President Barack Obama and Vice President Joe Biden are hitting the road to trumpet $600 million in new competitive grants to spur job creation.» Read More
Today's action is perhaps not surprising. It was encouraging for most of the day because even though stocks were weak at the outset, there was no concerted selling effort, despite yesterday's huge rally.
Stocks came off their lows as the House hearings with Geithner and Bernanke began about 10:30 ET, and improved throughout the morning.
President Barack Obama said Tuesday he hopes "it doesn't take too long to convince Congress" to approve new authority to oversee big, tottering financial firms.
left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/fratto_t_100_2.jpg1100100010lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalse We've spent the better part of this financial crisis going Joan Crawford on our financial institutions. We've locked them in closets, taken away their dessert, and issued verbal spankings, writes Tony Fratto.
The S&P 500 rose 6.6% yesterday in reaction to the details of Treasury's plan, called the Public-Private Investment Program (PPIP), to help banks rid their balance sheets of problem assets.
President Barack Obama urged fellow G20 leaders on Tuesday to agree immediate action to boost the global economy at a London summit next month.
Not a big surprise we are seeing modest profit-taking this morning. Big European banks are down mid single-digits.
Cramer applauds Obama for taking much-needed action – actions the Mad Money host has been cheerleading for some time.
These companies will tell us whether or not Monday’s rally was real.
In this Web Extra, the traders talk President Obama's primetime's news conference, as well as Carnival earnings, Williams Sonoma earnings and more!
The Federal Reserve should play a "central role" in preventing future financial crises like the one now gripping the country.
Stocks pop on news that investors can get a sweet deal with the public/private partnership, and Goldman Sachs pops when the WSJ says it might pay back all or part of the TARP money by selling part of its $7.5 billion stake in Chinese bank ICBC!
Treasury Secretary Timothy Geithner told CNBC that the government's highly-anticipated plan to deal with troubled mortgage loans and assets is just the latest effort to stem the financial crisis.
Treasury Secretary Geithner told CNBC that the government's highly-anticipated plan to deal with troubled loans and assets is just the latest effort to stem the financial crisis.
CNBC's Erin Burnett interviews Treasury Secretary Tim Geithner.
The government's latest effort to stabilize the financial system centers on public-private investment funds that will buy up to $1 trillion in troubled loans and securities at the heart of the crisis.
The US Treasury revealed details of a highly-anticipated plan to set up public-private investment funds that will buy up to $1 trillion in troubled loans and securities at the heart of the financial crisis.
left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/chandler_marc_100.jpg110010055lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalse Winston Churchill once quipped that "The Americans will always do the right thing after they have exhausted all the alternatives." To be sure all the other other alternatives to the Treasury's toxic assets plan have not been exhausted, though many were.
Despite deep skepticism on the Street, stock futures are having one of their best mornings in months as details of the Geithner plan are now available.
U.S. Treasury Secretary Timothy Geithner is set to reveal details on Monday of a plan to set up public-private investment funds that could buy up to $1 trillion in troubled loans and securities at the heart of the financial crisis.