Happy Wednesday. Be especially careful of the driver-less cars out there.» Read More
President Obama launched a campaign to rein in corporate compensation with rules limiting executive pay. Below are the new rules and restrictions on executive compensation issued by the Treasury Department.
President Obama kicks off a campaign to rein in corporate compensation with rules limiting executive pay to $500,000 a year for companies getting taxpayer bailout funds in the future.
Now that Tom Daschle has withdrawn his nomination for health secretary because of his failure to pay taxes, and Nancy Killefer, who was appointed chief performance officer and deputy OMB director, has also withdrawn because of non-payment of taxes, it is time for Treasury secretary Timothy Geithner to do exactly the same.
As the global economy continues to drastically shrink, nations are aggressively pursuing policies to ease monetary conditions, stimulate the economy, and generate liquidity for their banking systems, says Andrew Busch.
The Obama administration indicated that it will not unveil new measures to aid the financial industry until next week but will move first on the issue of Wall Street bonuses and executive compensation.
The Obama administration will not unveil new measures to aid the financial services industry this week as had been expected. Instead the issue of Wall Street bonuses and executive compensation will be addressed, an industry source says.
The Obama administration and financial industry representatives are discussing new terms on lending transparency and executive compensation for companies receiving financial aid with an announcement likely this week.
President Barack Obama will keep seeking bipartisan support in Congress despite being rebuffed by House Republicans who voted against a $825 billion economic stimulus package, his spokesman said Thursday.
President Barack Obama's $825 billion package is headed toward passing in a sharply divided House of Representatives on Wednesday.
In late breaking news Steve Liesman reveals that the Treasury could set up a bad bank -- as soon as next week!
Treasury Secretary Timothy Geithner is no Hank Paulson when it comes to his personal finances.
President Barack Obama visits Capitol Hill Tuesday to try to build momentum for an $825 billion package he says is urgently needed to keep the U.S. economy from sinking into an even deeper recession.
Since Geithner is something of a wounded warrior from the tax non-payment controversy, Team Obama’s economic policy is shifting toward a Larry Summers power-center right now.
Plus, get the Mad Money host's calls on General Electric, Home Depot, Lowe's and more.
Timothy Geithner's tax controversy won't cost him his confirmation as U.S. Treasury Secretary on Monday but it could prove a source of friction when he seeks new powers from Congress to fight recession. Tell us what you think:
These two guys got away with murder, but no one seems to care.
President Barack Obama said it appears Congress is "on target" to approve a massive new stimulus package by Feb. 16th, President's Day.
Not a ringing endorsement, for sure. But this market needs leadership right now.
Download a PDF transcript of Warren Buffett and Tom Brokaw's complete interview focusing on Barack Obama for Dateline NBC.
UPDATED WITH VIDEO CLIPS. Dateline NBC aired portions last night (Sunday) of an interview with Warren Buffett by Tom Brokaw. Buffett tells Brokaw that Barack Obama is the right "commander in chief for the economy" but warns that no one should expect a "miracle" turnaround in the next few months. The two men also covered many other topics, including Obama's leadership style, excessive executive compensation, the challenges facing Detroit's automakers, China, and the role of greed in good times and bad. This is the second part of the complete transcript of that interview, as provided by NBC News.