cause a run on all the other banks of all forms of creditors, David Roche, global strategist at Independent Strategy told CNBC.
Nationalizing banks is a slippery slope which won't do the mired down economy any good, says Wilbur Ross, chairman and CEO of WL Ross & Co.
The Obama administration is doing a much better job with regards to the dealing with the economic crisis than its predecessor says Wilbur Ross, chairman and CEO of WL Ross & Co.
Geithner would have been better off not giving a speech until he could put real meat on the bones. What he pulled Tuesday was a classic rookie move that will further erode the public’s trust in his capabilities.
Former Merrill Lynch CEO John Thain's estimate of losses in early December was only a fraction of the $15.3 billion loss that the brokerage giant later reported, Bank of America senior executives told CNBC.
Officials say they will make wide-ranging changes, including stricter federal rules for hedge funds, credit rating agencies and mortgage brokers, and greater oversight of the complex financial instruments that contributed to the economic crisis.
President Obama on Friday stepped squarely into the fractious effort in Congress to assemble an $825 billion economic recovery package, seeking to quell criticism from both parties and to retain leadership on an initiative that could define his term.
Dave Kansas has written a book to help us get through these dark days and offers guidance on how to build a better, more secure future.
A few days into his term, President Obama appears to have begun to undo another Bush-era policy. He hasn't yet formally lifted the Bush-imposed ban on federal funding of new embryonic stem cell research, but Obama's Food and Drug Administration has already set the stage for it.
The last thing we need is another master of the universe who feels like the rules of the moral code do not apply to him, says Jerry Bowyer.
Former President Bush may be kickin’ up his heels now that he’s back home in Texas – but he won’t be kickin’ back for long.
After eight years of W, the nation is simply thrilled that the government will finally work again. People are hopeful about Obama not because of his soaring rhetoric, but because it seems like he's approaching the job as a President rather than an autocrat.
Thank you, President Bush. As you leave office, the polls may leave you somewhat disheartened and even a bit sad. AND - Thank you, President Obama. As you enter office, the polls must make you smile a bit, even though you hardly seem like the bragging type.
The Bush Administration prepared to leave town. Alcoa kicked off a decidedly ugly earnings season. The Detroit auto show didn't have much horsepower, and December sales figures showed that for retailers, decking the halls didn't bring in much holly.
We asked you, "Who's Book Would You Want To Read Most - GW's, Laura Bush or Dick Cheney's" - Now we have the poll results.
President George W. Bush will be on TV tonight to deliver his farewell address. He has said, “Whatever I say, it shouldn’t be very long.” I’m sure he’s saving the "long" stuff for his book. But will his book be the must-read? Vote now.
The Democrats wasted no time distinguishing themselves from President George W. Bush.