The Fed should "explicitly" say it will keep rates near zero until the economy is within a year of reaching Fed goals, a policymaker said.» Read More
The key to economic progress is not a revenue equation, but a spending equation, David Walker, former U.S. comptroller general told CNBC on Tuesday.
President Obama’s proposals to tax and curb the activities of Wall Street have thrown an unpredictable element into the debate over financial regulatory reform. They also have touched off an intensive new round of lobbying and raised questions in Congress over whether his plan will add urgency or merely bog things down.
President Barack Obama said Saturday that trimming budget deficits is as important as creating jobs, his top domestic priority this year, to continue the economic recovery that appears under way.
Government regulators from the U.S. and Europe laid out their financial reform plans Saturday before a skeptical banking industry, asking financiers for input but adamant that change was coming with or without their support.
The day after President Obama’s State of the Union, Congress went ahead and passed a $1.9 trillion — that’s right, $1.9 trillion — increase in the federal government’s debt limit. Let me tell you why this bothers me.
The day after President Obama’s State of the Union, Congress went ahead and passed a $1.9 trillion—that's right—a $1.9 trillion increase in the federal government’s debt limit. Let me tell you why this bothers me.
The market needs a correction after a 60% gain from last March and the news of the day Thursday was that Greece was looking for some help.
The tax on banks proposed by President Barack Obama is likely to become law, while a proposal to set up a fund for unwinding troubled financial institutions has little chance of succeeding, Rep. Barney Frank, D-Mass., told CNBC Friday.
How should you game banks now that Ben Bernanke has won Senate confirmation for a second term as Fed Chairman.
Bernanke will have to sharpen his political skills in his second term as Congress continues to attack the Fed and weighs a proposal to audit the central bank.
This Monday, Henry Paulson will be on CNBC as Larry's guest. The former head of the Treasury is coming on CNBC to talk with Larry about his new book and his role in the bailouts and AIG.
Unpopular as he may be, Treasury man Tim Geithner did a fine job yesterday defending the government rescues of last fall — including AIG.
Ben Bernanke is the buzz on everyone's lips and has the support of some big names here in the Alps. Here's what one said.
In a long, at times flat, at times inspiring speech, the President stuck to his guns and most decidedly did not take a turn to the center.
The sheer cost of the health care plan seems to have scared the independent voters in Massachusetts. America has not fallen in love with Republicans. They have fallen out of love with lofty speeches, ambitious goals, and the "establishment" and will vote anybody out of office who gets in the way.
The following is a statement from the Federal Reserve following its Jan. 26-27 meeting.
A defiant Treasury Secretary Geithner defended the government's bailout of AIG last year and denied playing any role in withholding information about deals that sent billions of taxpayer dollars to big banks
Now, sir, let's join hands, you and me, and go for a full-throated spending and debt limitation approach that will last not three years, but many decades to come. It will keep us out of bankruptcy, re-balance our books and promote growth.
What-did-they-know-and-when-did-they-know-it will be the over-arching theme of the questions. According to the US Treasury Department, Geithner was recused from "working on issues involving specific companies," including AIG after he was nominated on Nov. 24th, 2008, for the US Treasury Secretary.
The U.S. Treasury Secretary denied any role in disclosures about the insurer's payments to banks and defended his decisions as New York Federal Reserve chief to pay full price to retire AIG credit default swaps.