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Bernanke bounce or an Obama tumble? That was the question on the minds of traders about markets Wednesday, another day in which Fed Chairman Ben Bernanke testifies before a Congressional committee and after President Obama's Tuesday night speech on the state of the nation.
"We have enough bad news out there. We need the positives," says one market pro about Obama's speech to Congress Tuesday night.
As President Barack Obama prepares to outline his agenda to the nation on Tuesday, political and market insiders discuss what he is likely to say.
Barreling ahead on a mammoth agenda, President Barack Obama is ready to offer a detailed sketch of the first year of his presidency, casting the nation's bleeding economy as a tangle of tough, neglected problems.
Former President Bill Clinton discusses what the government should do to help Americans follow standards of energy efficiency, his views on the economy and more with CNBC's Becky Quick. Following is the full transcript:
The markets may be looking for more from Fed Chairman Ben Bernanke than he will be able to deliver.
Keep track of what Obama has been doing since taking office:
Find out more about one of the most important figures in today's economic environment.
Don't miss the chance to ask questions and get answers directly from FDIC Chairman Sheila Bair.
President Obama's much-anticipated plan to deal with the U.S. housing crisis aims to help as many as 9 million families avoid foreclosure on their homes.
The Obama administration went into a full-court press Thursday in an attempt to sell its $275 billion plan for stemming the wave of foreclosures sweeping across the country.
Stocks could see a volatile Thursday after Wednesday's relative calm with traders anxious to see if the market will pierce its lows.
President Obama's much-anticipated plan to deal with the U.S. housing crisis aims to help as many as 9 million families avoid foreclosure on their homes, one of the root causes of the global financial meltdown.
The Obama Administration's plan to stem foreclosures and the Fed's latest view on the economy are two powerful catalysts for markets Wednesday.
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A provision buried deep inside the $787 billion economic stimulus bill would impose restrictions on executive bonuses at financial institutions that are much tougher than those proposed 10 days ago by the Treasury Department, the New York Times reports.
Stocks are locked in a trading range that could be put to the test in the week ahead.
The U.S. House of Representatives had passed the economic stimulus package. Now the measure goes to the Senate for a vote.
The U.S. Congress was expected to pass a $789 billion economic stimulus package aimed at unleashing large spending and tax cuts to help yank the economy out of a 14-month recession.
Judd Gregg, the Republican senator who suddenly withdrew himself as a nominee for Commerce Secretary, "feels very strongly" that President Obama is on the right economic track.
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