Council of Economic Advisers Chairman Jason Furman says the employment number was good, but more work remains to be done. He also explains why the administration thinks it's important to extend unemployment benefits.» Read More
At his news conference this morning, where he introduced New Mexico Gov. Bill Richardson as Commerce-secretary designate, President-elect Obama refused to play his hand on the Detroit/GM bailout story. That tells me he’s aware that the country is getting fed up with the thought of bailout nation.
The stock market was far off its morning lows, coming close to turning positive, as investors shook off a handful of weak economic reports and snapped up biotech shares and other defensive plays.
Senate Democrats were working Tuesday to put together legislation making it possible for Senator Hillary Rodham Clinton to become secretary of state despite a constitutional clause that some critics argue should bar her from joining the cabinet.
Stocks were set to give back some of their sharp gains from Tuesday's session but were off their morning lows after data showed a sharp increase in mortgage applications last week.
Now that's change we can believe in.
President-elect Barack Obama named New Mexico Gov. Bill Richardson as his choice for Commerce Secretary Wednesday.
President-elect Obama pledged quick work on an economic recovery plan to include tax cuts and increased federal spending.
Individual states across the country are being hit by the recession and credit crisis. President-elect Barack Obama, Vice President-elect Joe Biden and other prominent political figures address the challenges facing individual states, as well as the country.
The Big Three will become two, Detroit will need more help from the government, SUVs will enjoy a modest rebound and electric cars will fire up the industry.
Cramer tells you which infrastructure stocks are worth owning.
Recent government intervention has helped boost the stock market, but more will need to be done both domestically and around the world, said Mohamed El-Erian, co-CEO of bond titan Pimco.
Look for whatever stimulation proposal to come out of the Obama administration to be focused on infrastructure spending, expect banks to sell a lot of debt and the Fed to cut interest rates again, if necessary.
Kobe Bryant and the Los Angeles Lakers rise again, Brett Favre stays in the game, the Olympic Committee makes a stunning move and more pro sports teams than ever go up for sale.
After watching the dysfunctional, bickering Congress and a Bush Administration that looks out of gas, there are finally legitimate reasons for optimism coming from Washington—and when was the last time you heard that?
Brace for the glimmerings of a comeback in confidence in 2009, if only because it can’t get much worse than this. So, look for a corporate smashup, a new look from Goldman Sachs, and, yes that's right, the next bubble.
Our first prediction is possibly the biggest one of all: There will still be a job market in 2009. Tough call to make right now, we know, but even a crisis spells opportunity of one kind or another.
Obama isn’t a moderate but he’ll play one on TV, the credit dam will break and the recession will end, sort of.
U.S. President-elect Barack Obama got a write-in vote in the north-eastern city of Iasi in Romania, where a disgruntled voter preferred him to seven local politicians competing for seats in parliament, Romanian news agency Rompres reported Monday.
Stocks head into December with a tailwind, but the late November rally will quickly be put to the test by some gloomy economic reports and the next phase of efforts to save the struggling U.S. auto industry.
The Dow climbed higher on Wednesday as hopes of a General Motors bailout helped investors shrug off data depicting a worsening global economic downturn.