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Economic Measures

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  • Fed Official Bullard Sees Revival of Crisis-Era Program Thursday, 29 Jul 2010 | 12:18 PM ET
    James Bullard

    A Federal Reserve official says the central bank should revive a crisis-era program to buy government debt if the country seems headed toward a bout with deflation.

  • Letting Bush Tax Cuts Die Would Kill Recovery: Analysts Thursday, 29 Jul 2010 | 10:54 AM ET
    US Capitol Building with cash

    The nascent US economic recovery would be halted in 2011 if Congress fails to extend the Bush tax cuts for the wealthiest Americans, analysts at Deutsche Bank said.

  • Will a Tax Break for Multinationals Create Jobs? Wednesday, 28 Jul 2010 | 3:52 PM ET

    As the nation struggles with how to jump-start hiring in the US, one former CEO told CNBC Wednesday that a tax holiday for US-based multinationals could lead to job growth. However, experts on repatriation of profits say such breaks only rarely create jobs and the substantial amount saved by corporations on taxes usually lands in the hands of investors.

  • Investors Drawn to Rallying European Banks Tuesday, 27 Jul 2010 | 3:51 PM ET

    Does the price action on major banks in Europe tell investors that the continent is now not a threat to risk appetite and that Wall Street can mount a sustained rally without a repeat of May’s negative blow-up?

  • 'Tremendous' Distress in Commercial Real Estate: CEO Tuesday, 27 Jul 2010 | 2:19 PM ET

    When you look at the commercial real estate market right now, there is a tremendous amount of distress that is not really visible yet," according to Scott Rechler.

  • Roubini: EU Stress Tests Criteria Not Realistic Monday, 26 Jul 2010 | 8:03 AM ET
    Nouriel Roubini

    The pan-European stress tests on the banking sector were not tough enough to reflect future worsening conditions for the continent's economy, Nouriel Roubini told CNBC.com.

  • 10 Ways to Reduce Wasteful Gov't Spending Monday, 26 Jul 2010 | 7:30 AM ET
    Every year, government agencies put forth ideas on how their particular department can save money. This year, the Obama administration is proposing 126 cost saving measures totaling $23 billion for the 2011 federal budget. Some of these measures are big-ticket items involving the reduction or deletion of specific programs that can save hundreds of millions or even billions of dollars on their own.Other measures are small, common cost-saving measures that often equate to turning out the lights wh

    Take a look at 10 cost-saving measures the administration is considering that do not involve staffing reductions or elimination of programs — measures that could be implemented today.

  • Mortgage Securities Pose Sticky Problem for Fed Friday, 23 Jul 2010 | 2:45 PM ET

    While officials and economists generally regard the program as successful in supporting the housing market, it has left the Fed holding a vast pile of mortgage securities—basically i.o.u.’s from homeowners—that it does not want and cannot sell.

  • Obama Says Bank Bonuses Prove Need for Finance Law Friday, 23 Jul 2010 | 12:31 PM ET

    President Barack Obama says new revelations of big bank bonuses underscore the need for the financial regulation bill he signed into law this week.

  • Could Stress Tests Be Europe's Last Chance? Thursday, 22 Jul 2010 | 4:30 PM ET

    Friday at noon, New York time, 91 banks in Europe will reveal how strong they would be if the region went back into recession over the next two years and the sovereign debt they hold plunged in value.

  • Ben’s Curveball Thursday, 22 Jul 2010 | 10:22 AM ET
    Ben Bernanke, Federal Reserve Chairman

    Ben Bernanke threw a curveball Wednesday in his midterm report to Congress. The Fed view of the economy has been downgraded since its last report in February. This is not totally new news, since the June FOMC minutes reported this downgrade.

  • Most Americans Think Economy Yet to Hit Bottom Thursday, 22 Jul 2010 | 8:09 AM ET
    Recession-themed newsprint cuttings

    Nearly two-thirds of Americans believe that the economy has yet to hit bottom, meaning a double-dip recession is expected, a nationwide survey from Citigroup showed Thursday.

  • Bernanke Open to New Steps to Keep Recovery Going Wednesday, 21 Jul 2010 | 3:43 PM ET
    Senate Committee on Banking Housing and Urban Affairs hearing during which Federal Reserve Board Chairman Ben Bernanke delivers second semi-annual report on monetary policy.

    Federal Reserve Chairman Ben Bernanke told Congress Wednesday the economic outlook remains "unusually uncertain," and the central bank is ready to take new steps to keep the recovery alive if the economy worsens.

  • Read Bernanke's Testimony Wednesday, 21 Jul 2010 | 2:15 PM ET

    Below is the full testimony by Chairman Bernanke on the Semiannual Monetary Policy Report to the Congress, before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C.

  • Many Teen Workers Are Going Jobless This Summer Wednesday, 21 Jul 2010 | 10:49 AM ET

    Several factors have aligned to hurt what was once a vibrant and reliable labor market, pushing  the unemployment rate to more than 27 percent.

  • Busch: Five Questions for Ben Bernanke Wednesday, 21 Jul 2010 | 9:46 AM ET

    Over the next two days,Federal Reserve Chairman Ben Bernanke will present his semiannual review of monetary policy to Congress. All of these are central for understanding the central problem of the US economy: lack of job creation.

  • Weaker Economy May Help Stocks: Jim O'Neill Wednesday, 21 Jul 2010 | 6:17 AM ET

    Weaker economic growth might help stocks because it would force the Federal Reserve to maintain its easy-money stance for longer, Jim O'Neill, head of global economics research at Goldman Sachs, told CNBC Wednesday.

  • Goldman: US Stimulus Set to End, to Drag on Growth Wednesday, 21 Jul 2010 | 4:40 AM ET

    The raft of U.S. government stimulus measures, designed to backstop the tentative economic recovery and avert a double-dip recession, appears to be drawing to an end and that would place a serious drag on economic growth, according to a report from Goldman Sachs.

  • Investor Confidence Critical: Exchange CEO Tuesday, 20 Jul 2010 | 3:22 PM ET
    William O'Brien, DirectEdge's Chief Executive Officer

    Confidence in a stable, expanding economy and a stock market that is fair are key investor issues, William O’Brien, CEO of DirectEdge, told CNBC Tuesday.

  • Unemployment

    Now is not the time to cut off unemployment benefits in this country. Admittedly, extending the benefits will add to the Federal budget deficit, but not doing so will add to mortgage delinquencies and homelessness and will only serve to impede the still fragile recovery currently under way.