CNBC's Eamon Javers reports compromise is needed on a two-year bipartisan budget deal that removes the risk of a shutdown and reduces the federal deficit.» Read More
In the face of Barack Obama's overseas tour de force, rival presidential candidate John McCain struggled to be heard. Yet amid the awkward moments, he managed to campaign busily in key battleground states and to raise millions of dollars at fundraisers.
U.S. presidential candidate Barack Obama hopes his visit to Europe and the Middle East will show U.S. voters that he is a safe pair of hands, the Democrat said in an interview on Friday.
U.S. presidential candidate Barack Obama urged Europe on Thursday to stand by the United States in bringing stability to Afghanistan and confronting other threats from climate change to nuclear proliferation.
Media reports painted a pessimistic picture of today’s release on existing home sales. But inside the report was an awful lot of very good new news, which appear to be pointing to a bottom in the housing problem; in fact, maybe the tiniest beginnings of a recovery.
U.S. Democratic presidential candidate Barack Obama, on a foreign tour he hopes will boost his election chances, on Thursday gives an outdoor speech in Berlin on transatlantic ties that is likely to draw thousands.
Cash-strapped homebuyers and borrowers facing foreclosure will get some relief from a housing bill passed by the House on Wednesday but the bill won't solve the deep-rooted ills of the U.S. housing market.
Can bad Washington policies sometimes work to the benefit of financial markets? In the short run the answer is certainly yes. Nothing illustrates this point better than the gigantic Fannie-Freddie housing bailout bill that will soon pass Congress and be signed into law by President Bush.
When it comes to the economy, which presidential candidate is the best man for the job? Advisers for John McCain and Barack Obama appeared on CNBC to go head-to-head on politics, economics and trade.
In a vote of no confidence in the housing market, President Bush this morning revoked his threat to veto the housing rescue bill, which is making its way to a vote on the House floor today.
A Bush administration plan to bolster Fannie Mae and Freddie Mac could cost U.S. taxpayers $25 billion, congressional analysts said in a report that triggered debate as Congress moved toward approving a major housing market rescue package.
A plan to rescue Fannie Mae and Freddie Mac could cost U.S. taxpayers $25 billion, congressional budget analysts said, as Congress worked to complete sweeping housing market legislation.
Democrats and Republicans queasy about a federal rescue of mortgage giants Fannie Mae and Freddie Mac are coalescing around the idea of letting the government slap limits on the multimillion-dollar pay packages of their executives.
By visiting Iraq and Afghanistan, Obama is trying to narrow McCain's advantage on handling national security issues. The economy, however, is where Obama can build an edge of his own.
For more than a decade, Fannie Mae and Freddie Mac, the housing giants that make the American mortgage market run, have attracted overseas investors with a simple pitch: the securities they issue are just as good as the United States government’s, and they usually pay better.
Financial industry executives are mustering on Capitol Hill to head off a Congressional effort to rewrite the rules for the nation’s energy markets, saying it could unsettle already nervous markets and push more energy trading abroad, beyond the reach of domestic regulators.
Jason Furman, Barack Obama's campaign director for economic policy, and Douglas Holtz-Eakin, John McCain's senior economic policy advisor, met up on Squawk Box Thursday morning for a fiscal policy smack-down.
For years, mortgage giants Fannie Mae and Freddie Mac tenaciously worked to nurture, and then protect, their financial empires by invoking the political sacred cow of homeownership and fielding an army of lobbyists, power brokers and political contributors.
U.S. Federal Reserve policy makers fretted at their most recent meeting that growing inflation risks may require an interest rate hike, but agreed that the outlook for both prices and growth was still too uncertain, minutes of the meeting showed.
As I have been saying, much of the recent sizzle in the race toward almost daily record price levels is attributable to the tensions over Iran, and the recent tangible statements and actions by Israel, Iran, and the US, in terms of military exercises.
I see this morning that some of my CNBC colleagues are talking down to Jim Bunning, almost making fun of him as some sort of “odd duck,” because the Kentucky senator dared to squawk back at Henry Paulson (and for that matter Ben Bernanke) during yesterday’s Senate hearings on Fannie Mae and Freddie Mac.