Steve McMahon, Democratic Strategist; and Robert Traynham, former Bush-Cheney Senior Advisor, discuss possible splits in Congress the new budget deal may cause.» Read More
No matter the media outlet, it's been nigh on impossible to miss the selection of Sonia Sotomayor as President Obama's nominee to replace Justice David Souter on the Supreme Court. One angle that hasn't been entirely explored, however, is that Obama essentially conducted the hiring process in the full glare of the public eye.
After five months and $19.4 Billion in federal aid, three restructuring plans, and the removal of one CEO, General Motors is locked, loaded, and ready to file for Chapter 11 Bankruptcy protection on Monday.
If there's one strategic communication goal Treasury Secretary Geithner should strive to achieve this weekend in China, it would be to strike down the myth that the U.S. is beholden to the Chinese because they buy our debt, writes Tony Fratto, former Deputy Assistant to the President and Deputy Press Secretary for the Bush Administration.
Stock index futures indicated a higher open for Wall Street Friday after the latest GDP report showed the economic decline began to slow in the first quarter.
Plus, Cramer makes the call on insurance, the autos, natural gas and more.
Find out why. Plus, Cramer updates his call on Research in Motion.
The Obama administration estimates that any GM bankruptcy would take at least 60 to 90 days and perhaps longer, a senior official said.
Stocks ended higher Thursday as crude prices climbed after an inventory pare-down and the results of the Treasury bond auction eased concerns about government debt.
The recommendations include creation of a new banking regulator and an expansion of powers for the Federal Reserve and FDIC.
One year after urging regulators to guide Lehman Brothers toward a recapitalization and recognition of its losses, hedge fund manager David Einhorn is making more potentially prescient speeches—this time about ratings agencies and gold.
Stocks rebounded Thursday as crude prices climbed after inventories were pared more than expected. Stocks had gotten off to a wobbly start as investors juggled a bleak report on new-home sales with any optimism from the unexpected drop in jobless claims and GM's deal with bondholders.
The Obama administration’s economic stimulus plan is working, Rep. Barnkey Frank, D-Mass. told CNBC.
Stocks retreated Thursday, after a higher open, as bleak report on new-home sales overshadowed any optimism from the unexpected drop in jobless claims and GM's deal with bondholders.
Stocks opened higher Thursday after an unexpected drop in initial jobless claims.
Spot gasoline is dear. The market is screaming at the refiners to start processing gasoline and sell into the backwardation. Failure to take advantage today and the refiners run the risk of chasing the curve lower as we move out along the x-axis… not to mention they risk of the wrath of media savvy politicians should downstream inaction lead to higher prices at the pump for Americans through this summer and into hurricane season, writes Stephen Schork.
Futures held onto gains Thursday after an unexpected drop in initial jobless claims. However, the gains were muted as Dow component P&G slashed its outlook.
Stocks finished near session lows Wednesday as rising bond yields on government debt raised concern that borrowing costs are going to start going up and tamp down the economic recovery.
The Obama administration continues to try to facilitate a long-shot debt-reduction agreement with reluctant General Motors bondholders despite a bankruptcy deadline.
Stocks got a quick pop Wednesday after a report showed existing-home sales rose in April but quickly retreated as the previous day's optimism faded and GM stirred anxiety in the market. But tech stocks gained, sending the Nasdaq into positive territory.
100 days have now passed since President Obama signed the $787 billion economic stimulus bill into law. Signed less than a month into his administration, the stimulus package provides notable investments into infrastructure/construction, renewable fuels/alternative energy, farming/agriculture, and healthcare.