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  • House Set to Pass Housing Rescue Bill Wednesday, 7 May 2008 | 6:44 AM ET

    The House is due Wednesday to begin debating a housing rescue package that could see the government buy up $15 billion of abandoned homes and help an estimated half million homeowners facing foreclosure.

  • Paulson Says Markets Emerging From Crunch: WSJ Tuesday, 6 May 2008 | 10:10 PM ET

    U.S. Treasury Secretary Henry Paulson said U.S. financial markets are emerging from the credit crunch that many economists believe has pushed the country to the brink of recession, according to The Wall Street Journal.

  • Reader Poll: Did Rate Cuts Create A Worse Problem? Tuesday, 6 May 2008 | 1:03 PM ET

    The continued rise in U.S. crude oil prices, which hit an all-time high above $122 a barrel on Tuesday, seems almost unending...

  • Big Builder Stocks: Why They're Not Much Of A Buy Tuesday, 6 May 2008 | 11:14 AM ET
    New home construction

    I have to say I never really bought the so-called “recovery” in the homebuilder stocks that we saw at the beginning of the year. There was a lot of talk of a “bottom” in the stocks, despite the fact that nobody is ready to call a bottom in the housing market.

  • Fannie Mae Posts Another Loss, to Cut Dividend Tuesday, 6 May 2008 | 10:18 AM ET

    Fannie Mae on Tuesday cut its dividend and set plans to raise $6 billion in fresh funds to weather the severe U.S. housing market slump, driving its shares and the broader U.S. stock market lower.

  • Martin Feldstein

    Martin Feldstein, head of  the National Bureau of Economic Research, told CNBC: "the odds are we will slide into a recession."

  • High Foreclosure Rates Hurt Broad Economy: Bernanke Monday, 5 May 2008 | 9:10 PM ET
    Federal Reserve Chairman Ben Bernanke.

    Federal Reserve Chairman Ben Bernanke on Monday said conditions in mortgage markets remain strained, posing a threat to the economy, and urged steps be taken to prevent home foreclosure where possible

  • Countrywide: Could It Just Go Under And Go Away? Monday, 5 May 2008 | 3:50 PM ET

    Analysts this morning began raising some red flags over the Bank of America/Countrywide deal, citing deterioration in the mortgage market that could lead BofA to walk away, or at the very least lower its asking price.

  • Banks Stingier With Loans To Consumers, Businesses Monday, 5 May 2008 | 3:13 PM ET

    US banks kept tightening lending standards and terms for both business and consumer loans over the past three months out of concern about a weakening economic outlook.

  • Bush Says Rebate Checks Will Boost Ailing Economy Saturday, 3 May 2008 | 6:40 PM ET

    President Bush sought to assure Americans Saturday that federal checks en route to them as part of a stimulus plan will help spur the ailing economy and pay for soaring gas and food prices.

  • Constrcution Worker

    I want to talk about a huge number: 457,000. That’s the number of construction jobs that have been lost since the sector peaked in September of 2006. What’s interesting to me about this number is that at the beginning of the downturn in housing we didn’t see a huge drop in construction jobs, primarily because workers moved from residential into commercial.

  • Fresh off its strongest month in nearly a year, the dollar looks set to extend its rally next week on signs the Fed is on hold after seven months of aggressive interest rate cuts.

  • Consumer Bankruptcies Soar Nearly 48% in April Friday, 2 May 2008 | 11:36 AM ET
    debt collector

    Bankruptcy filings by U.S. consumers jumped 47.7 percent in April from one year ago as families cope with fallout from the subprime mortgage crisis, the American Bankruptcy Institute said.

  • Jobs Report Fuels Hopes Economy Has Hit Bottom Friday, 2 May 2008 | 10:50 AM ET
    Manufacturing Cars

    Fewer U.S. jobs were lost in April than economists feared and the unemployment rate  improved, raising hopes an economic downturn was not gathering steam.

  • Factory Orders Jump in March, Beating Forecasts Friday, 2 May 2008 | 10:10 AM ET

    New orders at U.S. factories jumped a much stronger than expected 1.4 percent in March, and durable goods orders for the month rose a revised 0.1 percent, a government report showed.

  • Dow Closes Above 13000 as Oil Recedes Thursday, 1 May 2008 | 5:24 PM ET

    Stocks continued to rally, pushing the Dow Jones Industrial Average past 13,000.

  • Friday's Jobs Report Likely To Bring More Bad News Thursday, 1 May 2008 | 4:44 PM ET

    Investors are anticipating another gloomy reading on U.S. employment on Friday, though market reaction may be somewhat muted.

  • Financials, Techs Lead Rally; Oil Recedes Thursday, 1 May 2008 | 3:08 PM ET

    Stocks continued to rally, pushing the Dow Jones Industrial Average past 13,000.

  • Pimco's Gross: Fed Could Learn from European Banks Thursday, 1 May 2008 | 2:30 PM ET
    Bill Gross

    Europe's central banks should serve as an example to the Federal Reserve of how to manage an economy suffering through stagnation and liquidity issues, Pimco's Bill Gross told CNBC/Europe.

  • Builders Facing Facts: No Congressional Bail-Out Thursday, 1 May 2008 | 12:53 PM ET

    Yesterday I wrote about the rather uncomfortable situation of hundreds of home builders on Capitol Hill, asking lawmakers for help, after their association had brashly cut off Congressional contributions.