The failure of the Obama administration's foreclosure mitigation programs haunt them to this day. The Fiscal Times reports.» Read More
While off the highs of the morning, futures are still indicating a slightly higher open ahead of Fed Chairman Ben Bernanke’s semi-annual testimony in front of the Senate Banking Committee.
float: left;display: inline; font-size:11px; font-face:Arial; border: 1px solid #CCC; line-height:12px; margin-right: 15px; width:100px;/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/fratto_t_100_2.jpg110010000truehttp://msnbcmedia.msn.comfalse1Pfalsefalse left/CNBC/Components/Images/spacer.gif1107500lefttruehttp://icnbc.msnbc.msn.comfalsePfalsefalse Tony FrattoFormer White House SpokesmanSecretary Clinton's unfortunate foray into economic policy in Beijing last week only served to highlight the weakness of her approach.
Safe haven plays like gold and the dollar were down again Tuesday, despite the fall in global stocks, as concerns grew about the financial system, scaring investors off. Experts expect the precious metal's rally to continue past the record $1,030.80 it hit last March.
Global stocks were down Tuesday on heightened fears over the stability of the financial industry. Wall Street sank to an 11-year low overnight on reports the government may take a 40 percent stake in Citigroup.
Stocks fell flat as investors grew more confident that the government will stabilize the battered financial sector, but technology remained weak.
The man many thought would be "Car Czar" will now be leading the task force looking at how to fix General Motors and Chrysler. Steven Rattner is joining the Obama team as counselor to Treasury Secretary Timothy Geithner.
Keep track of what Obama has been doing since taking office:
The joint government statement that banks are more than well capitalized and that banks that can't raise more private capital can tap government funds is helping banks but not lifting the overall market.
From US banking to US fiscal spending, the political theme for the week is responsibility, says Andrew Busch.
float: left;display: inline; font-size:11px; font-face:Arial; border: 1px solid #CCC; line-height:12px; margin-right: 15px; width:100px;/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/chadwick_p_100.jpg110010000truehttp://msnbcmedia.msn.comfalse1Pfalsefalse left/CNBC/Components/Images/spacer.gif1109500lefttruehttp://icnbc.msnbc.msn.comfalsePfalsefalse Patricia Chadwick Founder andPresidentRavengate Partners LLCThe stimulus package is a real disappointment because it could have provided a serious punch to shock the economy into action. Instead it is a typical – albeit much bigger than normal – spending bill, which means it is has more than the normal amount of pork and less of the incentives needed to stimulate capital investment, jobs and profits.
When I woke this morning and surveyed what the morning papers carried about the auto industry, one article in the Detroit News about what cars the Obama Auto Team members own caught my attention -- It brings up the question: Will the cars these members drive influence their decisions regarding GM and Chrysler?
US stock index futures pointed to a higher open Monday as shares of Citigroup soared over 25 percent in pre-market trading, following reports the government could up its stake in the Wall Street giant.
Despite the jumps in banks' shares in morning trade following reports the U.S. government may seek to get 40 percent in Citigroup, experts tell CNBC banks still have skeletons in their closets.
CNBC's Rick Santelli leads the trader mortgage revolt. Would you want to join his "Chicago Tea Party?" Let us know:
CNBC's Rick Santelli touched a nerve last week. Here, he explains what led to that now-famous "shout heard 'round the world."
Plus, Cramer extends an invitation to Pepsi’s Indra Nooyi, talks technicals and makes a call on Dow Chemical.
The performance of certain companies will tell us how well the new president’s doing.
Hey Geithner, how ‘bout some leadership? Without it, the market’s slide will continue.
Is inflation Dead? While Ben Bernanke and most of the economics profession believes that it is, this is largely because of the Phillip’s curve — which argues a trade-off between unemployment and inflation, or recession and recovery.
We hit our lows as Senator Chris Dodd said nationalization of some banks may be necessary on a short term basis, then rallied midday as the White House downplayed bank nationalization rumors.