The decline in President Obama's popularity has heightened the vulnerability of his fellow Democrats in this fall's congressional elections.» Read More
Before adjourning the House passed the "Cap and Trade" bill which probably has no chance of getting through the Senate in its current form. But it has enough inanities in it to make you glad they left town for a while.
It has become the trillion-dollar question: can President Obama find that much in spending cuts and tax increases to keep his campaign promise to overhaul the health care system, without adding to already huge deficits? Mr. Obama and the Democrats running Congress are deeply split over the possibilities.
Fed Chairman Ben Bernanke tells Congress he didn't pressure BofA into acquiring Merrill Lynch in a deal that cost taxpayers $20 billion.
In a peculiar role reversal, Republican lawmakers are mounting a ferocious attack on the Republican chairman of the Federal Reserve, while Democrats are coming to his defense.
Bank of America is ready to disclose details of Countrywide's former VIP program of preferential mortgages if a law enforcement body, Congress or other government bodies, issues a subpoena, documents obtained by CNBC show.
Wall Street is getting some of the pull back it's been looking for, and the question now is how deep will it bite into the market's recent gains.
The latest and greatest proposed reform of the financial system seems to set incentives in the wrong direction, writes William Dunkelberg, Economics Professor at Temple University.
The bright idea of turning to Washington for help is going to be a big problem for President Obama. If the car companies can get bailed out how do you tell California to drop dead when the state has 56 electoral college votes as my partner Greg Valliere has often stated.
The Fed meeting and a record $104 billion of Treasury auctions are the big hurdles for the market this week. Plus, weekend news that Apple chief Steve Jobs had a liver transplant will put techs in focus.
Both parties not only question the Fed’s performance but worry that the financial reforms will make the central bank even more politicized.
The high cost of securing health insurance for all Americans, the top domestic priority of President Obama, has Congressional Democrats scrambling to scale back their proposals or find ways to trim tens of billions of dollars a year from existing health programs.
Traders are already looking ahead to next week's Fed meeting as the next potential catalyst for stocks.
The Department of Education has selected student lender Sallie Mae and three other companies to service the $550 billion in outstanding federal student loans and future loans owned by the government.
The economy will recover this year but at a slow enough place to cause challenges for investors, a panel of financial experts told CNBC.
In the overhaul of financial regulation proposed by the Obama administration on Wednesday, rating services will avoid the radical changes their detractors have urged.
Market manipulators are bound to find a way around sweeping reforms proposed for the financial services system, hedge fund manager James Chanos told CNBC.
A tug of war between bulls and bears stalled the stock market Wednesday and could do so again Thursday, as traders focus on hours of testimony from Treasury Secretary Tim Geithner.
President Obama's approval rating eased by five points this spring as Americans worried about unemployment and the federal budget deficit, according to a new NBC News/Wall Street Journal poll.
US banks could become less competitive—and less profitable—from President Obama's proposed financial overhaul, analysts say
The financial overhaul expands the Fed's powers but also restricts them, underscoring the central bank's awkward role in bank regulation and the economy.
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