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  • FOMC Minutes Show Doubts About 2009 Recovery Wednesday, 18 Feb 2009 | 3:06 PM ET
    The Federal Reserve headquarters in Washington, DC.

    FOMC participants are beginning to doubt the possibility of an economic turnaround in 2009, agreeing that the best case scenario would be for an extremely slow, and potentially delayed, turnaround starting late this year.

  • Text: FOMC Minutes Wednesday, 18 Feb 2009 | 2:11 PM ET
    The Federal Reserve headquarters in Washington, DC.

    Below are the minutes released by the Federal Open Market Committee after its Jan. 27-28 meeting:

  • Pros Say: Markets in 'Bottoming Process' Tuesday, 17 Feb 2009 | 6:15 PM ET

    Tuesday: President Obama signed the $787 billion economic stimulus bill into law, as governments around the world consider their own actions. But global markets plunged on fears of a deepening recession; Chrysler asked the U.S. for $2 billion more in loans and General Motors is widely expected to follow suit. Investors are fleeing to bonds and gold-backed securities. CNBC heard from experts who warned that the March "bear market bull" won't happen — but that we are, indeed, in a "bottoming process."

  • Are Home Buyers Starting To Kick The Tires? Tuesday, 17 Feb 2009 | 1:06 PM ET
    home_building2.jpg

    The National Association of Home Builders today reported in its monthly sentiment survey that while overall builder confidence in the housing market remained near record lows, builders did see an increase in buyer traffic in February.

  • Awaiting Treasury, Banks Stall Foreclosures Friday, 13 Feb 2009 | 12:38 PM ET
    Foreclosure

    As precious few details emerge from the Treasury department on the $50 billion housing rescue plan, the big banks are temporarily halting foreclosures.

  • Is Today's "Good" Foreclosure News Really "Good?" Thursday, 12 Feb 2009 | 11:11 AM ET

    A new report from online foreclosure sale site, RealtyTrac, shows a 10 percent decrease in foreclosures from the previous month. Foreclosures are still up 18 percent from January of 2008. Good news, no? No.

  • Vikram, Meet the Victims Thursday, 12 Feb 2009 | 9:47 AM ET
    Vikram Pandit testifying before House Financial Services Committee

    Yesterday I blogged about a comment Citigroup CEO Vikram Pandit said during his testimony before the House Financial Services Committee. He was bemoaning the fact that troubled borrowers don’t attempt to contact their lenders.

  • Facing Foreclosure: Get Your Head Out Of The Sand Wednesday, 11 Feb 2009 | 12:33 PM ET
    Vikram Pandit testifying before House Financial Services Committee

    I'm on Capitol Hill today at the greatest political theater imaginable—sorry the House Financial Services Committee hearing with the CEOs of eight major banks, from Citi to JP Morgan, Bank of America to Goldman Sachs.

  • Pimco's McCulley: Geithner Did Great Job, But ... Wednesday, 11 Feb 2009 | 9:47 AM ET

    Paul McCulley, managing director of Pimco, says he is looking for more details on the bank rescue plan than Treasury Secretary Timothy Geithner's is willing to provide.

  • Geithner Defends Bailout, Says Fix Will Take Time Tuesday, 10 Feb 2009 | 3:59 PM ET
    Treasury Secretary Timothy Geithner

    Treasury Secretary Tim Geithner defended his newly announced financial bailout plan, telling CNBC that "the financial crisis is enormously complicated" and will take time to resolve.

  • Stimulus Plan: Comparing House And Senate Versions Tuesday, 10 Feb 2009 | 3:19 PM ET
    Stimulus Package

    Here's a comparison of the $838 billion economic recovery plan passed by the Senate with an $820 billion version passed by the House.

  • Can We Really Believe "California Comeback" Report? Tuesday, 10 Feb 2009 | 11:23 AM ET
    Foreclosed California home

    A new report scheduled to be released tomorrow from on-line foreclosure sale site, foreclosures.com, claims a “California Comeback” is well under way.

  • Government Bonds May Be Last Bubble: Jim Rogers Tuesday, 10 Feb 2009 | 5:59 AM ET

    Investors will have to short government bonds at some point despite their current attraction, as the amount of debt issued is "staggering" and inflation risks are down the road, Jim Rogers, CEO of Jim Rogers Holdings, told CNBC Tuesday.

  • Mortgage Rates Likely Headed to 4.5%: Pimco's Gross Monday, 9 Feb 2009 | 10:31 AM ET

    Government action to shore up the economy and improve the housing climate probably will send mortgage rates to 4.5 percent, Bill Gross, co-CEO at the Pimco bond fund, said Monday.

  • Job Cuts Reaction: What the Experts Think Friday, 6 Feb 2009 | 11:51 AM ET

    The latest employment data shows a loss of 598,000 jobs in January, slightly more than expected, while the unemployment rate shot up to 7.6 percent.  CNBC asked economists, executives and political leaders what the deep cuts mean for the economy.

  • Monthly Job Losses Could Top 500,000 Again Friday, 6 Feb 2009 | 6:26 AM ET
    unemployment3.jpg

    Economists predict another steep decline in payrolls for January, with the jobless rate expected to reach 7.5%.

  • US Inflation Could Hit 200%: Dr. Doom Friday, 6 Feb 2009 | 3:28 AM ET

    The Fed could cause Zimbabwe-like inflation making the US a 'banana republic,' famous bear Marc Faber said.

  • Stocks Rise as Bank Hopes Gain Traction Thursday, 5 Feb 2009 | 4:52 PM ET

    Stocks eked out a gain after a rough morning as banks got a boost from market chatter that the government may suspend a controversial accounting rule blamed for much of the contagion in the financial industry.

  • Home-Buyer Tax Credit A Good Start, But... Thursday, 5 Feb 2009 | 2:11 PM ET
    suburban_home.jpg

    Last night the Senate voted to include a $15,000 homebuyer tax credit to the American Recovery and Reinvestment Act (a.k.a. the big Obama bailout).

  • Bogle: We Need Stimulus Bill Now Thursday, 5 Feb 2009 | 11:21 AM ET

    “We need a stimulus bill, and we need it now,” said Jack Bogle, founder of the Vanguard Group.  Bogle said the U.S. is in a deep recession that could turn worse if actions are not taken quickly.