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  • Countrywide: Saving Its Skin And Others As Well? Tuesday, 23 Oct 2007 | 4:41 PM ET

    I could say, “What took you so long,” but that would be rude. Today, just three days before the nation’s largest mortgage lender announces its quarterly earnings, Countrywide Financial Corp. sent out a press release announcing a “comprehensive home preservation program to reach out to borrowers at risk of default.” Let’s boil it down:

  • Greenspan: Recession Chance 'Less than 50-50' Tuesday, 23 Oct 2007 | 12:27 PM ET
    Alan Greenspan

    The U.S. economy still faces pressure from a drawn-out housing-market slowdown but will "probably not" slip into recession as a result, former Federal Reserve Chairman Alan Greenspan said Tuesday.

  • Fed's Evans Says US Economy Is "Moving Forward" Monday, 22 Oct 2007 | 8:22 PM ET

    Chicago Federal Reserve Bank President Charles Evans said on Monday that outside of housing the U.S. economy is "moving forward," and that the Fed could not afford to go soft on inflation.

  • Lending Reform: Let The Battle Begin! Monday, 22 Oct 2007 | 4:44 PM ET

    You may or may not have heard, Rep. Barney Frank (D-MA), the chairman of the House Financial Services Committee, announced his legislation for mortgage lending reform today. This is expected to be the bill that will or will not change the way the mortgage business does business.

  • Gloom & Doom Economist Says Worst Is Yet to Come Monday, 22 Oct 2007 | 2:51 PM ET

    Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, thinks the worst is yet to come for the global economy. Appearing on CNBC's "Squawk Box," the economist and managing director of Marc Faber Ltd., explained his bearish outlook -- and offered advice for how to play a glum market.

  • UK Housing Prices Will Not Plunge: Item Club Monday, 22 Oct 2007 | 11:47 AM ET

    The liquidity squeeze which has affected the global financial markets in the past three months is not likely to cause a correction in the UK housing market, Peter Spencer, chief economic advisor for Ernst & Young's Item Club, told CNBC's "Squawk Box Europe" Monday. 

  • Dollar Rallies from Session Lows, Yen Gains Monday, 22 Oct 2007 | 11:23 AM ET

    The dollar rebounded from a fresh low on Monday after as traders pared back bets against the currency after the weekend's Group of Seven meeting yielded no call to action on the falling greenback.

  • Zoellick Wins Backing for New World Bank Strategy Sunday, 21 Oct 2007 | 8:38 PM ET

    World Bank President Robert Zoellick on Sunday won support from bank member countries for his strategy to lead the poverty-fighting institution for the next five years, including plans to give the private sector a bigger role in poor countries.

  • Crisis Was 'Accident Waiting to Happen': Greenspan Sunday, 21 Oct 2007 | 5:23 PM ET

    An unusually high degree of risk taking across asset classes made recent financial market turmoil all but inevitable, former Federal Reserve Chairman Alan Greenspan said Sunday.

  • Dollar Sinks Further on Economic Worries Friday, 19 Oct 2007 | 5:52 PM ET

    The dollar hit a fresh record low against the euro and a basket of currencies on Friday, pressured by the growing view that a slowdown in the U.S. economy will force another cut in interest rates this month.

  • Tiger's Robertson Sees 'Doozy of a Recession' Friday, 19 Oct 2007 | 4:22 PM ET

    Hedge fund legend Julian Robertson said he expects the U.S. economy is heading for a "doozy of a recession."

  • Bernanke: Uncertainty 'Pervasive' for Fed Policymakers Friday, 19 Oct 2007 | 10:43 AM ET

    Federal Reserve policymakers weigh a broad range of economic scenarios to determine the right moves on interest rates during times of uncertainty, Fed Chairman Ben Bernanke said Friday.

  • Fed's Hoenig Says 'Wait and See' on Interest Rates Thursday, 18 Oct 2007 | 12:27 PM ET

    Federal Reserve policy maker Thomas Hoenig said on Wednesday he was open minded about the future direction of U.S. interest rates but was on alert for fallout from financial market woes.

  • Dollar Drops to New Low vs. Euro, Yen, Pound Thursday, 18 Oct 2007 | 11:50 AM ET

    The dollar dropped to a record low against a basket of currencies and the euro Thursday, after Bank of America's third-quarter earnings results missed estimates, renewing concerns of a U.S. economic slowdown.

  • Dow Feeling Some Pain But There Is Good News Wednesday, 17 Oct 2007 | 4:16 PM ET

    Here's what we have today: 1) Fed Beige Book a little more downbeat, talking about slower growth and softer consumer, but noting that global growth remains strong.

  • Dollar Slips vs. Yen, Euro on Glum Housing Starts Wednesday, 17 Oct 2007 | 3:18 PM ET

    The dollar fell broadly Wednesday after a report showed housing starts dropped to their lowest level in 14 years in September, adding to concerns that the housing market may drag on the US economy.

  • Housing Slump Deepens, While Inflation Heats Up Wednesday, 17 Oct 2007 | 3:09 PM ET

    Groundbreaking for new homes and permits for future building both hit a 14-year low last month, reviving worry about a deepening housing slump and fueling hopes for more interest-rate cuts.

  • Dollar Gains Against Euro, Other Currencies Tuesday, 16 Oct 2007 | 2:40 PM ET

    The dollar rose against the euro and high-yielding currencies such as the New Zealand dollar Tuesday, as investors grew cautious of risky trades amid a sell-off in global equities and a surge in oil prices.

  • Bernanke Spooks Investors With Market Outlook Tuesday, 16 Oct 2007 | 1:51 PM ET
    Ben Bernanke, President Bush's top economic adviser, speaks in the Oval Office at the White House after Bush named him to take over the Federal Reserve from retiring Alan Greenspan, in Washington, Monday, Oct. 24, 2005. It was the third time in as many years the president has turned to the 51-year-old Bernanke for a sensitive post. Bush named him to the Fed board in 2002, then made him chairman of the president's Council of Economic Advisers earlier this year. (AP Photo/J. Scott Applewhite)

    Federal Reserve Chairman Ben Bernanke spooked investors by saying a full recovery in financial markets may not happen right away.